Listing Details:

• Business Category:      Art
• Price:                             $1,500,000
  
• Location:                       Midwest, USA
• Employees:                   0
• FF&E:                             $50,000
• Support & Training:        0 weeks 
• Reason for Selling:         Retirement
• Non Compete:               50 Miles for 5 Years
  
  
  

Business Description

The gallery operates as a niche fine art retailer, specializing in African Shona Stone Sculpture, traditional African Masks and paintings.

Competitive Analysis

Competitive Position

The gallery differentiates itself through:

• Authenticity and Provenance: Direct documented sourcing from Zimbabwean artists and family relationships built over 30 years.
• Specialization: Exclusive focus on Shona sculpture—a subcategory with cultural depth, collector interest, and limited competition.
• Scale and Presentation: A 6,500-square-foot showroom, among the largest dedicated exclusively to African sculpture in the Midwest.
• Reputation: Long-standing credibility and recognition among collectors, designers, and cultural institutions.
• Curatorial Expertise: A multi-generational collection that educates customers on the evolution of Shona artistry.

Growth Potential

Macro Market Dynamics

• Global African Art Market Expansion
• • The African art market (modern & contemporary) has grown ~11–15% CAGR since 2018, according to Art Basel & ArtTactic.
  • Total global African art sales exceeded $180M in 2024, with top lots from West Africa and Zimbabwe leading sculpture categories.
  • Shona sculpture remains the dominant form of three-dimensional African contemporary art — prized for its durability, spiritual depth, and artistry.
• U.S. & EU Collector Interest Rising
  • Museum exhibitions like “Sculpting the Spirit: Zimbabwe Stone Art” (Smithsonian 2023) and Chapungu at Kew Gardens renewed Western interest.
  • Younger collectors (30–50) view African art as an underpriced investment class relative to Western contemporary sculpture.

Facilities

6500 Square Foot Gallery

Operating Hours

10:00 a.m. to 6:00 p.m.

Monday - Saturday

Owner Weekly Hours

40 hours per week