(LEAD) South Korea’s largest art market opens in Seoul

(ATTN: UPDATES throughout the opening of the art fairs, visit of the Minister of Culture to the fairs in the last 2 paragraphs; ADD photos)

SEOUL, Sept. 2 (Yonhap) — Two major international art fairs kicked off Friday in Seoul, bringing together a total of 350 galleries from around the world.

The 21st Seoul Korea International Art Fair (KIAF) and the first Frieze Seoul, a prestigious international contemporary art fair organized by leading art platform Frieze, opened simultaneously at COEX in South Seoul at 2 p.m. hours.

Frieze Seoul will run until Monday on the third floor, while KIAF Seoul will last until Tuesday on the first floor. But only VIP ticket holders can visit the events on day one while general viewing begins on Saturday.

At Frieze Seoul, 110 galleries from 21 countries, including leading galleries like Gagosian Gallery, Perrotin Gallery and Hauser & Wirth, will participate in the first Frieze event to take place in Asia. Frieze is considered one of the leading art fairs in the world and takes place in several cities around the world, such as London, Los Angeles and New York.

In the Frieze Masters section, where 18 galleries are participating, visitors will feel like they are inside an art museum as works by masters of modern and contemporary art history are among the exhibits.

The Acquavella Galleries in New York have brought together works by Pablo Picasso, Andy Warhol, Francis Bacon, Jean-Michel Basquiat, Alberto Giacometti, Keith Haring, Ellsworth Kelly, Willem de Kooning, Henri Matisse, Piet Mondrian and Robert Rauschenberg.

The Castelli Gallery, also in New York, is showing the pop art works of Roy Lichtenstein while Annely Juda Fine Art, a contemporary art gallery in London, will present the famous paintings of David Hockney.

KIAF Seoul, the country’s largest art event organized by the Korea Gallery Association, showcases drawings and sculptures from 164 domestic and overseas galleries, including Seoul-based Kukje Gallery and Gallery Hyundai.

Works by world-renowned artists, including Roman Ondak from Slovakia, Michael Craig-Martin and Anish Kapoor from Britain, are on display for this year’s edition.

Its satellite art fair, KIAF Plus, kicked off Thursday at the Seoul Trade Exhibition and Convention (SETEC) in southern Seoul for a five-day run, with a focus on smaller, younger galleries and art new media, such as non-fungible tokens. A total of 73 galleries from 11 countries are taking part in the spin-off event.

Frieze does not disclose its sales figures, but the art scene expects there to be multimillion-dollar sales at the Seoul event.

KIAF Seoul posted a record 65 billion won ($47.7 million) in sales last year and expects it to triple this year.

Later on Friday, Park Bo-gyoon, minister of culture, visited the art fairs.

“We are delighted that art lovers and experts from home and abroad have come together in Korea with the joint ticket operation for KIAF and Frieze,” he said during a meeting with event organizers. on the spot. “We will support excellent Korean artists and works to be widely known around the world,” he added.

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