Galleries Art Fair closes with 50,000 visitors, posting strong midrange sales

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Galleries Art Fair closes with 50,000 visitors, posting strong midrange sales

A visitor takes a look at artworks on display at the Galleries Art Fair, held at the Coex exhibition center in Gangnam District, southern Seoul, on April 8. [YONHAP]

A visitor takes a look at artworks on display at the Galleries Art Fair, held at the Coex exhibition center in Gangnam District, southern Seoul, on April 8. [YONHAP]

 
The Galleries Art Fair, also known as the Hwarang Art Fair, closed this weekend after a five-day run that drew approximately 50,000 visitors, organizers said Monday.
 
A noticeable trend this year was a rise in younger buyers and visitors with children eager to buy artwork at low to midrange prices.
 

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Among the notable sales were an oil painting by figurative painter Lee Moka in the 200 million won ($134,600) range, offered by Jason Haam gallery; a work by Julian Opie around 90 million won and a sculpture by Kim Yun-shin at around 40 million, both from Kukje Gallery; and three sculptures by Kug Kyung-oh totaling 80 million won from Concreate Gallery.
 
Organizers pointed to a broader base of art consumers this year, with healthy sales of lower- to midrange works even amid what they described as a "cautious buying trend."
 
The annual event, held at the Coex exhibition center in southern Seoul from Wednesday to Sunday, attracted a record 169 member galleries.
 
Established in 1979, the fair is the first of its kind in the country and has long served as a barometer of the country's art market trends.

Yonhap
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