The weak rand is making the South African art market attractive to investors, according to Frank Kilbourn, chairman of domestic auction house Strauss & Co. three of contemporary South African artworks are sold to foreign buyers, Kilbourn said, adding that the devalued currency and relatively low prices are boosting interest from abroad.
The weak rand is making the South African art market attractive to investors, according to Frank Kilbourn, chairman of domestic auction house Strauss & Co. About half of contemporary South African artworks are sold to foreign buyers, Kilbourn said, adding that the devalued currency and relatively low prices are boosting interest from abroad.