In 2024, female African artists remarkable held a 52.8% share of auction sales despite a general downturn in the art market, marking a historic achievement. With total sales reaching $22 million, female artists are leading in sales value while previous years observed a shift with pronounced growth. Noteworthy figures like Julie Mehretu, whose work sold for $5.8 million, are key illustrations of this momentum. Industry insights suggest that this shift reflects a profound change in recognition and valuation of women in the African art market, driven by consistent sales successes amidst broader market declines.
In 2024, the total sales value of female African artists reached $22m, a significant increase from $17.5m, reflecting a growing presence and recognition in the art market.
The trend that women now maintain a 52.8% share of auction sales, amidst a general decline in the African art market, signifies a pivotal change in art history.
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