Going, Going, Gong!!! N9.2m
A few unofficial figures here based mainly on my calculations and observations from last night's event. Rough fiqures indicate a total sale of about N75m. Out of 97 lots (i missed the first 2) 61 lots were sold within or over the estimate price, 4 or 5 were unsold and 32 sold for under estimate price. Artist such as Rom Isichei saw one of his works double from N1.1 (high end) to N2.4m (lot 94) as did Abiodun Olaku from N800k to N1.6 (lot66) as did Gbenga Offo which tripled from N50k to N160k. The nice surprise of the evening was recent Yabatech graduate (2007) Richardson Ovbiebo whose 2 works doubled from N75k to N200k (lot59) and N110k to N240k (lot84).
Reflective of the art situation in the country, the auction was dominated by the works of male artists with only 3 female artists;Nike Okundaye, Ndidi Dike and Nkechi Nwosu-Igbo. On the whole they didn't fare too well. Nike Okundaye managed to sell 1 out of her 3 entries. One sold for N1.1m which was still under the lower estimate price of N1.3. The other two works did not sell. All of Ndidi Dike's 2 entries sold for almost 35% less than their lower estimate price, with one unsold and Nwosu-Igbo sold one at N280k (lot41) with one under estimate price for N110k (lot34) whilst the third remained unsold. The Oshogbo Artists did not fare too well either and Twins Seven Seven and Oloruntoba were quite disappointing with sales either 50% lower than estimate price or not selling at all. Two favourites Kolade Oshinowo and El Anatsui were absent this time around.
What would I have picked up if I could have. Obiora Udechekwu, Untitled 1989 (lot20) which went for N220k, Onobrakpeya's Millenium Mask Panel which went for N1.7 and my favourite were two very accomplished paintings by Duke Asidere, The Women, 2001 (lot33) which went for N1.2m and Untitled, 2003 (lot36) which went for N1.1m. All in all organisers, buyers and artists went home satisfied.
I am now off to the Glasgow International Visual Art Festival.