By Prisca Sam-Duru
THE 9th edition of the Lagos Art Auction which took place on 27 July 2018 at the Terra Kulture Mydrim Gallery Auction House (TKMG) Lagos was a delectable evening that honoured African artists for their contributions to growth of African arts.
The auction was graced by art collectors, Caucasians, artists and art lovers who did justice to the reason for the evening. The TKMG 2018 Auction was preceded by a successful collectors’ preview on the 20th of July, which gave collectors a chance to view some of the pieces to be auctioned.
The auction night was a huge success, garnering bids from various art collectors. The top sale included an untitled piece by Ablade Glover, oil on canvas from 1992. Other leading sales of the evening included David Dale’s Agidigbo, a glass beads on board from 2013, Abiodun Olaku’s Delta Symphony (2016), Kolade Oshinowo’s Mother and Child (1975) and Segun Aiyesan’s Rachael (2018).
The 2018 edition of the auction featured an exciting bidding war which resulted in Stanley Dudu’s Reading (2016) selling more than twice its estimated price. Emerging Artist, Nzennaya Barry Ikechukwu also had two works in the auction which were both sold. Speaking on the auction, Curator at Terra Kulture Art Gallery, Ugonna Ibe-Ejiogu said they were grateful to the artists and buyers that supported and enabled them to see such great results. “While the sales of works by established artists were inevitable, the auction also saw sales by lesser known names which is encouraging for emerging artists and the growth of the West African art market.”
ASPIRE Luxury Magazine was the Media partner while the auction was sponsored by Union Bank Plc, Dorman Long, Unilever, Glenmorangie, Belvedere Vodka and Veuve Clicquot.