By Tajudeen Sowole
Prolific painter, Kolade Oshinowo has recorded his biggest art auction sale in Lagos when the hammer stopped at N3.9m on a group portraiture titled Royal Procession (32 x 60 in, 2011) during the last Terra Kulture-Mydrim auction.
Kolade Oshinowo's Royal Procession (32 x 60 in, 2011).
Prolific painter, Kolade Oshinowo has recorded his biggest art auction sale in Lagos when the hammer stopped at N3.9m on a group portraiture titled Royal Procession (32 x 60 in, 2011) during the last Terra Kulture-Mydrim auction.
It was a
brief bidding shortly after the attendance inside the multi-purpose hall of
Terra Kulture, Victoria Island started thinning out; the work which had an
asking price of N2, 500, 000 – 3, 500, 000 was sold as the highest of the day’s
sales.
Perhaps
the artist’s closest auction record in Lagos occurred when his work Koma Village, oil on canvas, (122 x 152.5 cm, 1987), was sold for N2.5m at a
different auction organized by Art House Contemporary in 2011.
With N47
million total sales under the hammer prices of debutant art auctioneer, Yinka
Akinkugbe, the Terra Kulture-Mydrim’s sixth auction was an improvement on last
year’s sales of N38, 125, 000, 00.
Out of a total 96 lots put up for sale,
60 were sold, according to the results released by Mrs Temitope Sanya of
Finance Department, Terra Kulture.
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Shortly
before the sales, the Terra Kulture-Mydrim’s Lagos Art Auction 2013 was described as the richest collections of
contemporary African art among the six outings of the partnership. Also, aside
the regular masters such as Ben Enwonwu, El-Anatsui, Bruce Onobakpeya and
Kolade Oshinowo, who featured in the past auctions, the Terra Kulture-Mydrim art
auction had quite a number of young artists who impressed during the sales.
Artists such as Fidelis Odugwu b 1970 and Segun Ayesan b 1971, for examples
were among those whose works made the top ten sales of the auction.
At the Terra Kulture multipurpose hall
where most of the previous five editions of the auctions were held, a five-day
preview of show had offered bidders an opportunity to connect them with works
on offer.
The two ladies behind the movements of the hammer sales of Terra
Kulture-Mydrim auctions, Bolanle Austen-Peters and Sinmidele Ogunsanya, had, in a
joint statement said the auction “is in furtherance of our goal option to
project Nigerian visual art as a viable and sustainable investment.”
Aside the increase in the young artists
featured at every Terra Kulture-Mydrim auction, bringing a new auctioneer,
Akinkugbe was aimed at spreading the opportunities and give the auction a fresh
breath, they stressed. Auctioneer of the previous sales, Prince Yemisi Shyllon,
Ogunsanya said, is still with the Terra Kulture-Mydrim team “as a patron,
supporting and helping in other areas”.
Akinkugbe, according to the auction house
“is an art enthusiast, who is bringing his wealth of knowledge of the visual
arts and indeed the art market to bear.”
The “success of the previous five
auctions”, it was disclosed, has led to more people showing interest in
collecting works just as “those who are in possession of great collection want
to exchange such for higher value.”
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| Visitors during the preview of the Terra Kulture-Mydrim auction few days ahead of the sales in Lagos |
Ten of the top sales
from 96 lots at Terra Kulture-Mydrim’s Lagos Art Auction 2013
1. Kolade
Oshinowo
Royal Procession
N3,900,
000. 00
2. El-
Anatsui
Towel II
3,500,000.00
3.
Fidelis Odogwu
Wazobia I,II, III,
2,200,000.00
4. Kolade
Oshinowo
Road To My Village
2,100,000.00
5. David
H. Dale
Oke Arin Market
2,100,000.00
6. Segun
Aiyesan
Odion 1,950,000.00
7.
Abiodun Olaku
Bliss 1,600,000.00
8. Alex
Nwokolo
Global Energy
1,500,000.00
9. Chidi
Kubiri
Wait On God
1,300,000.00
10. Bunmi Babatunde
Alarede
1,200,000.00
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