Today we announce the launch of the ÌMỌ̀ DÁRA State of the African Art Market report, an annual assessment of the profiles, budgets, tastes, and desires of classic, modern and contemporary African art collectors.
This fifth edition of the report presents the results of a survey of 253 collectors from 28 countries. The online survey — which ran from 12 December 2021 – 16 January 2022 — was completed by subscribers of the ÌMỌ̀ DÁRA email newsletter and the subsequent report remains the only one of its kind to assess who today’s collectors of African art are, what they are buying, and how they think the market will evolve over the next few years.
With a record number of contemporary African art collector responses, this year’s report includes two additional supplements on the classic African art market and on the modern and contemporary African art markets. The report also includes expert commentary by Hannah O’Leary, director and head of Modern and Contemporary African Art at Sotheby’s auction house.
There’s no question that the last couple of years have been quite unlike any other. ÌMỌ̀ DÁRA’s fifth annual State of the African Art Market report explores how the pandemic, the shift to online channels, and the restitution debate have affected collector buying decisions.
Download the 2022 report for full access to access to classic, modern and contemporary findings, including an appendix with full breakdowns of the survey results.