Ethiopian-American Artist Julie Mehretu Sets New Auction Record with $10.7m Sale

Date:

Share post:

Julie Mehretu, an acclaimed Ethiopian-born artist based in the US, has made headlines again by setting a new record for the highest auction sale price for a work by an African-born artist. Her abstract creation, “Walkers With the Dawn and Morning,” achieved an impressive $10.7 million (£8.6 million) at a Sotheby’s auction in New York.

The artwork, a fusion of ink and acrylic on canvas, derives its title from a Langston Hughes poem of the 1920s. Born in Ethiopia, the 52-year-old Mehretu relocated to the US in 1977 amidst political turmoil in her home country. She has since emerged as a leading figure in the burgeoning contemporary African art scene.

“Walkers With the Dawn and Morning,” painted as a response to Hurricane Katrina’s devastation of New Orleans in 2005, showcases Mehretu’s distinctive style, blending architectural drawings, vibrant vectors, and calligraphic strokes. The piece sparked intense bidding at the auction, initially selling for $9.5 million before fees raised the final sum to the record-breaking $10.7 million.

This sale surpasses Mehretu’s own previous record of $9.3 million, set just last month. The auction’s success reflects the rising interest and market value in contemporary African art, particularly abstract works. Hannah O’Leary, head of Sotheby’s modern and contemporary African art department, noted a shift in the art market, moving towards a more discerning phase in appreciating such artworks.

Further elevating her profile, Mehretu was selected earlier this year to design BMW’s next Art Car. Her design will be featured on a BMW car participating in the prestigious 24 Hours of Le Mans race next year, marking another significant milestone in her illustrious career.

Addis Insight
Addis Insighthttps://www.addisinsight.net/
Addis Insight is Ethiopia’s fastest growing digital news platform, providing consumers with the latest news from Ethiopia and its diaspora. We provide marketers with innovative opportunities to leverage our stories and overall brand with a fiercely curious and highly engaged audience.

1 COMMENT

Comments are closed.

Related articles

Stanbic’s Ethiopia Ambition Signals a New Phase in Africa’s Banking Race

Ethiopia’s Banking Liberalization Faces Its First Major Test Ethiopia’s gradual opening of its banking sector is beginning to attract...

IFC Approves $80M Loan to Upgrade Sheraton Addis and Build New Luxury Hotel

ADDIS ABABA — The International Finance Corporation (IFC) has officially finalized an $80 million long-term loan to MIDROC...

Ride-Hailing Giant Yango Expands to Hawassa, Launching First Ethiopian Operation Outside Addis Ababa

HAWASSA, ETHIOPIA — Yango, the international tech company and prominent ride-hailing service provider, has officially launched its operations...

Ethiopia Allows Foreign Investors, Embassies to Import Own Fuel Under ‘Franco-Valuta’

The National Bank of Ethiopia (NBE) has issued a new directive permitting foreign direct investors, embassies, and international...