Auction sales of work by ultra-contemporary African artists (which we define as those born after 1974) have increased 434 percent over the past two years, to almost $40 million in 2021 from $7.5 ...

Renowned auction houses like Sotheby’s are propping up the modern and contemporary African art movement, bringing together artists, investors, and collectors from around the world.

Sotheby’s first-ever Modern and Contemporary African Art sale took place in London yesterday, totaling £2,794,750 (about $3,600,000)—just shy of the low estimate of £2,800,000. Of 116 lots ...