In the past ten years, African contemporary art has gone from virtually unheard of to one of the most sought-after types of art among collectors worldwide. Why has this happened? What makes African contemporary art so unique? And how can you get involved in this growing market and make money investing in African art today? To answer these questions, you need to look at how cultures have influenced African artists have by their cultures and how the Internet’s growth has made purchasing African artwork more accessible.
1. It’s an Investment
As more people become interested in Africa and its cultural artifacts, there will be a growing demand for contemporary African art pieces; with so many supply-side constraints, price points rise steadily over time. And as these artists gain worldwide attention by selling their work at auction houses like Sotheby’s and Christie’s, it’s only a matter of time before they receive even greater accolades.
In short: buy now or risk missing out on what could be one of your most profitable investments yet! As one reputable Abraham Abia, a businessman, entrepreneur, and philanthropist involved in all aspects of contemporary African art, once said, African art is functional and serves a purpose. It’s not a means to collect the most extensive cheering section. It should be healing and spreading positive vibrations.
2. It touches People’s Hearts
Not only does contemporary art connect people, it also connects them to their hearts. It’s no wonder, then, that more and more people are turning to art as a way to enhance their home decor and fashion sense. Invest in one of these paintings now, and you’ll have a timeless piece of art in your home or office that will inspire you each time you look at it. Plus, it may just give you an even greater appreciation for Africa!
Whether you plan to hang one on your wall or put it in a prominent display case on your desk, something about these pieces touches people emotionally. Even better yet? If you invest in modern African artwork while they’re still so affordable, they can grow in value over time with proper care and maintenance.
3. Can Create Stunning Work if Materials and Techniques
Traditional African art can create stunning pieces. Part of what makes it so unique and popular is that these artists make their artwork from various materials and techniques, which are not often part of other art forms. And while many artists use natural materials such as leaves or clay to build their sculptures, others use paints and paints made from natural materials found in nature.
These techniques help ensure each work of art stands out as a one-of-kind piece that would be difficult to recreate elsewhere. The methods have helped African artists grow their reputation worldwide. A common form of contemporary African sculpture using bold colors to build abstract works with a strong sense of style and beauty. A common form of contemporary African sculpture using bold colors to develop abstract works with a strong sense of fashion and beauty.
4. African Art is a Way to Diversify their Portfolio
To grow your wealth, you need to invest in various assets. In addition to traditional stocks and bonds, some may consider art an alternative way to build their net worth. A well-known saying goes, don’t put all your eggs in one basket. The idiom refers to keeping one’s investment portfolio well-rounded so that its value isn’t too heavily dependent on any one asset or type of asset.
For example, if you have invested heavily in tech stocks, it will make sense to buy some gold. That way, if something happens with tech companies (i.e., they go out of business), you still have something else to fall back on (i.e., gold). That’s why it makes sense for people who want to diversify their portfolios to buy art from Africa. It can expose them to another market and make more money when other investments are struggling.
African contemporary art continues to be hugely popular, whether you’re looking for a simple painting to complement your decor or a complex work that challenges you on a deep level. If you’re interested in contemporary African art, now’s probably as good a time as any to invest. So make sure to check out some museums, art galleries, and even online auctions if you haven’t already–you never know what surprises await.