South Korea’s most expensive piece takes the stage Contemporary Istanbul‘s 17th edition was held.
The 17th edition of Contemporary Istanbul was held with the visits of collectors and museum groups who have not been to Istanbul for a long time since 2011. The fair, which lasted for a week, hosted 48,700 visitors from 65 contemporary art galleries and art initiatives from 22 countries.
South Korea’s Most Expensive Artifact Converted to NFT
South Korea’s most expensive work was exhibited as NFT at the LG OLED ART experience area on September 17-22 at 17.Contemporary Istanbul.
The video work exhibited in its NFT form in the field of experience is considered one of the pioneers of abstract painting in Korea. Kim WhankiIt has the distinction of being the first NFT study to be produced based on the work “5-IV-71#200 Universe”, which was completed in New York in the 1970s.
Whanki Foundationproduced with permission of NFTIn its version, approximately 100,000 dots fill the screen in a swirl shape, slowly moving around the axis of rotation through digital work, presenting the colorful spectrum and infinite depth of the original artwork.
universeThe original was published in Hong Kong in November 2019. Christie’s Evening Sale It was sold for about $11 million at the event. It was then recorded as the first work in Korean art history to exceed $10 million. Universe is defined as a masterpiece among the works of the famous Korean artist Kim Whanki, who passed away at the age of 61.
