SEOUL, May 9 (Korea Bizwire) — Scattered investment in which multiple investors chip in to buy an expensive artwork has increased significantly over the last three years. Four local online art investment platforms reported via apps and web pages showed that the accumulated value of collective purchasing had reached 96.3 billion won (US$75.6 million). ArtnGuide, [...]
SEOUL, March 7 (Korea Bizwire) — Four out of 10 investors who buy small shares of iconic artworks through online platforms in South Korea are young generations, a local auction house said Monday. Among customers who have purchased a share of a single piece of art worth at least 10 million won (US$8,100) at a [...]
SEOUL, March 4 (Korea Bizwire) — South Korea’s 1-trillion-won (US$823 million) art market is driving consumers to read more books about art investment. Yes24, a leading online bookstore, reported a 549 percent increase in art investment book sales last year, after they fell by 56.4 percent in 2019 and then grew by a mere 5.6 [...]