Tuesday, 10 March 2020

Mulling Over Art: Tayali goes for K27,000 at auction


AFTER an animated bidding war between Chilambwe Lwao and Justine Chola, two well-known Zambian art collectors, a painting by Lusaka-based artist Geoffrey Phiri sold to the highest bidder, Chola for a handsome K18,000 (eighteen thousand kwacha).
But taking the top spot in the art auction at Tace Zambia Ltd (The Auction Centre) on Kafue Road in Lusaka on Saturday, February 29, was an abstract painting by Zambian modern master Henry Tayali (1943-1987) that went under the hammer for an arguably acceptable K27,000. This painting also went to Chola.
Tayali is not only considered the most famous Zambian artist outside Zambia, the Henry Tayali Visual Art Centre and the Henry Tayali Award for Best Two-Dimensional Visual Artist presented during the National Arts Council of Zambia’s Ngoma Awards are named after him.
Advertised and presented as “Artworks and Sculptures Auction Sale duly instructed by Bank of Zambia – Liquidation Auction Sale on behalf of Access Financial Services in liquidation”, the public sale featured 26 sculptures, and close to 60 paintings, drawings and photographs by Zambian artists.
In what can be described as a theatrical movie, another Lusaka-based artist, Mwamba Mulangala successfully bid K10,600 for his own painting, a work that he created during his formative years. According to the artist he aimed at rescuing the painting “from expedience of standards lower than desirable – especially that I value and know the worth of my work”. Mulangala, like a few others present at the auction, felt most of the artworks were undervalued.
Other notable works in terms of fetching were an abstract painting by Vincentio Phiri at K12,000, a William Miko sold for K5,000, a Lutanda Mwamba for K6,000 and two Enock Ilunga’s for K6,000 and K4,000 respectively.
The auction also featured works by Mulenga Chafilwa, Patrick Mumba, Victor Makashi, Dominic Mwamba Yombwe, D. Holthuyesein, Laurey Nevers and Cynthia Zukas of which prices ranged between K1,000 and K2,000.
In terms of numbers, the late Peter Maibwe’s work featured prominently with close to 20 works of which one might agree were grossly undervalued for an artist of his prominence in Zambian art historical terms. Similarly, sculptures by two of Zambia’s foremost sculptors, David Chirwa and the late Friday Tembo were equally undervalued, some going for as little as K500. However, most of the stone and wood sculptures also appeared to be in bad shape, a few were broken while most were scratched.
While auction houses pride themselves for selling things on an “as is basis”, meaning take it or leave it, specialised art auctioneers in the global art world are known to restore works close to their original condition. This was not the case at Tace Zambia Ltd. Likewise, the world’s leading auction houses such as Christie’s, Sotheby’s or Strauss & Co (South Africa) own or work hand in hand with galleries and publish detailed catalogues complete with short essays, artists’ biographies and descriptions of the work. These catalogues, which of course include lot numbers for the bidding process are distributed to a mailing list of collectors and also circulated on websites long before a pre-auction exhibition of the artworks is held. The pre-auction exhibitions that are open to the general public (just like the auctions) usually last for up to a week, this allows the bidders to engage with the work before they make the decision to bid for it. Finally, on the auction date, bidders would have come to the event well informed on what is available, such as the provenance of the artwork as well as the estimated asking prices.
While all this may have not happened so accordingly at Tace Zambia Ltd, it would be unfair to fault the auction house that was handling art for the very first time. The Auction Centre, as it is called, usually handles the sale of household goods, industrial items, motor vehicles and real estate, so surely this was a learning curve. If anything, operations executive Richard Chefu and his dedicated team did a brilliant job in executing their auctioneering duties with much enthusiasm to an equally enthusiastic audience of artists, art lovers and collectors that included eager beginners and more seasoned collectors such as representatives from the Lechwe Trust Gallery who also bagged a few of the works on sale.
The auction can perhaps be used as a litmus to test out the possibilities and downsides of selling art through an auctioneer’s lens in Zambia. It also invites us to look afresh at the viability of art auctions on the Zambian art scene and probe whether auction houses can help do something that art galleries as go-betweens seem to be struggling to do. This is not to endorse the commodification of art per se, but in an art context that does not really have adequate support structures for the production, display, distribution and sale of artworks. Auctions sound like a good alternative. After all, artists need money in their pockets. - [THE MAST ONLINE]

Wednesday, 4 March 2020

Zambian Kwacha Reaches Parity With Rand After Steep Drop: Chart

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For close to three decades, Zambia’s currency would buy you more U.S. dollars than South Africa’s rand. The kwacha’s steep decline in the past five years has changed that: it’s been trading on par with the rand since the end of last year. That’s driving up costs in a country that buys almost a third of its imports from South Africa, which, in turn, pays dollars for most of the goods it purchases abroad. - Bloomberg


Zambian kwacha's relentless decline has caught up with South Africa's rand

Wednesday, 26 February 2020

DEC gets hands on Bugatti?


