KAuction SummerAuction 2015

Summer Auction
K 14 JULY 2015
Summer Auction
K 14 JULY 2015
MODERN & CONTEMPORARY ART

INTERNATIONAL MODERN & CONTEMPORARY ART
KOREAN TRADITIONAL ART & CRAFT
PUBLIC INSTITUTION CONSIGNMENT
VIEWING
2015 7 4() 13() 10 30 6 30

4 July 13 July 2015, 10:30am 6:30pm
AUCTION
2015 7 14() 5
14 July 2015, 5pm
VENUE
K
K Auction, Art Tower, 23 Eonju-ro 172-gil (640-6 Sinsa-dong),

Gangnam-gu, Seoul
I M P O R TA N T N O T I C E S
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(Account Holder): (K Auction Inc.)
(Bank Name): (Hana Bank)
(Bank Address): 77 Mugyo-dong, Jung-gu, Seoul, 110-775, Korea

(Account Number): 196-910005-07204
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(Swift Code): HNBNKRSE
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TEL 82.2 . 3479 . 8888 | FAX 82.2 . 3479 . 8800 | E-mail art @ k- auction.com | www.k- auction.com
2015.6 | 2015.6 | | () | 172 23( 640-6)

() | www.dsrang.co.kr | () 031.958.9926
I M P O R TA N T N O T I C E S
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COLLECTION AND
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TRANSLATION
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In the case of any ambiguity or discrepancy between the English, Chinese and/or Korean text in this catalogue, the Korean
version shall prevail.
C O N T E N T S
INDEX OF ARTISTS
02
114
06
08
184
214
272
320
331
332
123
42
159
310
46 - 52
66
157
313
9, 99, 100
110
160
312
115, 117
5, 6, 15, 16
170
3 319
8, 21
116
168
322
71, 93, 94
87, 92
153
317
33, 65
27, 75, 76
166, 167
309
88
18, 106
176
304
72
103
178
323
86
4, 35, 36
2 182
315
56, 81, 96
34, 62
174
305
31, 70, 98
109
177
301
91
53, 73, 74
181
314
10, 11, 29
23, 85
175
306
107
82, 83
180
335
12, 13
22, 101
179
320
14, 67, 69, 97
19, 38
158
330
25, 26
121
145
318
119
105
152
327
28
102
155, 164
308
163
316
147
311
149, 150
331
90
118
122, 124
112
135
146
334
43, 45
130
165
329
()
89
139
172
328
2013 () ,
57 - 59, 95
137, 138
144
324
44
132
151
302
111, 113
133
173
333
30
136
183
307
24, 77
128, 129
162
303
1, 7, 20, 32, 39, 64, 68
125, 126
7 171
3 321
17, 60, 61
134
169
332
108
131
161
54, 55, 79, 80
127
154
120
140
156
6 . ,
6
,
() ,
Modern & Contemporary Art

LOT
001 ~ 124
001
10
1928 - 2007
Yun HyongKeun
002
b.1931
Park SeoBo
Untitled
Ecriture
oil on linen
15.822.7cm (1), 6.28.9in
1990
signed on the reverse
oil and pencil on hardboard

2527.5cm, 9.810.8in
1978
signed on the lower right
KRW 3,000,000 - 5,000,000

USD 2,700 - 4,500
KRW 12,000,000 - 30,000,000

USD 10,900 - 27,200
11
003
1946 - 2013
Lee DongYoub
b.1932
Chung SangHwa
()- Interspace - Musing
Untitled
oil on canvas
2828cm, 1111in
signed on the lower right and reverse
acrylic on canvas
2419cm, 9.47.5in
KRW 3,000,000 - 9,000,000

USD 2,700 - 8,100
12
004
KRW 5,000,000 - 10,000,000

USD 4,500 - 9,000
13
005
b.1936
Lee UFan
006
b.1936
Lee UFan
Untitled
Correspondance
watercolor on paper
3951cm, 15.420.1in
1986
pigment suspended in glue, on canvas

24.233.4cm (4), 9.513.1in
This work is accompanied by a registration card from the Korean Art Appraisal Board.
KRW 10,000,000 - 20,000,000

USD 9,000 - 18,100
14
KRW 18,000,000 - 35,000,000

USD 16,300 - 31,800
15
007
1928 - 2007
Yun HyongKeun
16
008
1926 - 2013
Kwon YoungWoo
Untitled
73-23 Untitled 73-23
oil on linen
1933.4cm (4), 7.513.1in
1972-73
signed on the lower left and reverse
ink on Korean paper

33118cm, 1346.5in
1973
sealed on the right
KRW 18,000,000 - 30,000,000

USD 16,300 - 27,200
KRW 12,000,000 - 30,000,000

USD 10,900 - 27,200
17
009
1919 - 1988
Quac InSik
Untitled
color on paper laid on canvas
90.972.7cm (30), 35.828.6in
1982
KRW 30,000,000 - 40,000,000

