Exceeding High Expectations

05 Dec 2016

Aspire Art Auctions achieved a staggeringly high average of R322 527 per lot in its inaugural Johannesburg auction. This is more than 600% over the average price per lot of R50 800 attained in South African auction houses, in the first half of 2016, as calculated by Citadel Wealth Management.

Held on the 31st October 2016 at The Park on 7 in Hyde Park, the inaugural auction set an impressive standard. An outstanding sell-through rate of over 75% across a focused 121 lots, totaling R33 733 818 in sales, confirmed the vitality of the South African art market and the value of Aspire Art Auctions’ expertise.

Record Results
A packed house, supplemented by a stream of local and international telephone and online bidders, conducted by leading South African art auctioneer, Ruarc Peffers, led to competitive bidding and numerous broken records.

The top lot of the sale was Alexis Preller’s exceptional Profile Figure’s (Mirrored Image), selling for over  R7-million — eclipsing the other amounts earned for the artist this year. Further top sales included William Kentridge’s Untitled (Colonial Landscape), achieving over R2-million, and Irma Stern’s gouache, Congolese Woman, selling for over R1.9-million. Doubling the lowest estimate, J. H. Pierneef’s Karoo near Hofmeyer matched the highest South African price for the artist of 2016, at R1 818 880. Edoardo Villa’s Homage to Maillol, achieved a major record for the artist – the highest price for the artist’s steel work, and the second highest price for the artist in South Africa.

Successful sales extended into flourishing sub-sectors, such as contemporary art and photography, highlighting rapid growth and potential in the South African market. Athi Patra Ruga’s vibrant tapestry, Convention…Procession…Elevation, outstripped all worldwide records for the artist, selling for R477 456. Surpassing the artist’s previous record by 300%, David Koloane’s Dog with Green Eyes set a new record at R107 996. With just moments between the lots, two different sculptures attained a new international record for the work of Peter Schütz – African Daphne and Goddess of Transformation each sold for R125 048. Diane Victor’s Abomakgereza earned the highest amount in South Africa for the artist at just under R200 000. The work of South African photographers was met with great enthusiasm, setting two new South African records at R204 624 for Pieter Hugo and R159 152 for David Goldblatt.

Inaugural Cape Town Auction 2017
With the momentum of this successful Johannesburg auction, Aspire’s inaugural Cape Town Summer Auction, set for 20:00 on the 27th March 2017, is attracting much excitement and anticipation.

Overlooking the V&A marina, at the hub of the Waterfront, the Avenue is a spacious and sleek venue which allows for Aspire’s signature high caliber display. Expert curation and the generosity of space focus attention on each individual piece, whilst evoking interesting links between the works.

With an emphasis on select quality lots, Aspire Art Auctions is already drawing significant artworks from  across South Africa for the upcoming auction. Expert documentation and extensive research, carried out by both in-house and outsourced specialists, ensures each artwork is showcased to its full potential for the benefit of buyers and sellers alike.

For gratis and obligation free valuations and to consign works of art to the Cape Town auction, please contact:
Cape Town
Emma Bedford | emma@aspireart.net | +27 83 391 7235
Josephine Higgins | josephine@aspireart.net | +27 82 806 1030

Johannesburg
Jacqui Carney | jacqui@aspireart.net | +27 71 675 2991
Mary-Jane Darroll | mj@aspireart.net | +27 82 567 1925
Ruarc Peffers | ruarc@aspireart.net | +27 84 444 8004

Consignment deadline mid-January.

Image Caption
Installation View of the inaugural Aspire Art Auction, The Park on 7, Hyde Park, Johannesburg
Courtesy of Nina Lieska, Repro Pictures

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