Frieze, Kiaf Seoul Point to Korea's Recovering Art Market
Organizers said more than 150,000 visitors attended the fairs as galleries reported multimillion-dollar sales and a wider mix of younger collectors.
6 Articles
6 Articles
(Seoul = Yonhap News) Reporter Park Ui-rae = Following the conclusion of the international art fair Frieze Seoul on the 5th, which began on the 2nd, KIAF Seoul also closed on the 6th.
KIAF and Frieze Conclude: Careful Buying Over Ultra-High Prices At this year's Frieze Seoul and KIAF Seoul, ultra-high-priced artworks disappeared, and the market appeared to be adjusting around mid-to-low-priced pieces. Unlike previous years when works worth billions of won sold immediately upon opening, this year saw transactions in the tens of millions to hundreds of millions of won range...
Frieze Seoul and KIAF Seoul, held amidst a slump in the global art market, concluded with transactions continuing across a wide price range, unlike in the past when the focus was on a few ultra-high-priced works.
Coverage Details
Bias Distribution
- 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
