South African Art continued its march onto the world stage as a newly appreciated art form and investment at Bonhams seventh sale of South African Art in London on Wednesday.
“Works by Jacob Hendrik Pierneef, Gerard Sekoto and Maggie Laubser all beat their pre-sale estimates,” Bonhams said in a statement. “The top-priced work in the sale was by Pierneef, titled ‘An Extensive View of Farmlands’, which sold for £356 000 (R3.9-million) against an estimate of £120 000 to £180 000.”
The sale’s catalogue cover lot by Gerard Sekoto, “Market Street Scene, Cape Town,” sold for £192 000 (R2.1-million) against a pre-sale estimate of £120 000 to £180 000. And a Maggie Laubser, “Woman Wearing a Red Doek”, estimated at £20 000 to £30 000 sold for £50 400 (R554 000).
“Once again we have been delighted by the response from buyers,” Giles Peppiatt, director of South African art at Bonhams, said after the sale. “You would not have known in the saleroom today that we are cautiously emerging from the worst recession in 80 years. The mood was buoyant, the bidding brisk and the prices excellent.
“After five years of selling South African art, I feel that this is not a blip or a fashion but the start of a long march to real international recognition and appreciation of this vibrant art from the tip of Africa,” Peppiatt said.