"In 2024, the total sales value of female African artists reached $22m, a significant increase from $17.5m, reflecting a growing presence and recognition in the art market."
"The trend that women now maintain a 52.8% share of auction sales, amidst a general decline in the African art market, signifies a pivotal change in art history."
In 2024, female African artists remarkable held a 52.8% share of auction sales despite a general downturn in the art market, marking a historic achievement. With total sales reaching $22 million, female artists are leading in sales value while previous years observed a shift with pronounced growth. Noteworthy figures like Julie Mehretu, whose work sold for $5.8 million, are key illustrations of this momentum. Industry insights suggest that this shift reflects a profound change in recognition and valuation of women in the African art market, driven by consistent sales successes amidst broader market declines.
Read at www.theguardian.com
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