Mandela painting sets record

2013-01-20 11:46

Johannesburg - A portrait of former president Nelson Mandela set a new price record when it fetched R3.7m on auction at a recent ANC fundraiser, it was reported on Sunday.

The City Press reported that this was the highest price ever paid for a work by a living South African artist at a local auction.

The painting, Charity Begins at Home by Sifiso Ngcobo, was bought by Mining Minister Susan Shabangu, on behalf of a mining magnate.

According to the newspaper, the record had been held by William Kentridge, whose drawing The Film sold for R2.2m on auction in Johannesburg in 2011. City Press reported that the only work by a living South African artist to have fetched more than R3.7m on auction anywhere in the world was Kentridge's Preparing the Flute, which sold for more than R5m in New York two years ago.

Ngcobo told the newspaper a portrait he did of President Jacob Zuma was sold for R1m to a businessman at an ANC dinner in Mpumalanga in December. It was the first in a series of 12 ANC leaders.

He said he had received a percentage of the profits from the auction, and that the ANC had commissioned a second Mandela portrait for the losing bidder, who would pay R3.5m.

  • vaatjie.vanderwatt - 2013-01-20 11:52

    Mining magnate...? Anonymous and maybe better like that...

      derek.francois.3 - 2013-01-20 12:23

      She's as corrupt as the rest of them - should read paid for by mining magnate as a thank you for mining licenses granted...

  • Strikeback - 2013-01-20 12:02

    How can the minister spend so much money on behalf of someone else. We need to know who rhis mining magnate is. If not related, the association is improper. If related the minister must resign. I trust the miners at rhis mine gets paid R16 500 per month.

  • Sechaba30 - 2013-01-20 12:05

    On behalf of an anonymous mining magnate. mmhhhhh, I suspect the one who was bidding for a R18 m Buffalo.

      themba.thwala.775 - 2013-01-20 12:27

      Gatsheni, Mr Buffalo Ramaphosa

  • michael.taylorw - 2013-01-20 12:06

    who cares, as long as it was not our tax money

  • Gideon.Viljoen - 2013-01-20 12:26

    If I had that kind of money to spend I will also pay so much and evan more for the only really good, honest, loving, one of a kind Madiba. For Zuma's painting I will pay the R1m without the"m".

  • johnwilliam.roberts - 2013-01-20 12:28

    this news is 2 weeks old wake up and start putting up to date news on you morons !!

      basil.jacobs1 - 2013-01-20 13:03

      Not all us have time time to watch the news on a 24 hour basis. It takes a greater moron to recognise his own sort.

  • basil.jacobs1 - 2013-01-20 12:59

    If this mining magnate did not buy the painting and in so doing enrich the coffers of the ANC, She would have revoked his "Business Rights". My guess is that this unnamed person has his fingers into the mining sector cookie jar.

  • amanda.terblans - 2013-01-20 13:04

    wonderful give the money to the HIV center to keep it open !

  • bone.marrow.501 - 2013-01-20 13:22

    Where's Mandela?

  • paul.cobb.399 - 2013-01-20 13:25

    hahaha the losing bidder almost got away but he forgot about how greedy the anc is, now they have commissioned a new painting just for him :-)at least the anc is being very transparent with their "fund raising"

  • Flippncool - 2013-01-20 13:40

    One of the most pathetic portraits I've ever seen. Not worth R50.

  • Glen.E.Huysamer - 2013-01-20 15:07

    When we see how mixed up our politicians are with big boss minning magnates we really have to step up and realize that we have to Nationalize our mines and at the same time rid ourselves of the ANC sell outs.

      kortbroek.duplessis - 2013-01-20 16:04

      Good luck with that everything the ANC touch turns to feaces. Doing something techinically complex such as mining would definitely be no exception.

  • cobus.enslin - 2013-01-20 15:37

    I love Tata Mandela and I love art. Maybe those knowledgable in art should be entrusted to determine the value of art for whatbit is. ART! Not a political statement! Paying R 3.5 to any political fund raiser for a painting based on a failed bid speaks for itself! Please dont call it Art! Sad day for South African Artists!

  • pws69 - 2013-01-20 16:05

    "Mandela painting sets record" or How to legally pay a bribe.

  • Michael Kleber - 2013-01-20 16:31

    i think the spear would have fetched more

  • rob.tubbs.39 - 2013-01-20 17:25

    MADIBA is worth a lot more than that...........

  • mo.haarhoff - 2013-01-20 19:19

    Old news.

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