Art market Magazine May 2016

 
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€50,000 Sung-Pil Chae (b.1972),
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€50,000 Sung-Pil Chae (b.1972), "The Origin" (130906), 2013, clay, pigment and Indian ink on canvas, 170 x 138 cm. Paris, Drouot, 6 April, Boisgirard-Antonini auction house

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TRENDS

In the "Land of the Morning calm"
or the last few months, France has been discovering all the richness of Korean painting with a certain wonder. Several exhibitions staged
throughout the country as events in Korea Year have enabled people to appreciate all its beauty, like "Paper Tigers" at the Musée Guimet, "Seoul Paris Seoul" at the Cernuschi, and "Dansaekhwa. L’aventure du monochrome" at the Domaine de Kerguéhennec. This recognition is clearly visible on an international scale. The painting that developed during the 20th century in the "Land of the Morning Calm" is enjoying real popularity. "Korean artists have gained a global audience thanks to the interest evinced more than ever by collectors all over the world, especially for Dansaekhwa monochromes, which are now being re-evaluated. Leading museums and galleries have had their eyes glued to this movement since 2014", says Jackline Jiae Byun, a specialist in modern and contemporary art at K-Auction. This Korean auction house founded in 2005 is now rivals Seoul Auction, an older establishment, and holds its own against Christie's and Sotheby's in the Hong Kong marketplace. During the next Frieze New York,

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it is presenting an exhibition entitled "Korean Abstract Art: Early Work". 2014 seemed to be a turning point. That year, two galleries – the Blum & Poe in Los Angeles and the Kukje Gallery in Seoul – devoted their programmes to Dansaekhwa, a pictorial movement that arose in the Seventies, with ambassadors in the shape of Lee Ufan, Park Seo-Bo, Chung Chang-Sup and Chung Sang-Hwa. Several events were staged in the wake of these two exhibitions and the presentation of Korean works at Frieze Masters in London – in particular one at the Palazzo Contarini-Polignac in 2015 during the 56th Venice Biennial, also dedicated to Dansaekhwa. This event, devised in collaboration with the Kukje Gallery and Tina Gallery of New York, was a success with critics and public alike. "After this show, several top museums and galleries contacted us, also wanting exhibit these artists," says the Kukje Gallery, one of the main promoters of the Korean movement, adding, "International interest has grown considerably, especially with museums. Leading institutions like the MoMA, the Solomon R. Guggenheim Museum, the Art Institute of Chicago, the Dallas Museum of Art, the Hirshhorn Museum and the Smith-

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Art Market Magazine May 2016
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