Time races by, and 2024 will be over before we know it. Here’s a quick recap of the top market moments of the year.
Korea Everywhere
South Korean artists gained particularly intense global attention this year. After being highly visible in Venice, they were in the spotlight during Frieze London, with Haegue Yang at the Hayward Gallery and Mire Lee at Tate Modern. The Met marked the 25th anniversary of its Korean Gallery with “Lineages: Korean Art at the Met,” while Lee Bul’s Genesis Facade Commission made waves. Additionally, the Smithsonian’s National Museum of Asian Art appointed Sunwoo Hwang as its first Korea Foundation Curator of Korean Art and Culture.
At the same time, the Korean art market seems to be struggling. The Korea Art Authentication and Appraisal Institute reported a 27.2 percent drop in auction sales in the third quarter year-on-year, to $17 million, and sales at Frieze Seoul and Kiaf Seoul were reportedly slow.
