The Lagos Art Auction held on the July 27th 2018 at the Terra Kulture Mydrim Gallery Auction House (TKMG) in Victoria Island Lagos.
The auction was the ninth edition and garnered interests and attendance by art collectors, artists and art lovers.
A successful collector’s preview held earlier on July 20th 2018. It gave art collectors an opportunity to see some of the art pieces to be exhibited and auctioned. It was an exhibition of a sort as bids were gotten from various art collectors.
Speaking on the Auction, Curator at Terra Kulture Art Gallery, Ugonna Ibe-Ejiogu stated:
“We are grateful to the artists and buyers that support us and enable us to see such great results. While the sales of works by established artists was inevitable, the auction also saw sales by lesser-known names which is encouraging for emerging artists and the growth of the West African Art market.”
Mr Steve Ayorinde and Mr Muritala Ibrahim. Photo: Emmanuel Oyeleke
The top sale of the evening included an untitled piece by Ablade Glover, an oil on canvas from 1992. Other leading sales of the evening included David Dale’s Agidigbo, glass beads on board from 2013, Abiodun Olaku’s Delta Symphony (2016), Kolade Oshinowo’s Mother and Child (1975), and Segun Aiyesan’s Rachael (2018).
This edition of the auction featured an exciting bidding war which resulted in Stanley Dudu’s Reading (2016) selling for more than twice its reserve price. Emerging Artist, Nzennaya Barry Ikechukwu also had two works in the auction which were both sold on the night.
The auction is an indication that Nigeria is becoming more appreciative of arts and local artists and, with more support, they can contend with international artists since the international art world embrace and even some collectors own African art.
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