Korean art the latest hot investment

by Philip Gowman on 3 April, 2006

in Bae Bien-u, General arts news

Bae Bien-u: From Pine Tree

Elton John made a shrewd 80% profit in one year on his investment in Korean art, according to the Chosun Ilbo. A photo by Bae Bien-u, From Pine Tree, bought last year for $27,000, was sold for $48,000 in New York’s first ever auction of contemporary Korean art at Sotheby’s last week.

Picture: From Pine Tree by Bae Bien-u, from Chosun Ilbo

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Tagged as: Art as investment

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