The 17th edition of Contemporary Istanbul, where South Korea’s most expensive piece takes the stage, 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 as NFT in the field of experience is the first NFT work to be produced based on the work “5-IV-71#200 Universe” completed in New York in the 1970s by Kim Whanki, who is considered one of the pioneers of abstract painting in Korea. carrying.
In the NFT version produced courtesy of the Whanki Foundation, nearly 100,000 dots fill the screen in a swirl shape, slowly moving around the axis of rotation via digital work, presenting the colorful spectrum and infinite depth of the original artwork.
The original, titled Universe, sold for around $11 million at Christie’s Evening Sale in Hong Kong in November 2019. 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.
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