USD 27,200 - 36,300
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18
19
010
1913 - 1974
Kim WhanKi
Untitled
oil on newspaper
5837.5cm, 22.814.8in
1968
LITERATURE:
WHANKI, Oil on Paper 1968, Whanki Foundation, 1968, p.27
KRW 35,000,000 - 80,000,000

USD 31,800 - 72,700
.
. .
. .
, 1967. 10. 13
11 (1963-1974)
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.
.
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WHANKI Oil on Paper 1968, , 1968

WHANKI New York 1966-69, Hyundai Gallery, 1969
20
21
011
1913 - 1974
Kim WhanKi
1919 - 2014
Kim Sou
Untitled
Nude
gouache on paper
2129cm, 8.311.4in
oil on canvas
15.822.7cm (1), 6.28.9in
KRW 15,000,000 - 25,000,000

USD 13,600 - 22,700
22
012
KRW 6,000,000 - 12,000,000

USD 5,400 - 10,900
23
013
1919 - 2014
Kim Sou
24
014
1911 - 1990
Nam Kwan
Woman
Abstraction
oil on canvas
5365.1cm (15), 20.925.6in
oil on canvas
72.790.9cm (30), 28.635.8in
KRW 30,000,000 - 45,000,000

USD 27,200 - 40,900
KRW 27,000,000 - 40,000,000

USD 24,500 - 36,300
25
015
b.1936
Lee UFan
With Winds
60.672.7cm (20), 23.928.6in
1988
KRW 50,000,000 - 100,000,000

USD 45,400 - 90,900
80
,

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.
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1970 1980
. 1982

.
,
.
.
, , 1990
, , , 2002
26
27
016
b.1936
Lee UFan
Correspondance
45.565.1cm (15), 17.925.6in
2002
signed on the side and reverse
KRW 43,000,000 - 70,000,000

USD 39,000 - 63,600
1990 <>
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, , 2003
LEE UFAN MARKING INFINITY, GUGGENHEIM, 2011
28
29
017
b.1943
Lee KangSo
30
018
b.1944
Chun KwangYoung
From an Island-96022
96-1206 Aggregation 96-1206
oil on canvas
72.790.9cm (30), 28.635.8in
1996
signed on the side
mixed media on Korean paper

65.1100cm (40), 2538in
1996
KRW 15,000,000 - 30,000,000

USD 13,600 - 27,200
KRW 8,000,000 - 30,000,000

USD 7,200 - 27,200
31
019
32
b.1935
Ha ChongHyun
020
1928 - 2007
Yun HyongKeun
Conjunction
95-#78 Untitled 95-#78
oil on hemp cloth

24.233.4cm (4), 9.513.1in
1995
oil on linen
27.345.5cm (8), 10.717.9in
1995
KRW 4,000,000 - 10,000,000

USD 3,600 - 9,000
KRW 9,500,000 - 15,000,000

USD 8,600 - 13,600
33
021
1926 - 2013
Kwon YoungWoo
1930 - 1989
Ha InDoo
Untitled
Light of the Spirit

4133cm, 16.113in
sealed on the lower left
oil on canvas
5345.5cm (10), 20.917.9in
1987
KRW 8,500,000 - 15,000,000

USD 7,700 - 13,600
34
022
KRW 8,000,000 - 15,000,000

USD 7,200 - 13,600
35
023
36
1916 - 1985
Choi YoungRim
024
1913 - 2012
Yoon JungSik
Fables
Landscape
mixed media on panel

1284cm, 4.733.1in
1978
oil on canvas
40.931.8cm (6), 16.112.5in
1975
KRW 9,000,000 - 25,000,000

USD 8,100 - 22,700
KRW 8,000,000 - 18,000,000

USD 7,200 - 16,300
37
025
1902 - 1977
To SangBong
Still-life
oil on canvas
24.233.4cm (4), 9.513.1in
1959
KRW 38,000,000 - 70,000,000

USD 34,500 - 63,600
1954
. .
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. 1959 .
,
1950

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10, , 1987
38
39
026
1902 - 1977
To SangBong
Joseon White Porcelain

oil on canvas
45.553cm (10), 17.920.9in
1972
KRW 70,000,000 - 150,000,000

USD 63,600 - 136,300
.

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1950
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.
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1948 1955
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40
41
027
1918 - 1990
Chang UcChin
The Road
oil on canvas
3535cm, 13.813.8in
1987
LITERATURE:
Catalogue raisonn, , 2001, p.437
KRW 170,000,000 - 250,000,000

USD 154,500 - 227,200
12, 6, () .
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. .

(1963-75) (1980-1985) 1986 1990
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Catalogue raisonn, , 2001, p.437
42
43
Park 1914 - 1965

SooKeun
1950 60
< >
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. ( 1, 2, 3 )
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< > .
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50 60
. 50
60
.
, ()
, , (), , 1989
1914-1965, , 1985
100 Park Soo-Keun, , 2014
,
.
, .

