Written by 11:26 AM Lifestyle

Estimated at $10 million… Will Kim Whan-ki’s artwork set a new auction record?

November Christie’s New York ‘Auction of the Stars’
Kim Whanki’s ’19-VI-71 #206′, Estimated at 10.7 to 14.2 Billion KRW
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Kim Whanki's '19-VI-71 #206'.

Kim Whanki’s ’19-VI-71 #206′.,
, ‘A work by Kim Whanki, a leading figure in Korean modern art, will be presented at the ‘Auction of the Stars’ in New York, USA. The estimated price is 7.5 to 10 million dollars (approximately 10.7 to 14.2 billion KRW). There is attention on whether Kim Whanki’s ’05-IV-71 #200 (Universe)’, which set the record for the highest price for a Korean artwork at 13.2 billion KRW in 2019, will be surpassed.’,
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, ‘Christie’s announced on the 21st that Kim Whanki’s ’19-VI-71 #206′ will appear in the ’20th Century Evening Sale’ in New York on November 17th. The piece was created during the artist’s peak period in 1971. Measuring 203cm by 254cm, it features Kim’s signature blue hue and a radial pattern of dots covering the entire canvas, making it a representative work of his. It was also featured in the ‘Korean Art DNA’ exhibition held at the National Museum of Modern and Contemporary Art, Deoksugung, in 2021.’,
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, ‘The estimated price has been set at 7.5 to 10 million dollars (approximately 10.7 to 14.2 billion KRW). Christie’s explained, “Only about 30 large-scale works over 200 ho (pyeong) by Kim Whanki were created during this period, adding to its rarity.” The highest auction price for a Kim Whanki piece and the record for any Korean artwork is held by ‘Universe’, which was sold for 13.2 billion KRW at Christie’s Hong Kong in 2019. The local art community is keenly watching the outcome of this auction.’,
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, ‘Referred to as the ‘Auction of the Stars,’ the ‘20th Century Evening Sale’ held twice a year in New York by art giants Christie’s and Sotheby’s features the most expensive works across all art auctions worldwide. Most high-price bids reported by the international press are concluded here.’,
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, ‘This is the first time a Korean artwork will be featured in this auction. Lee Hakjoon, representative of Christie’s Korea, remarked, “It is deeply moving that a work of Kim Whanki, who was active in New York, is once again appearing in New York’s most important auction 50 years after his passing.”’,
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