The business weekly, Fortune has carried a front page news on art sale at the recent Sheraton Addis’s Art of Ethiopia exhibition. The paper in today’s issue disclosed the most prized sale of the exhibition, a work by Mezgebu Tessema, pictured on the top, that fetched 110,000 Br. The painting was secured by Sheraton Addis. However, the pricey painting displayed at the exhibition was by Afework Tekle, tagged with a price of over a million Birr. It was not sold, though. The painting depicting a beautiful young woman, pictured here in the right, was by Daniel Taye; it was bought by Dreje Yesusework (Jambi), a close confidant of Shiekh Mohammed Ali Al-Amoudi, for 35,000 Br, the paper disclosed.
The artists whose works have been sold have agreed to “contribute portion from the proceeds of their sales towards establishing the Sheraton Art Endowment Fund”, according to Jean Pierre Manigoff, general manger of the Sheraton Addis.