Share: Hit hard by the global economic crisis, the Korean art industry suffered practically all year. To make things even worse, it was hit by scandals. The biggest was probably the series of allegations that art was used in lobbying by the National Tax Service executives. Han Sang-ryul, the former NTS chief, stepped down from […]
Share:A leading Korean art auction house sold 73 percent of all artworks offered during its recent auction in Hong Kong, K-Auction said Monday, despite the lingering impact of the Wall Street-sparked financial turmoil on the Asian economy.According to Yonhap News, K-Auction sold 28 artworks from the 40 on the block during the Nov. 29 Asian […]
Share:The Korean art market is reeling from the economic crisis, with the highest bid prices at domestic art auctions plunging 38.2 percent last year. So Jin-su, professor at Kangnam University and manager at an art market researcher, on Monday released a report on Korea’s art market in 2008, which said the sum of the highest […]
