There is a growing market for African art, which is an excellent investment for the future. Europeans have collected African art for centuries, but it has only recently begun to gain recognition as a valuable investment.
Collectors of African art have long recognized the importance of investing in this genre, and the future looks bright for those who support it now. The online market offers an excellent opportunity to buy African art at a fraction of the cost of traditional galleries. In addition, many online galleries provide a wide variety of African art, like Artdey Africa, making it easy to find the perfect piece for your collection.
If you are an art collector or investor looking for the next big thing, here are four reasons you should consider investing in African art.
- African art is on the rise
Looking at the global art market trends, it is clear that African art is rising. African Art sales reached $72.4 million in 2021, the highest total sales for the African Modern and Contemporary Art market.
Online African art sales went up by 6.2% in 2021, which is in line with the growing popularity of a new generation of African artists making a name for themselves on the international stage.
- Online sales are booming
One of the biggest trends in the global art market is the shift to online sales. This is particularly true for African art, which is benefiting from the growth of online platforms such as Artdey Africa and Aworanka.
Online African art sales went up by 6.2% in 2021, which is in line with the growing popularity of a new generation of African artists making a name for themselves on the international stage. This is a trend that is only going to continue as more and more collectors and investors turn to the internet to buy and sell art.
- African art is a good investment
If you are looking for an investment that has the potential to generate healthy returns, African art is worth considering. This is because, as the popularity of African art grows, so makes the demand for it.
- The future is bright for African art
The future looks bright for the African art market, thanks to the growing popularity of African art and the increasing global appetite for it. With online sales booming and a new generation of African artists making a name for themselves, now is the perfect time to invest in African art.
African art is an excellent choice if you want an investment that will appreciate over time. It is a perfect way to diversify your portfolio, and it is a market that is still relatively untapped. With the right piece of African art, you can make a wise investment that will pay off for years.