Comment | Trims to Sotheby's African Modern and contemporary art department are just one unwelcome sign for this previously healthy market
Sotheby's has disbanded its dedicated African Modern and contemporary art department, a move that comes as auction sales in the category plummeted 45% in 2024 to $43.9 million, according to an ArtTactic report. The department, launched in 2016 with specialist Hannah O'Leary from Bonhams, was a major boost for the sector, but its small sales totals made it vulnerable during Sotheby's wider cost-cutting. O'Leary will now integrate African art into broader contemporary and Modern auctions, while other houses like Bonhams and Strauss continue to hold dedicated sales, focusing increasingly on 20th-century artists.
