When Seoul Auction held its inaugural auction in Hong Kong in 2008, there was only a “single goal” in mind to herald Korean art to the global art scene, introducing it to new collectors in Asia. For the past 16 years, the resolve has remained firm for Korea’s leading auction house. On Monday, at Grand Hyatt Hong Kong, the auction house kicked off a preview of its "Contemporary Art Sale&rdquo.
HONG KONG - The Korean art market has not been the first choice for collectors over other options like the U.S., Hong Kong or the U.K. when art auction season starts. But with Korea s increasing cultural footprint in the world, demand for Korean artworks has also grown. The latest indication of this trend is Frieze s art fair that was held in Seoul in September of this year, which was the first-ever art fair in Asia that drew over 110 galleries.