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Sunday 28 February 2021 - 10:41am
eNCA s Aviwe Mtila reported on investment art. Courtesy of #DStv403
JOHANNESBURG - South Africans can now use artwork to exchange wealth through cultural practices like lobola.
Art collectors, both seasoned and new, are looking to visual arts to diversify their investments.
And now it seems African tradition, such as lobola, is realising this and tapping into art as an investment. During lobola, a great deal of money is exchanged between the families during the negotiations. Instead of using cows now, and we re seeing the trend picking up gradually, is that people are actually using artworks, said artist Mncedi Madolo.