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Strauss & Co withdraws its participation in the Cape Town Art Fair

5 Nov 2014

It is tradition world-wide that auction houses do not actively participate in art fairs. With the special circumstances surrounding the Cape Town Art Fair planned for February 2015, it was initially felt that the active participation of an auction house by way of conducting an auction at the time of the fair would enhance the fair besides presenting an active second-tier market for contemporary South African art.

On review, the idea of an auction at the time of the fair has not gained the support of all the participants. Under the circumstances, Strauss & Co have thought that in the best interests of the art fair they withdraw their participation.

Stephan Welz, Managing Director of Strauss & Co released the following statement:“This development has come somewhat as a surprise and indeed a disappointment to us but I have no doubt that we can continue to play an important role in promoting the contemporary art market in our normal course of business. I must also stress that we support the Cape Town Contemporary Art Fair wholeheartedly and wish the organizers and participants every success.“

Bina Genovese
Executive Director
083 680 9944


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