Art News. Vasari Codex

trending_up market schedule May 18, 2026 visibility 6 link 7 artists, 2 galleries

Korean modern masters lead K Auction’s May sale

K Auction will hold its May sale on May 27 at its headquarters in Sinsa-dong, Seoul, offering 83 works by Korean modern and contemporary masters with a combined estimated value of around 10.4 billion won. Highlights include Suh Do-ho's large-scale installation "Cause & Effect" (estimated 280 million to 600 million won), Kim Whan-ki's untitled 1969 painting from his New York period (estimated 780 million to 1.5 billion won), and Yoo Young-kuk's abstract landscape "Mountain" from 1988 (estimated 400 million to 800 million won). The sale also features works by Dansaekhwa artists Yun Hyong-keun, Park Seo-bo, and Lee Ufan, alongside contemporary artists Angel Otero, Anna Park, and Woo Kuk-won.

newspaper The Korea Herald open_in_new Read original

New Seoul art fair HIVE drops booth fees in market experiment

The inaugural HIVE Art Fair in Seoul, opening May 21 at COEX Magok, is testing an alternative business model that eliminates fixed booth fees. Instead, galleries can choose which services and installations to pay for through a "selective purchase system," with the fair relying on ticket sales, corporate partnerships, and promotional lounges for revenue. The fair features 48 galleries (36 South Korean, 12 international) and 158 artists, with no overlapping artists between galleries, and will display exhibition titles and curatorial statements alongside gallery names.