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1 < >
, 1962
3 <>
, 1950
4 < >
, 1960
, .
2 < >
, 1953
44
45
028
1914 - 1965
Park SooKeun
Old and Young Trees

oil on hardboard
2233.5cm, 8.713.2in
1962
LITERATURE:
, , 1995, p.101
, , 1995
, , 1995, No.76
, , 1999, p.111
, , 2002, p.76
, , 2002, p.139
KRW 350,000,000 - 550,000,000

USD 318,100 - 500,000
< >
.
, .
,
.
.
.
46
47

.
.
. .
1913 - 1974
Kim
WhanKi
. ( 2, 3)
<Sounding-3-VIII-68 #32>
, , .
. 50
50 60

. ( 1)
, ()
7 1963
.
, (, )
: , ()
, ()
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1 <>
, 1959
48
2 < 05-66-1966>
, 1966
3 <>
, 1968
49
029
1913 - 1974
Kim WhanKi
Sounding-3-VIII-68 #32
oil on canvas
177126cm, 69.749.6in
1968
LITERATURE:
WHANKI, Fondation Whanki, 1982, p.145
Kim Whanki , , 2011, p.215
-Kim Whanki , , 1997, p.121
KRW 650,000,000 - 1,000,000,000

USD 590,900 - 909,000
1963 65 . <>, <

>, < > .
.

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.
50
030
1916 - 2002
Yoo YoungKuk
Work
oil on canvas
6565cm, 25.625.6in
1974
LITERATURE:
Yoo Youngkuk, 1997, p.97
Yoo Youngkuk , , 2012, p.19
KRW 120,000,000 - 180,000,000

USD 109,000 - 163,600
.
.
.
1930 . 1965 1990

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Yoo Youngkuk , , 2012
52
53
031
b.1929
Kim TschangYeul
ENS 8303 Waterdrops ENS 8303

oil on hemp cloth
181.8227.3cm (150), 71.689.5in
1982-83
signed on the side
KRW 380,000,000 - 500,000,000

USD 345,400 - 454,500
.

.

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, (trompe loeil)
. .

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,
.
, 45 , , 2015
54
55
032
1928 - 2007
Yun HyongKeun
033
Untitled
oil on linen
60.690.9cm (30), 23.935.8in
1991
b.1936
Kim GuiLine
Inside, Outside
oil on canvas
162.2130.3cm (100), 63.951.3in
1985-86
KRW 34,000,000 - 60,000,000

USD 30,900 - 54,500
KRW 35,000,000 - 70,000,000

USD 31,800 - 63,600
Lot 33 Detail
56
57
034
1927 - 2011
Chung ChangSup
NO.99803 Meditation NO.99803

tak fiber on cotton
200100cm, 78.739.4in
1999
KRW 55,000,000 - 100,000,000

USD 50,000 - 90,900

.

.
.

As a member of the first post-liberation generation of Korean

artists, Chang Sup Chung was an influential abstract painter
that redefined the identity of Korean contemporary art.
During his artistic career, the artist attempted a wide range of
experiments from monochrome paintings to paper mulberry,
resulting in such works like Meditation NO.99803. Part of
the Meditation series, which begun in the 1990s, the work
on offer is a prime example of Chungs artistic journey in the
defining stages of Korean art. Following a controlled series
of gestures that followed the rhythm of meditation, he used
tak fibre to transform the surface of the cotton and give it a
58
degree of elevation. The offered work embodies the dogma
that pushed the Meditation series and is a materialization of
. ,
his devotion to the development of the history of post-war
contemporary art.
59
035
b.1932
Chung SangHwa
82-1 Untitled 82-1

acrylic on canvas
130130cm, 51.251.2in
1982
KRW 180,000,000 - 300,000,000

USD 163,600 - 272,700
, ,
As one of the pioneers of abstract monochromatic art
, ,
in Korea, Chung Sang Hwas meticulous execution of
. ,
'Untitled 82-1' is an incomparable example of the artists
oeuvre. The artist used two distinctive methods to execute
. , ,
this work removing and repainting, where paint was
applied repeatedly upon layer and then peeled off. The
artist covered his canvases with clay, scored them with
( )
grids and then excavated each small square before
(Malevich)
filling them individually with paint. This laborious process
transformed the one dimensional canvas into a work of
depth and illusion. The apparent simplicity of 'Untitled
. , ,
82-1' is deeply mesmeric and stands to be an epitome of
his artistic philosophy.
.

.
. 2011 (Muse d'Art Moderne de Sainttienne) .
, 45 , , 2015
60
61
036
b.1932
Chung SangHwa
81-10-20 Untitled 81-10-20

acrylic on canvas
10080.3cm (40), 39.431in
1981
KRW 100,000,000 - 180,000,000

USD 90,900 - 163,600

. .
.
.
.
.
.

