Photo : YONHAP News / Seoul Auction
Mark Chagall's 1937 painting "Bouquet de Fleurs" sold for nine-point-four billion won, or six-point-38 million U.S. dollars, at an auction in southern Seoul on Monday.
Seoul Auction said the painting, which depicts a couple embracing midair against a backdrop of a bouquet, had sold for the highest price ever paid for a Korean art piece at auction.
The sale exceeded the seven billion won sale price of the “Blue-and-White Porcelain Ojoryongmunho Jar” facilitated by My Art Auction in 2023.
The painting also surpassed Kim Whan-ki's “Tranquility 5-IV-73 #310,” an abstract dot painting that sold for more than six-point-55 billion won at a K Auction in 2017, setting a new record in the modern and contemporary art category.
During the latest Seoul Auction, Chagall's "Paysage de Paris" sold for five-point-nine billion won, or roughly four million dollars, and Kim Whan-ki's New York-era "15-VI-69 #71 I" sold for 700 million won.
Lee Ufan’s “With Winds” sold for 910 million won, or more than 618-thousand dollars.
Seoul Auction said 17 works sold during its Monday evening event, generating 23-point-three billion won, or more than 15-point-eight million dollars, marking its most profitable auction since its 20-point-three billion won achievement in August 2021.