Festering conflict between galleries, auction houses laid bare in giddy Korean art market
Arts&DesignJan 4, 2022
As the art market grows exponentially in South Korea, the tension between primary and secondary players has heightened with galleries uniting to launch an auction event in late January, claiming the country‘s major auction houses have violated a “gentlemen’s agreement” struck in 2007. The Galleries Association of Korea announced Monday that it will hold an auction on Jan. 26 at the Westin Josun Seoul with an aim to protect the art market, particularly young artists. S