Something else for South Korea to cheer about
South Korea had more than World Cup football results to celebrate last week. While some collectors were spending hundreds of thousands of pounds at London’s contemporary art auctions, others were looking for the next generation of art stars.
At London’s Royal College of Art graduation show, some 50 paintings were sold. Prices ranged from £125 for small pictures of everyday objects by Korean artist Sooyoung Chung, (the biggest seller by quantity: some 35 works) to a large, surreal narrative painting by another rising Korean star, Sung Kook Kim, which at £9,000 was the highest priced sale of the show.
Since the Brexit vote, one of the teachers said, a higher proportion of students attending the college from overseas were from outside Europe, because the fee structure no longer favours Europeans.