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“With such a large offering, mostly focused on African artists, now more than ever attending to the needs of the art economy from a local perspective that serves the curatorial and commercial integrity has become urgent and essential in ensuring that we as Africans own our art, our history and our futures,” FNB Art Joburg managing director Mandla Sibeko wrote in his foreword in this year’s catalogue.
It is probably fair to say that none of the galleries will on Monday be packing up their stalls with empty pockets. On Monday The Art Newspaper also reported about these declines in sales and sentiment, saying: “Pretty well everyone in the international art market agrees the trade is slumping. The most pressing question this autumn is whether the slump is a mere cyclical downturn or something more seismic.”
Perhaps apt for the state of the market, it is titled Existential Doubt. The painting is one of the celebrated artist’s earlier works, produced between 1972 and 1975. It was done before Dumas left South Africa for the Netherlands, where she now lives and works.