South Korea's art auction market almost halved in the first half of this year, demonstrating greater volatility compared to the global art market, a report from the Korea Art Authentication and Appraisal Research Center showed Monday. The total amount of winning bids at South Korean auction houses Seoul Auction, K-auction and Myart Auction amounted to 61.3 billion won ($47.9 million) in the first half of 2023, a...

LR: 3 CP: 3 - South Korea’s art auction market almost halved in the first half of this year, demonstrating greater volatility compared to the global art market, a report from the Korea Art Authentication and Appraisal Research Center showed Monday. The total amount of winning bids at South Korean auction houses Seoul Auction, K-auction and Myart Auction amounted to 61.3 billion won ($47.9 million) in the first half of 2023, a…