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Tag: Lee Ufan
Auction Industry
Kim Whan-ki's New York-Era Works to Sell at Auction
Works painted by Korean abstract artist Kim Whan-ki during his time in New York will soon appear at auction. Artist Kim is the highest-priced artist in Korean art auction history, and his work Universe was sold for about HKD 88 million (KRW 13.2 billion, excluding purchase fees) with Christie's Hong…
Auction Industry
A Buyer’s Market: Total Amount of Successful Bids for Korean Art Auction Market in 4Q 2022 Decreased by 61%, KAAAI Says
Recently, the Korean art auction market has turned to a buyer's market where buyers have priority in price negotiations. However, even in this aspect, the demand for works by Lee Ufan, a world-renowned artist, still remains. According to the Art Market Report 4th Quarter 2022 released by the Korea Art…