A statement circulating on social media indicates that the DEC has seized the popular advertising prop of the week. Read the following press statement:- 



Bugatti hot business advertising prop in Zambia

In the past week, there has been a lot of social media hype about the Bugatti that landed at KIAA. 

The Zambian business community did not want to be left out. You can check out the following flayers. Let us know in the comments the advert you prefer, and why?






Tuesday, 14 January 2020

100+ Zambian Youtubers to Watch 2022

Please scroll down and patiently wait for the list of Zambian YouTube Channels to load. 


   A thread off Twitter


Top Zed (Zambian) Brands updates this list as we find more Zambian YouTube channels. Know a Zambian YouTuber you want us to add? Tag/Follow us on Twitter 











































Friday, 3 January 2020

What is Top Zed Brands About?

For a while now, most of our readers across Zambia and the globe, have asked these questions. So, with this short blog post, I hope I can remove the cobwebs and set you on the path to everlasting knowledge and light. Hopefully, you grasp what this project is about.









Top Zed Brands was born on social media via a weekly chat on Twitter known as 'Insaka Chat'. Where a wide range of social issues relating to Zambia is discussed. That was in 2013. Today we have a modest following on our twitter (@TopZedBrands) account. Check out our twitter handle and interact with us. We are keen to know your views re quality Zambian products and services.


BUY


We have been around for four years now. By now we hope you know or at least have an idea who we are. If not please take a few minutes to have a look at our 1,2,3...


Explains to you, where we came from, what and who we are. Where we hope to go.


Tells you exactly what we aim to achieve and how.  We continue to grow and learn with your continued support. We want you to take pride in Zambian made products and services across the nation. We need you to take the lead in naming and identifying Zambian products that you love and support.



A proud moment for us was when we managed to get An interview with FLAVA FM's Tha Jayman. Please take a moment to listen.


For further information, feel free to contact us via Twitter @TopZedBrands.


Thanks for reading and keep buying Zambian. 




Sunday, 1 September 2019

60% of ZNBC now owned by China.

A Zambian High Court has ruled in favour of satellite pay television company MultiChoice Zambia over the joint venture between the Zambia National Broadcasting Corporation (ZNBC) and Chinese digital television service provider TopStar Communications.

The joint venture, entered into by the two companies earlier this year, means TopStar owns 60% shares in ZNBC and empowers the company to collect all ZNBC advertising and tower rental revenue for the next 25 years.

TopStar owns 60% shares in ZNBC and empowers the company to collect all ZNBC advertising and tower rental revenue for the next 25 years.
The revenue collected will go towards the servicing of a US$273 million loan secured by the Zambian government from the Export-Import Bank of China for investment in the digital broadcasting networking and the building of provincial studios.

The alliance also paves the way for the rollout of TopStar-branded set-top boxes for digital television and has reportedly resulted in the prevention of over 400,000 subscribers from watching local channels on MultiChoice’s GOtv decoders – despite a longstanding agreement with ZNBC regarding the free-to-air channels.

Although the deal sparked anger among stakeholders, including opposition political parties, the government, through the Minister of Information and Broadcasting services Kampamba Mulenga, said its decision on the joint venture “will never be reversed.”

Following the standoff, MultiChoice Zambia, via GOtv, decided to take the matter to court seeking a declaration that the operation of a public signal network by TopStar is illegal and unlawful.

The satellite TV company also wants the court to grant it an injunction restraining ZNBC from interfering with the local channels airing as free-to-air until the matter is fully determined.

TopStar had applied to the court for the matter to be dismissed because it lacked merit.

However, High Court judge Gertrude Chawatama ruled that the matter should proceed to trial because GOtv had shown sufficient grounds.







Saturday, 20 July 2019

Zambian president fires finance minister

Zambia’s president has fired Finance Minister Margaret Mwanakatwe and appointed central bank deputy governor Bwalya Ng’andu to replace her, the president’s office said. 

The statement, issued on Sunday night, gave no reasons for President Edgar Lungu’s decision and there were no immediate comments from Mwanakatwe, who only took up the post last year, or from Ng’andu.

Ng’andu will take over the management of an economy the International Monetary Fund has repeatedly warned is struggling with high debts and shrinking foreign exchange reserves.

External debt rose to $10.05 billion at the end of 2018, compared with $8.74 billion a year earlier. Zambia is trying to shrink a fiscal deficit that amounted to 7.5% of gross domestic product last year.

The government also faces tensions with miners who say taxes it has imposed will stymie investment and hit output in Africa’s second-largest copper producer.

Ng’andu has previously served as managing director of the Development Bank of Zambia, managing director of the National Savings and Credit Bank and director-general of the Zambia Investment Centre.

He will be sworn in on Monday, President Edgar Lungu’s spokesman Isaac Chipampe said.