Robert Mbonu and the N200 billion Nigerian art market

The Nigerian art market is valued at around $144 million, which translates to approximately N200 billion. Robert Mbonu, a stylish former banker and art collector, is set to revolutionize this market. Robert plans to launch Nigeria's first exchange solely dedicated to trading iconic works of art. This exchange will review and funnel valuable pieces to prominent global galleries and auction houses, thereby boosting artists' revenues, standardizing valuations, and enhancing the international recognition of Nigerian artists.

Robert is transforming his elegant Ikoyi home into a private collectors' den, featuring exhibitions, discussions, and deals. He is an accomplished collector with an impeccable eye for iconic pieces, many of which are displayed in his exquisite mansion. The market is currently underserved, according to Robert, who aims to generate revenue through sales, auctions, art lending, art securitisation, and front-loading.

Three major international auction houses have already signed up with him. Robert's journey from his successful banking career to his current venture began with a peak position as the Managing Director of the old Societe Generale Bank, where he facilitated its merger with another entity, leading to the formation of Heritage Bank.

Robert then pursued advanced education in the US and UK before returning to Nigeria. With his expertise in risk management, Robert is poised to bring his skills to this new venture, promising to financially curate this vast potential and elevate its engagement.