Kenya’s first online art auction almost sells out, brings big relief to industry | by Kari Mutu | The East African
Circle Art Agency set a record in October as Kenya’s first art online auction. The agency has been hosting annual auctions of modern and contemporary East African art since 2013 and has attracted international buyers and a growing base of Kenyan collectors.
This first virtual auction was a small event, with just 37 lots of mostly secondary market and modern works. However, it achieved a 90 percent sell-out rate and recorded Ksh14 million ($128,182) in sales.
“In spite of a difficult year, the East African art market is stable and growing,” said Danda Jaroljmek, director of Circle Art.