The big three (Irma Stern, Maggie Laubser and JH Pierneef) were the central pillars of Strauss & Co’s monumental late-summer
auction in Cape Town, which generated a record turnover of R70.6 million.
The superb result, achieved on a solid 84% sell-through rate, surpassed the previous single-auction high of R66.8 million – set in Johannesburg in 2010 – by R3.8 million.
Cape auction nets whopping R70.6m “This result sends a strong and encouraging message to the market,” Strauss & Co’s chair Frank Kilbourn said.
“There was a signifi cant demand for high quality work across all the categories.
“I’m pleased by performance of the contemporary work we offered, especially young painters Jessica Webster, Georgina Gratrix and photographers Pieter Hugo and Mikhael Subotzky.”