Nigerians dominate the $13 billion African art market – Patrons

A director of Patrons, an art consultancy and sales firm, Keturah Ovio, says Nigerians are at the forefront of the estimated $13 billion African art market.

Ovio said this when answering questions about his upcoming miniature art exhibition called “Small Is Beautiful”, which is scheduled to take place October 21-23 at Cabaret Avignon, 32 Musa Yar’Adua, Victoria Island, Lagos.

She said Nigerian art is one of the most sought after in Africa and attracts investors from around the world.

According to her, Nigerian artworks are sold for thousands and hundreds of thousands of dollars across the world, which is a testament to the fact that art as a profession can be very lucrative for those who dabble in it. .

Ovio further stated that 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, Miami, Valencia and Berlin, which are often considered the artistic cities of the world.

“Nigerians are very creative. In October 2021, Jacon Osinachi Igwe was the first African crypto artist to sell his works at Christie’s auction house in Europe,” she said.

“Three years earlier, Bob-Nosa’s works had been sold in an exhibition widely described as successful in Europe. In October 2019, $1.4 million was made from Ben Enweonwu’s work at a Sotheby’s auction in London. These are just a few examples of how Nigerian arts are taking hold in Africa and the rest of the world,” she noted.

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

“We need to consume our arts in Nigeria as it has many benefits. Apart from being a great industry on a global scale, it provides excitement, recreation and tells stories of history that cannot be told engagingly in written form,” she said. declared.

“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 will give them confidence to preserve what is ours,” she warned.

She said the upcoming miniature art fair will feature the works of a well-collected artist, Emmanuel Dudu, who has exhibited and been featured in several prominent locations. His works are currently part of the collections of the King of Morocco Museum – King Mohammed VI. While the vernissage will take place on October 20, the public vernissage and exhibition will take place from October 21 to 23.

The event is organized by Patrons Modern & Contemporary African Art in partnership with Liquiditti Platforms and Solutions Limited, which provides access to finance for SMEs, LPO financing, car-backed loans, asset acquisition for SMEs and other tailor-made loans.

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 is evident from the oldest civilization in the world. There is something complex and breathtaking in the paintings, sculptures and prints of small size.

“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 Lagos life and tensions around the society.

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