Market dispatch·Seoul
KRW 2.8B Kim Whan-ki Leads Seoul Auction's First Big Show in 19 Years
Seoul Auction will stage its 2026 Auction Show from 11 to 24 November at its Gangnam Center, with 12 sales and more than 1,000 works, led by a Kim Whan-ki painting shown in Korea for the first time with a low estimate of 2.8 billion won.

Seoul Auction will hold its 2026 Auction Show from 11 to 24 November at its Gangnam Center, presenting more than 1,000 works across twelve sales alongside eight exhibitions. It is the first event of this kind the house has staged since a five-day show at COEX in 2007, nineteen years ago, and the house says it aims to lower the threshold for auctions and widen the circle of people who enjoy art in daily life.
The centrepiece is the evening sale on 23 November, with thirty-four works carrying a combined low estimate of 19 billion won, around US$13 million. The headline lot is Kim Whan-ki's 30-XI-71 #212, a 1971 canvas of blue dots, 152 centimetres wide, on show in Korea for the first time, with a low estimate of 2.8 billion won. Alex Katz's Split 7 (Tarajia) of 2014, a 2.45-metre pairing of portrait and beach scene, opens at 1.2 billion won, while a large butterfly painting by Damien Hirst carries a low estimate of 2.4 billion won and Lee Ufan's 1977 From Point is estimated from 1.25 billion won. A three-metre glass-bead sculpture by Jean-Michel Othoniel opens at 70 million won, well below usual levels for his smaller necklace works.
A modern art exhibition on the fifth floor gathers works that shaped Korean art history, including Park Soo-keun's Washing Place, which sold for 4.52 billion won in 2007 and held the auction record for a Korean artist for eight years, and Lee Jung-seob's Bull, a near-twin of the ox painting donated as part of the Lee Kun-hee Collection. Works by Picasso, Chagall and Renoir are also on display.
The fortnight stretches well beyond the saleroom. An art poster auction opens the programme on 12 November, a National Tax Service sale of assets seized from large-scale tax delinquents takes place on 14 November, and a UNICEF charity auction follows on 20 November. Pokemon cards and Korean antiques are also on display, alongside a market of small works by around fifty artists, with some lots opening at zero won. A single ticket priced at 22,000 won allows re-entry throughout the event.


