Investing in African Art, Part 1 – Why Art Is a Terrible Investment (Until It Isn’t)
Amoako Boafo, The Lemon Bathing Suit, 2019. Oil on unstretched canvas. Sold at Phillips London, February 2020, for £675,000 ($881,000). Image courtesy the artist and Phillips. In 2020, a painting by a then little-known Ghanaian artist named Amoako Boafo sold at its auction debut in London for about $880,000, roughly thirteen times what the auction […]