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.
,
.

. (), , 1989
62
63
037
b.1931
Park SeoBo
No.41~79 Ecriture No.41~79

pencil and oil on canvas
31.840.9cm (6), 12.516.1in
1979
KRW 70,000,000 - 100,000,000

USD 63,600 - 90,900
Lot 37 Reverse
, ( )
,

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1967
.
.
,
.
.
1970 .
,
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.
PARK,SEO-BO, , 1994
64
65
038
b.1935
Ha ChongHyun
97-004 Conjunction 97-004

oil on hemp cloth
120120cm, 47.247.2in
1997
KRW 80,000,000 - 130,000,000

USD 72,700 - 118,100

,

.

66
Known as one of the leading figures of Dansaekhwa, Ha

ChongHyuns Conjuction 97-004 is a primary example of the
artists oeuvre. His curiosity with the materiality of paint and
the canvas is demonstrated in this work the artist pushed
thick oil paint from behind the coarsely woven canvas
so it seeps through to the surface. He then smeared the
protruding paint transforming the one dimensional canvas
into a surface with depth and complexity.
67
039
68
1928 - 2007
Yun HyongKeun
040
b.1931
Park SeoBo
Burnt Umber & Ultramarine Blue
No.050131 Ecriture No.050131
oil on linen
90.972.7cm (30), 35.828.6in
1993
mixed media with Korean paper on canvas

10080.3cm (40), 39.431.6in
2005
KRW 35,000,000 - 60,000,000

USD 31,800 - 54,500
KRW 30,000,000 - 80,000,000

USD 27,200 - 72,700
69
041
70
b.1931
Park SeoBo
042
1941 - 1990
Lee SeungJio
76-19 Nucleus 76-19

90.972.7cm (30), 35.828.6in
2004
oil on canvas
90.965.1cm (30), 35.825.6in
1976
KRW 40,000,000 - 70,000,000

USD 36,300 - 63,600
KRW 22,000,000 - 30,000,000

USD 20,000 - 27,200
71
043
b.1929
Suh SeOk
People
ink on Korean paper
130.3162.2cm, 51.363.9in
sealed on the lower right
KRW 35,000,000 - 150,000,000

USD 31,800 - 136,300
,
.
.
.
,
.
,
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. . ?
.
.
,
. ,
,
.
72
2005
73
044
74
1921 - 1976
Park ReHyun
045
b.1929
Suh SeOk
Untitled
People
ink and light color on paper

7595.5cm, 29.537.6in
ink on paper
12090cm, 47.235.4in
signed and sealed on the lower right
KRW 18,000,000 - 30,000,000

USD 16,300 - 27,200
KRW 18,000,000 - 80,000,000

USD 16,300 - 72,700
75
50

. .
() .

.
,

Lee
1985 ()
.( 3)
, 1960
(Galerie Paul Facchetti, Paris)
80 <>.
1923
<>
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. 60
()( 4),
. , ,
.(
1)
1904 - 1989
Ungno lee, , 2004
1970 80
,
1960-1980, , 1997
UNG-NO LEE - ORIENTAL, , 1994
, , 1989
( 2),
UngNo
() ()
,
.

, . ()
() "
76
(1976.5)

1 <>

180154cm, 1971-73
2 <>

8957cm, 1964
3 <>

200.6190cm, 1970
4 < >

5465cm, 1941
77
046
1904 - 1989
Lee UngNo
Abstract Letter
color on fabric
147.3101.5cm, 5840in
1975
KRW 20,000,000 - 50,000,000

USD 18,100 - 45,400
78
79
047

1904 - 1989
Lee UngNo
Abstract Letter
fabric collage
183.786.3cm, 72.334in
1975
signed on the bottom
This work is accompanied by a registration card
from the Korean Art Appraisal Board.
KRW 15,000,000 - 50,000,000

USD 13,600 - 45,400
048
1904 - 1989
Lee UngNo
Abstract Letter
color on fabric
198.5151cm, 78.159.4in
KRW 25,000,000 - 70,000,000

USD 22,700 - 63,600
80
81
050

1904 - 1989
Lee UngNo
Abstract Letter
color on fabric
207.5125.5cm, 81.749.4in
1971
signed on the lower left
This work is accompanied by a registration
card from the Korean Art Appraisal Board.
KRW 20,000,000 - 60,000,000

USD 18,100 - 54,500
049
1904 - 1989
Lee UngNo
Abstract Letter
color on fabric
140.5193.2cm, 55.376.1in
1972
KRW 15,000,000 - 50,000,000

USD 13,600 - 45,400
82
83
051
052
1904 - 1989
Lee UngNo
Wild Geese
62268cm, 24.4105.5in
1978
signed and sealed on the lower left
KRW 18,000,000 - 35,000,000

USD 16,300 - 31,800
84
.
,
.
.
. ,
.
1904 - 1989
Lee UngNo
Mountain
141191cm, 55.575.2in
1950
KRW 28,000,000 - 50,000,000

