Nigeria is well positioned to take advantage of the $65 billion art market – Patrons

A director of Patrons, an art consultancy and concession company, Keturah Ovio, says Nigeria has the capacity to tap into the $65.1 billion global art market.

Ovio said this while answering questions about his upcoming miniature art exhibition titled “Small is beautiful”, which is scheduled to take place July 30-31 at Cabaret, 32 Musa Yar’Adua, Victoria Island, Lagos.

The Art Basel and UBS Global Art Market Report 2022 estimate the size of the global market at $65.1 billion.

Ovio said the Nigerian art industry has matured so much that works by artists from the country are exhibited in various parts of the world, including London, Paris, Rome, New York, Valencia and Berlin, which are often considered as artistic cities in the world.

“Nigerians are quite creative and can make something out of nothing. All we need is to make sure that we are able to participate in world exhibitions with our works,” she said.

She noted that artists do not get enough attention in Nigeria as some drop out due to a lack of sponsorship and support from the government and the consuming public.

“We must consume art in Nigeria because it has many benefits. Apart from being a big industry globally, it provides excitement, recreation and tells stories of history that no cannot be told engagingly in written form,” she said.

“It’s a great industry that can help shore up our revenue. When Nigerians travel out of the country, they visit art galleries, attend exhibitions, and visit museums. They spend foreign currency to see and monitor what we already have locally. Supporting local artists starts one act at a time,” she warned.

She said the upcoming miniature art exhibition will feature the works of a well-collected emerging artist, Oladimeji Alabi, who has exhibited and presented in several prominent venues. She noted that the vernissage would take place on Friday July 29 and promised to be a weekend of Art, Italian shopping, wine tasting and delicious Hors D’Oeuvres.

She described the event as a series of miniature art exhibitions intended to spark memorable and inspiring conversations in the art industry through miniature works of art.

“As human beings, our obsession with creating big things in small sizes has been evident since the earliest civilizations of the world. There is something complex and breathtaking about paintings, sculptures and prints of small cut.

“Miniature art is new. As an art form, it is extremely detailed as it forces the artist to communicate and engage with the audience within limited space and construction. “Small is beautiful” is a series of miniature art exhibits curated to stimulate the mind to lean in, inspire and connect,” Ovio added.

She promised that these series would engender great appreciation for works made by Nigerian artists and would greatly distract participants from the hustle and bustle of life in Lagos and the tensions in society.

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