Seoul Auction, a major auction house in South Korea, has opened an exhibition highlighting modernist design led by prominent 20th-century architects and designers, with a particular focus on the works of French architect and designer Jean Prouve.
For the first time in South Korea鈥檚 art auction market, the residency of an apartment in a luxury complex in southern Seoul will go under the hammer...
South Korea鈥檚 art market is estimated to mark about 532.9 billion won ($410.2 million) for the first half of 2022, according to a report by the Korea Arts Management Service last week.
Four out of 10 investors who buy small shares of iconic artworks through online platforms in South Korea are young generations, a local auction house said Monday.
The competition ratio for K Auction鈥檚 public offering recorded 1408.33:1 during the two-day public offering session, raising more than 5 trillion won ($4.2 billion) in subscription deposit, according to IR Kudos on Thursday.
Seoul's biggest auction houses have allegedly violated an agreement made with Galleries Association Korea to ensure "healthy balance" within the art market
Japanese contemporary artist Yayoi Kusama broke another auction record in South Korea, with her painting 鈥淧umpkin鈥 fetching 5.45 billion won ($4.58 million), the greatest sum of all works sold on the block in Korea this year.
In a sign of growing demand for artworks, a major auction house based in Seoul saw sales from a recent bidding reach a fresh high since the 2008 global financial crisis.
A rare painting by Korean folk painting master Kim Hong-do from the Joseon era (1392-1910) has returned to Korea after decades, finding a new owner in the home country.