USD 25,400 - 45,400
85
Chun
KyungJa
b. 1924
1924
, .
. ,
1969 ,
28
. , ,
. , , , , , , ,
. ,
1980
, ( 4)
, , , , , , , , ,
1970
70
. 1980 1990
. ( 1, 2, 3)

.
, , , 2007
82, , 2006
- , , 1995
, , 1995
4 .
()
. .
" , 1986
1 <>
, 1983
86
2 < >
, 1986
3 < >
, 1988
4 <>
, 1986
87
053
b.1924
Chun KyungJa
() After the Finale

color on paper
4131.5cm, 16.112.4in
1989
signed on the upper left
LITERATURE:
- , , 2007
, , 1995
Estimate on Request

.
" , 1989

. < > 70 , 80
,
.
88
89
054
1921 - 2005
Lee DaiWon
Farm
oil on canvas
5365.1cm (15), 20.925.6in
1980
KRW 120,000,000 - 150,000,000

USD 109,000 - 136,300
Lot 54 Reverse
. ,
.
. ,
.
, .
,

.
,
.
, , 2008
90
91
055
1921 - 2005
Lee DaiWon
Farm
oil on canvas
65.190.9cm (30), 25.635.8in
1982
KRW 130,000,000 - 180,000,000

USD 118,100 - 163,600
1980
.
,

. <>

.
( ), ()
(), , 1979
, , 2008
92
93
056
b.1937
Kim ChongHak
Landscape of Mt. Seorak

acrylic on canvas
72.7116.8cm (50), 28.646in
1992
KRW 80,000,000 - 120,000,000

USD 72,700 - 109,000
() .
.
.
. ,
.

94
95
057
b.1956
Oh ChiGyun
058
b.1956
Oh ChiGyun
Golden-bell Trees in Sabuk
Persimmons
acrylic on canvas
3060cm, 11.823.6in
2002
acrylic on canvas
5050cm, 19.719.7in
2011
LITERATURE:
Oh Chi Gyun Sabuk, Itreebook, 2007, pp.90-91
KRW 30,000,000 - 40,000,000

USD 27,200 - 36,300
KRW 20,000,000 - 50,000,000

USD 18,100 - 45,400
96
97
059
b.1956
Oh ChiGyun
lll Spring lll

acrylic on canvas
80.3116.8cm (50), 31.646in
2001
LITERATURE:
, Gana Art Center, 2002, p.36
Oh ChiGyun Sabuk, Gana Art Center 2002, p.36
Oh ChiGyun Defining Landscape, Chelsea Art Museum, 2008, pp.138-139
KRW 65,000,000 - 150,000,000

USD 59,000 - 136,300
.
.
. ,
.

. ,
.
,
. .
, .
.

. . - ( )
, , , (
) - .
. ,
,
.
98
( )
99
060
b.1943
Lee KangSo
Untitled-91124
acrylic on canvas
130.3162.2cm (100), 51.363.9in
1991
KRW 35,000,000 - 70,000,000

USD 31,800 - 63,600
. .
.

.
.
.
.
100
( )
101
061
b.1943
Lee KangSo
From an Island-20231
oil on canvas
130.3162.2cm (100), 51.363.9in
2000
KRW 30,000,000
30,000,000 - 70,000,000
- 70,000,000
USD 27,200
27,200 - 63,600
- 63,600

.
.

.

.
.

.
, .
,
.

.

.
102
( , )
103
062
1927 - 2011
Chung ChangSup
() No.91908 TAK No.91908

tak fiber on cotton
227.3162.1cm (150), 89.563.8in
1991
KRW 55,000,000 - 80,000,000

USD 50,000 - 72,700
.
,
.
.
.
.

104
First, I put the mulberry fiber in water. The duration it

is submersed under water and the length of the fibers
determine the appearance. I then take it out of the water
and use my hands to cover the canvas with it. Sometimes
patting it and sometimes caressing it, I start to converse
with the substance. I then wait to see what expression the
fiber makes. I put aside my will to create and wait for the
mulberry fiber to express itself.
Chung ChangSup
105
063
b.1931
Park SeoBo

162.2130.3cm (100), 63.951.3in
2006
KRW 80,000,000 - 140,000,000

USD 72,700 - 127,200
paint
Like many Korean artists of the Post-War era, Park SeoBo
draw' .
turned away from figuration and later established himself
as a major figure in the Korean Monochrome (Dansaekhwa)
m o v e m e n t . C o m b i n e d w i t h t h e s p i r i t o f We s t e r n
abstraction and traditional Korean approach to method and
composition, the work on offer demonstrates the artists
aesthetic rigor. Ecriture No.060529 is part of the Ecriture
. 1980
series which was based on the act of emptying ones self
()
- demonstrated in the repetitiveness and monochromatic
palette of the work. He believed that artists need to empty
their minds when producing an artwork and should not
be the product of logic. This was the underlying principle
behind Parks artistic practice and is a great example of the
. 2000
Dansaekhwa movement.
106
107
064
1928 - 2007
Yun HyongKeun
Untitled
oil on linen
89.4130.3cm (60), 35.251.3inch
1989
KRW 85,000,000 - 120,000,000

