Strauss leads paintings market for SA artists, new figures show.

Byline: Madden Cole

Strauss leads paintings market for SA artists, new figures show FIGURES released recently by Art Vault show that art auction house Strauss leads the South African paintings auction market, ahead of the London auction house Bonhams. Total turnover for the year of mostly high-end paintings is R86 617 150 (about R100m inclusive of premium and VAT). Strauss held three highly successful auctions with an average of 192 lots each and an average hammer price per lot of R150000, by far the highest average achieved among the five top auction houses handling South African art. Chairman Elisabeth Bradley said she was overwhelmed by the outstanding achievements Strauss …