High-quality art prices soar

27 Mar 2015

Prices for high-quality South African and international art soared at Strauss & Co's auction held this week in Cape Town.

The sale achieved a total of R50m and a value sellthrough rate above 84%.

Eleven works by JH Pierneef, were all sold. Irma Stern, Robert Hodgins and Walter Battiss were among the other artists whose works sold exceptionally well.

The Hodgins work J'accuse, which provides a dissection of the notorious Dreyfus affair, sold for R2.5m, setting a new world record for the artist.

Strauss & Co now holds 11 world records for Hodgins, set consecutively, says the auction house's executive director, Bina Genovese.

Vladimir Tretichikoff's Zulu Maiden topped the local list, selling for R3.18m.

The rare early portrait by Wolf Kibel of his son Joseph sold for R2.96m.

The top lot, Schmerzensmann III by Belgian artist Berlinde de Bruyckere, which sold for R3.41m, was bought by a private international collector. The work's significance is such that it has been requested for the exhibition The Problem of God at the Kunstsammlung NordheinWestfalen in Dusseldorf later on this year.

Source: Business Day via I-Net Bridge

Source: I-Net Bridge

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