USD 77,200 - 109,000
1970 80
Art of Yun HyongKeun has loneliness. Only those who are
lonely can feel the pleasure of withdrawing into themselves.
In a way, a viewer can find a shelter in Yuns work, pausing
and looking back at ourselves who are struggling to keep
pace. The stillness and modesty in the colored shades
of his painting allude to the peaceful beauty of sublimity.
2002 ,
Using his unique technique of natural paint smudging on
, 2000 , 1997
a thin fabric, he makes layers of lines to add a sense of
, 1994
depth in his work and make it look peaceful. His work of
. 1995 46
art has a strictly refined aesthetics, but it also has simplicity
1969 1975
that is akin to nature. In other words, through his painting,
, 1992
he builds a world of moderation that is very simple and
<Working with Nature: Traditional Thought in Contemporary Art
austere. The black that he applies on his canvas is not just
from Korea> .
black. It has all tints of colors including red, yellow, blue
and colors of the soil and grass. Furthermore, the sorrows
Yun, Hyong- Keun , 1996
of life and loneliness are delicately expressed in his black.
THE ART OF DANSAEKHWA , 2014
His work with its complexities describes the profundity of

nature that is deep and wide indefinitely.
Yun, Hyong- Keun GALLERY HYUNDAI, 1996
THE ART OF DANSAEKHWA Kukje Gallery, 2014
108
109
065
b.1936
Kim GuiLine
b.1956
Lee Bae
Inside, Outside
Untitled
oil on canvas
13566cm, 53.126in
acrylic medium, charcoal black on canvas

145.5112.1cm (80), 57.344.1in
2003
KRW 30,000,000 - 45,000,000

USD 27,200 - 40,900
110
066
Lot 65 Detail
KRW 11,000,000 - 35,000,000

USD 10,000 - 31,800
111
067
1911 - 1990
Nam Kwan
Assemblage
mixed media
107.5133cm, 42.352.4in
1987
LITERATURE:
NAM KWAN, GALLERY HYUNDAI, 1991, p.195
KRW 30,000,000 - 70,000,000

USD 27,200 - 63,600
,

1952 1
13
. , , ,
, . 1968

.
(Assemblage) 1950 3

.
.
-80 -, , 1991
112
113
069
1911 - 1990
Nam Kwan
Fantasie Orientale (1)

oil on canvas
130.389.4cm (60), 51.335.2in
1966
KRW 45,000,000 - 90,000,000

USD 40,900 - 81,800
068
1928 - 2007
Yun HyongKeun
Burnt Umber & Ultramarine Blue

oil on linen
72.750cm (20), 28.619.7in
1999
KRW 32,000,000 - 50,000,000

USD 29,000 - 45,400
I dislike being called an abstract artist because this is
completely untrue. I use old motifs of my homeland
, ,
stones, ancient heirlooms, death masks and even old plant
, ,
.

114
patterns and symbols of old civilizations and transform

them with modern methods
Nam Kwan
115
070
b.1929
Kim TschangYeul
PN93013 Waterdrops PN93013

oil on hemp cloth
162.2130.3cm (100), 63.951.3in
1991
signed on the side
KRW 65,000,000 - 130,000,000

USD 59,000 - 118,100
,
,
. . ()
()
(- )
.
, , 6 25
() .
1990
, () () .
() .
,
() .
() .
116
117
071
1923 - 2011
Kwon OkYon
At Temple Site
oil on canvas
127103cm, 5040.5in
1989
LITERATURE:
, , 2001
KRW 55,000,000 - 90,000,000

USD 50,000 - 81,800
50
70 , 1990 , ,
.
, .
. , ,
.
.

.
.
.
. () (),
, , , ,
.
, ,
.
.
.
( ), 60 , , 2001
118
119
072
1910 - 2001
Kim InSoong
A Girl with Pottery

oil on canvas
145.597cm (80), 57.338.2in
1955
LITERATURE:
, , 1987, p.61
KRW 160,000,000 - 250,000,000

USD 145,400 - 227,200

.
() .

.
.
.

. ,
.
.
< > .
.

.
120
121
073
b.1924
Chun KyungJa
Man Playing Guitar

mixed media on paper
82.589cm, 32.535in
1960
Estimate on Request
,
.
, , ,

1951 <()>( 1)
60
. <>( 2), <>( 3)
1 <()>
, 1951
, .

