Kim Whan-ki Painting Sets New Korean Artist Auction Record at Seoul Auction Hong Kong Sale
A painting by Kim Whan-ki (1913-1974) titled 12-V-70 #172 achieved 6.32 billion won (£4.2 million) at Seoul Auction's 20th Hong Kong sale, held at the Hong Kong Grand Hyatt. This result surpassed both the pre-sale estimate of 4.5–5.8 billion won and the previous record of 5.4 billion won, which was also set by a work by Kim in June. According to Kim Yoon-sub, director of the Korean Arts Management Institute, Korean modern art is receiving increased global recognition. He noted this trend includes both established Dansaekhwa artists and contemporary figures like Lee Bul and Suh Do-ho. The sale was reported by The Korean Times.
Key facts
- Kim Whan-ki's painting 12-V-70 #172 sold for 6.32 billion won (£4.2 million).
- The sale occurred at Seoul Auction's 20th Hong Kong sale.
- The auction was held at the Hong Kong Grand Hyatt.
- The price exceeded the estimate of 4.5–5.8 billion won.
- It broke the previous record of 5.4 billion won for a Korean artist's work.
- The previous record was also held by Kim Whan-ki, set in June.
- Kim Yoon-sub commented on the global recognition of Korean modern art.
- He mentioned artists Lee Bul and Suh Do-ho as part of this trend.
Entities
Artists
- Kim Whan-ki
- Lee Bul
- Suh Do-ho
Institutions
- Seoul Auction
- The Korean Times
- Korean Arts Management Institute
Locations
- Hong Kong
- Hong Kong Grand Hyatt