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Art prices drop as rich favour wine
From left: African Golfing Lady by Kioko Mwitiki, Bust of African Queen by Robison Kamwathi, and A girl and her pet by Kioko Mwitiki at the Kioko Art Gallery. PHOTOS | POOL
The super-rich bought fewer artworks, compared to rare whisky, wine, classic cars, coins, and jewellery, a new wealth report has shown.
The wealthy’s appetite for artworks has been growing over the years as most seek to spruce up their homes with rare pieces or buy to resale, but it is gradually dropping.
