auction house Archives | Be Korea-savvy

Successful Bids at Seoul Auction Quadrupled This Year

SEOUL, Dec. 28 (Korea Bizwire) – South Korean auction house Seoul Auction said Monday that the total value of successful bids stood at 167 billion won (US$140 million) this year, up almost fourfold from 43.4 billion won a year ago. The successful bid rate estimated at 79 percent, up 10 percentage points in the year-ago [...]

Bidding at Seoul Auction House Hits New high Since Financial Crisis

SEOUL, June 23 (Korea Bizwire) — In a sign of growing demand for artworks, a major auction house based in Seoul saw sales from a recent bidding reach a fresh high since the 2008 global financial crisis. Seoul Auction sold artworks worth 24.3 billion won (US$21.4 million) in the latest bidding held Tuesday, with 87 [...]