.
.
,
. .
.
() .
.
. , ,
. .
.
2 <>
, 1964
.
1944 , 22, 23
. 1954 74 ,
, , , . 1955 , 1964
, 1971 , 1979 , 1983
. .
, , 2007
3 <>
, 1966
122
123
074
b.1924
Chun KyungJa
Woman in Morocco
color on paper
26.523.5cm, 10.49.3in
1974
KRW 70,000,000 - 100,000,000

USD 63,600 - 90,900
, ,
, , ,
.

.

, 1974
1974 .
, ,
.
1974 ,
,
. .
124
125
075
1918 - 1990
Chang UcChin
Untitled
oil on canvas
40.931.8cm (6), 16.112.5in
1981
KRW 80,000,000 - 180,000,000

USD 72,700 - 163,600
1980
.
1985 6 .
,
() .
.
.
.
.
.
. (1)
1 <>
, 2821.5cm, 1981

,
. (2)
, 1980
.
. 1981
Antique Color .
, ,
.
,
.
Catalogue raisonn, , 2001
2 < >
, 3224cm, 1981
126
127
076
128
1918 - 1990
Chang UcChin
077
1913 - 2012
Yoon JungSik
Untitled
Autumn Landscape
oil on canvas
22.715.8cm (1), 8.96.2in
1979
oil on canvas
5365.1cm (15), 20.925.6in
1968
signed on the upper left
KRW 40,000,000 - 70,000,000

USD 36,300 - 63,600
KRW 28,000,000 - 40,000,000

USD 25,400 - 36,300
129
078
1926 - 2000
Byun JongHa
Wild Flowers
oil on relief
11773cm, 46.128.7in
1975
signed on the middle left
EXHIBITED:
, , 2013
, , 2013
LITERATURE:
100, , 2013, pp.92-93
100, , 2013, pp.178-179
KRW 70,000,000 - 100,000,000

USD 63,600 - 90,900
.
.
.
.
<>
.
. 1950
1970 .
.
. 1975
.
()
1945 . 1955
, . 1953 , 1960
. 1964
, , ,
.
(2013.10.29-2014.03.30) < 100> .
100, , 2013
130
131
079
1921 - 2005
Lee DaiWon
Landscape
oil on canvas
40.953cm (10), 16.120.9in
1973
KRW 75,000,000 - 120,000,000

USD 68,100 - 109,000
Lot 79 Reverse
,
, .
.
.
()
.
.
.
.
.
132
( )
133
080
081
1921 - 2005
Lee DaiWon
b.1937
Kim ChongHak
Pond
Winter Landscape
oil on canvas
5372.7cm (20), 20.928.6in
1997
oil on canvas
72.790.9cm (30), 28.635.8in
KRW 35,000,000 - 60,000,000

USD 31,800 - 54,500
LITERATURE:
II, 2008,
Lot 80 Reverse
KRW 70,000,000 - 150,000,000

USD 63,600 - 136,300
134
135
083
082
1940 - 1985
Choi WookKyung
1940 - 1985
Choi WookKyung
.
.
.
, .
Camel Sold Here
Untitled
acrylic on canvas
6464cm, 25.225.2in
acrylic on canvas
91116.8cm (50), 35.846in
This work is accompanied by a registration card

from the Korean Art Appraisal Board.
KRW 60,000,000 - 90,000,000

USD 54,500 - 81,800
KRW 25,000,000 - 40,000,000

USD 22,700 - 36,300
136
.
. ,
.
.
()
137
084
1917 - 2002
Park KoSuk
Mt. Mudeung
oil on canvas
5345.5cm (10), 20.917.9in
1980
KRW 30,000,000 - 50,000,000

USD 27,200 - 45,400

,
.

.
, ,
, .
138
139
085
1916 - 1985
Choi YoungRim
1946 - 2009
Kim JeomSun
An Old Story
Flowers and Birds
mixed media on canvas

72.753cm (20), 28.620.9in
1975
oil on hemp cloth

130.5130.5cm, 51.451.4in
KRW 12,000,000 - 25,000,000

USD 10,900 - 22,700
140
086
KRW 22,000,000 - 35,000,000

USD 20,000 - 31,800
141
087
1921 - 1996
Yim JikSoon
1b.1953
Kim WonSook
Girl
Needle Rain II
oil on canvas
5345.5cm (10), 20.917.9in
signed on the upper left and reverse
oil on canvas
169.5163.5cm, 66.764.4in
1992
KRW 8,000,000 - 20,000,000

USD 7,200 - 18,100
142
088
KRW 9,000,000 - 18,000,000

USD 8,100 - 16,300
143
089
144
1899 - 1981
Lee JhongWoo
090
1910 - 1994
Park YoungSun
Landscape
Mother and daughter
oil on canvas
65.190.9cm (30), 25.635.8in
1973
oil on canvas
91116.8cm (50), 35.846in
1954
KRW 5,000,000 - 8,000,000

