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Tag Archives: Art as investment

Linda Wrigglesworth collection under the hammer

04-Nov-08

Linda Wrigglesworth collection under the hammer

Last year during Asian Art in London I paid Linda Wrigglesworth a visit. She has an interesting collection of antique textiles and Korean costume alongside her own more modern takes on the oriental style. I particularly liked the rather fine 19th century purple official's robe (below), not that I would have a use for it for everyday wear. For decorative wall-hanging though she has some beautiful pojagi - decorative wrapping cloths (example right). Wrigglesworth's complete Korean collection is coming under the hammer during this year's Asian Art in London, at an auction at Christies on 6 November. At their South Kensington sale rooms (85 Old Brompton Road) at 10:30am her collection is included in the sale of Japanese Art and ...
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A Park Soo-keun comes up for sale

30-Sep-08

A Park Soo-keun comes up for sale

"80% of Korean art buyers are pure speculators", says Juhl Joohyun Lee, director of Arario Gallery. And with Lee Kun-hee having stepped down from the chairmanship of Samsung and allegations flying that an illegal slush fund was used to buy works for his wife's Leeum museum, Samsung has stopped buying art. So says the FT (Korean buyers hit by chaos on the markets, 27 Sept 2008) in its report from the Korean International Art Fair last week. "Visitors were thin on the ground, and buyers even rarer." Let's hope the current financial turmoil doesn't dim the appeal of one of Korea's most popular artists, Park Soo-keun. Having been in private hands since its original purchase in 1956, Park's painting of a ...
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Recycled jeans raise $232,000

27-May-08

Recycled jeans raise $232,000

Records were tumbling at the Christie's auction of contemporary Asian art in Hong Kong on 24 May. As was to be expected, most attention (and cash) was focused on Chinese artists, but auction records were also set for individual artists from Indonesia, India and South Korea. One of the Korean artists featured was Choi So-young (b 1980), who has a show coming up at the Union Gallery later this year. Choi specialises in creating panoramic landscapes out of recycled denim. Her 3 meter wide cityscape (below) was sold for the equivalent of USD232,714. The Union Gallery are still collecting your old jeans to be transformed into Choi's next creation. See here for details. Other artists whose work was sold last week were (images ...
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New record price for Korean painting

29-May-07
Every few months there's another news item in the Korean press about a new domestic record price paid at auction for a Korean painting. And each time, the artist is Park Soo-keun (Bak Su-geun, 박수근) (1914-1965). The most recent record was set this month (22 May), at W4.52bn: Park Soo-keun: A Wash Place (Oil on canvas, 37 x 72 cm) The previous record was for Park Soo-keun's "Woman at a Marketplace" (24.9 x 62.4 cm) which sold for W2.5 billion at K Auction in March: Park's paintings are also in demand internationally. His "Leisure Time" fetched $1.128 million at Christie's in New York on 24 March 2003, according to the International Herald Tribune, just exceeded a year later by his "Seated Woman and Jar" ...
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The Rise of the Korean Art Market

30-Jan-07
The Korea Times records how the Korean Art market is beginning to boom. Perhaps carried on the coat-tails of the ebullient Chinese art market, prices for major Korean artists are edging up. Lee Ufan is one of the hot artists, and also Park Soo-keun, Kim Whanki and Chang Uc-chin. And last year Elton John made a nice return on a Bae Bien-u photograph. An important indicator of the rise in the Korean Art market is the increasing exposure of contemporary artists in the West. Taking the UK as an example, the current Asia House show is one of the first exhibitions to have invited Korean artists to participate, with works specially commissioned for the show. And 2007 will see no less ...
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Korean art the latest hot investment

03-Apr-06
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 Related posts:New record price for Korean painting Every few months there's another news item in the Korean...Korean protests baffle Belgians I can't put it better than the Chosun Ilbo's own...60% of Koreans can’t use chopsticks Another choice item from the Chosun Ilbo.... Related posts brought to you by Yet Another Related Posts Plugin.
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