Saint Helena, California, Feb. 1 (Korea Bizwire) — The Napa Valley Vintners has brought together a stunning collection of nearly 100 exclusive library wine lots for its inaugural Direct from the Cellar: Napa Valley Library Wine Auction. Taking place February 11-20, the auction showcases Napa Valley’s excellence in winemaking. “Wines from Napa Valley stand for [...]
SEOUL, May 27 (Korea Bizwire) — High-profile auctions of two ancient Buddhist treasures in Seoul on Wednesday failed to attract any bidders. The auctions of Gilt-bronze Standing Buddha and Gilt-bronze Standing Bodhisattva, both owned by Kansong Art Museum, were held at the K Auction headquarters in southern Seoul. Bidding began at 1.5 billion won (US$1.23 [...]
SEOUL, April 24 (Korea Bizwire) — A Korean-bred racing horse has been put up for auction through YouTube live broadcasting for the very first time. A landscape changed by the coronavirus outbreak, YouTube live broadcasting is being spotlighted as a new platform for ‘untact’ methods of exchanging animals. An auction for Korean-bred racing horses, held [...]
HONG KONG, Nov. 24 (Korea Bizwire) — A major dot painting by late South Korean abstract master Kim Whan-ki sold for HK$88 million, or 13.2 billion won (US$11.2 million), in a Christie’s auction in Hong Kong on Saturday. It was the first time that a South Korean painting had fetched more than 10 billion won [...]
SEOUL, Nov. 5 (Korea Bizwire) — Two consortia led by cosmetics-to-airline conglomerate Aekyung Group and construction firm Hyundai Development Co. (HDC) will be major competitors in the final auction for a stake in Asiana Airlines Inc., industry sources said Tuesday. A 31 percent stake in Asiana Airlines has been up for sale, and lead manager [...]
SEOUL, Sept. 23 (Korea Bizwire) — After a work by late Korean abstract master Kim Whan-ki set an auction record last year, another major dot painting by him will be put up for auction in Hong Kong in November, an auction house said Monday. One of Kim’s major works, “05-IV-71 #200,” titled “Universe,” will be [...]
SEOUL, Sept. 11 (Korea Bizwire) — Four South Korean bidders have made the shortlist in an auction to acquire Asiana Airlines Inc., the country’s second-biggest full-service carrier, industry sources said Wednesday. Cosmetics-to-airline conglomerate Aekyung Group, a consortium formed by Hyundai Development Co. and Mirae Asset Daewoo, another consortium led by local activist fund Korea Corporate [...]
SEOUL, Jul. 24 (Korea Bizwire) — Kumho Asiana Group, a South Korean airline-to-petrochemical conglomerate, looks set to begin the process of selling its airline unit this week as part of broad restructuring efforts, industry sources said Wednesday. “The group is likely to give a public bidding notice on Thursday or Friday to sell its entire [...]
SEOUL, Jun. 11 (Korea Bizwire) — The average number of home auctions throughout South Korea has surpassed 5,000 cases over the last two months. According to GG Auction, a South Korean court auction firm, the number of auctions of residences throughout the entire country reached 5,261 cases last month, surpassing 5,000 for the second month [...]
SEOUL, Jun. 2 (Korea Bizwire) — Kakao Corp., Netmarble Corp., and three private equity firms submitted final bids for the parent of South Korean gaming firm Nexon, in possibly one of the biggest gaming deals worldwide, financial sources said Sunday. In an auction that closed on May 31, mobile messaging app Kakao, Korea’s No. 2 [...]