Arthouse Affordable Art Auction 2020 Fetches N35,762,500 in Sales

Arthouse Affordable Art Auction 2020 Fetches N35,762,500 in Sales

Arthouse Contemporary held its 5th annual Affordable Art Auction on 7 March 2020, at the Kia Showroom, Lagos. Featuring 103 lots from emerging and established artists, in addition to five charity lots, the auction brought in a total of NGN 35,762,500 ($99,340) during the evening’s sale.

The Affordable Art Auction aims to engage new collectors with all works of art estimated below one million naira. As the sister edition to the May and November auctions, the Affordable Art Auction features artworks that are scaled to an affordable and accessible price point.

Highlights of the evening were Rom Isichei’s Girl with Purple Umbrella, a charcoal and pastel on paper from 2019, and Segun Aiyesan’s Ewa, a mixed media on canvas from 2019, which both sold for N1,233,750. Others include Rom Isichei’s Delineation, a mixed media on paper from 2017, sold for N1,116,250, Reuben Ugbine’s Athleticism, a wood sculpture from 2019, which sold for N1,086,875, and Alex Nwokolo’s Red Canopy series, an oil on textured canvas from 2020, sold for N 1,028,125.

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This edition also featured charity lots by Oladele Awosoga, Nkechi Nwoso Igbo, A. Akande, Em Inwang and Agemo Francis, in support of the Arthouse Foundation, the non-profit artist residency programme in Lagos, raising a total of N 750,000. The proceeds from these charity lots will go directly to supporting the programmes of the Arthouse Foundation, including its residencies, workshops, talks and public events.

The Affordable Art Auction was generously supported Kia Motors, Absolut, 7UP and Guardian Arts.

Founded in 2007, Arthouse Contemporary is an international auction house that specialises in modern and contemporary art from West Africa. Arthouse Contemporary aims to create awareness of the scope of contemporary art in the region, encourage international recognition towards its talented artists and strengthen the economy of its art market.

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