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Korean artwork sold in auction amounts to 98.9 bln won in first half of 2017

All Headlines 16:32 July 03, 2017

SEOUL, July 3 (Yonhap) -- Artworks that have changed hands in the first half of this year through auctions brought in 98.9 billion won (US$8.62 million), the Korean Art Appraisal Association said on Monday.

The data released by the association showed that a total of 9,515 pieces of artwork were sold at 12 local auction houses.

The artwork with the highest auction price so far in Korean art history was "Tranquility 5-IV-73 #310" by the country's late abstract master Kim Whan-ki, which sold for 6.55 billion won during an April auction by K Auction.

Kim has been obviously the most sought-after artist as four of his paintings were among the 10 most expensive paintings sold in auction.

By price, Kim Whan-ki's paintings sold for a total of 14.6 billion won, followed by Lee U-fan's with 5.2 billion won, Chung Sang-hwa's with 3.8 billion won, Park Seo-bo's with 3.48 billion won and Chun Kyung-ja's with 3.14 billion won.

This file photo shows "Tranquility 5-IV-73 #310" by late abstract master Kim Whan-ki, which sold for 6.55 billion won during the April auction by K Auction. (Yonhap)

jaeyeon.woo@yna.co.kr
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