USD 4,500 - 7,200
KRW 7,000,000 - 25,000,000

USD 6,300 - 22,700
145
091
146
b.1930
Kim HyungGn
092
1921 - 1996
Yim JikSoon
Still-life
Landscape
oil on canvas
60.645.5cm (12), 23.917.9in
1976
signed on the upper right and reverse
oil on canvas
72.7100cm (40), 28.639.4in
1968
KRW 15,000,000 - 30,000,000

USD 13,600 - 27,200
KRW 30,000,000 - 50,000,000

USD 27,200 - 45,400
147
093
148
1923 - 2011
Kwon OkYon
094
1923 - 2011
Kwon OkYon
Still-life
Girl
oil on canvas
22.715.8cm (1), 8.96.2in
oil on panel
27.322cm, 10.78.7in
KRW 5,000,000 - 10,000,000

USD 4,500 - 9,000
KRW 11,000,000 - 15,000,000

USD 10,000 - 13,600
149
095
150
b.1956
Oh ChiGyun
096
b.1937
Kim ChongHak
Acacia Trees
Hedychium Coronarium
acrylic on canvas
21.233.4cm (4), 8.313.1in
1997
acrylic on wood
7736cm, 30.314.2in
2001
KRW 10,000,000 - 25,000,000

USD 9,000 - 22,700
KRW 25,000,000 - 50,000,000

USD 22,700 - 45,400
151
097
152
1911 - 1990
Nam Kwan
098
b.1929
Kim TschangYeul
Untitled
PA97024 Waterdrops PA97024
oil on canvas
5345.5cm (10), 20.917.9in
1983
oil on hemp cloth

60.672.7cm (20), 23.928.6in
1997
signed on the side
KRW 13,000,000 - 22,000,000

USD 11,800 - 20,000
KRW 28,000,000 - 40,000,000

USD 25,400 - 36,300
153
099
154
1919 - 1988
Quac InSik
100
1919 - 1988
Quac InSik
Untitled
Untitled
oriental ink, paper on canvas

42.577.5cm, 16.730.5in
oriental ink, paper on canvas

5288.5cm, 20.534.8in
KRW 30,000,000 - 40,000,000

USD 27,200 - 36,300
KRW 40,000,000 - 50,000,000

USD 36,300 - 45,400
155
101
1930 - 1989
Ha InDoo
Mandala
oil on canvas
130.397cm (60), 51.338.2in
1980
EXHIBITED:
Salon dautomne, Paris, 1982
KRW 45,000,000 - 70,000,000

USD 40,900 - 63,600
70 ,
. , 1
.
.
,
.
, (
) ,
(
) () .
,
, .
()
1982 ,
.
156
Lot 101 Reverse
157
102
b.1931
Hwang YongYop
1916 - 2010
Chun HyukRim
My Story
Untitled
oil on canvas
97130.3cm (60), 38.251.3in
1995
oil on canvas
162.2130.3cm (100), 63.951.3in
KRW 15,000,000 - 25,000,000

USD 13,600 - 22,700
158
103
KRW 20,000,000 - 50,000,000

USD 18,100 - 45,400
159
104
1939 - 2006
Oh SyngYoon
A Poem from the South Sea

oil on canvas
130.3162.2cm (100), 51.363.9in
1980
KRW 40,000,000 - 60,000,000

USD 36,300 - 54,500
.
.
,
. .
1 .

. ,
, 90 .
.
160
161
105
b.1941
Hwang YoungSung
Farmer's House
oil on canvas
130.3162.2cm (100), 51.363.9in
1977
signed on the upper right
KRW 35,000,000 - 60,000,000

USD 31,800 - 54,500
,
. , , , ,
.
, .
, , ,
.

.
, 1970 , 1980 , 1990
. 70
, 80
.
, , 2010
162
163
106
164
b.1944
Chun KwangYoung
107
1924 - 2013
Kim Hoon
97-164 Aggregation 97-164
Untitled

162.2130.3cm (100), 63.951.3in
1997
oil on canvas
162.2130.3cm (100), 63.951.3in
1991
KRW 40,000,000 - 90,000,000

USD 36,300 - 81,800
KRW 21,000,000 - 30,000,000

USD 19,000 - 27,200
165
109
b.1937 Korean/American
John Pai
Notes From the Stars

welded steel
3940140(h)cm, 15.415.755.1(h)in
EXHIBITED:
John Pai: Convergence and Divergence A Decade in Line 1996-2006,
Gallery Hyundai, Seoul, 2006
KRW 35,000,000 - 60,000,000

USD 31,800 - 54,500
108
b.1957
Rhee KiBong
The Misty
mixed media
70160cm, 27.663in
2008
KRW 15,000,000 - 30,000,000

USD 13,600 - 27,200
, . ,
, . ()
, .
1957 . 1986
,
, .
ZKM Neuberger Berman ,
, .
166
167
110
b.1945
Lee WalChong
1946 - 2006
Yoo YoungKyo
Golden Mean of Jeju Living
Woman
color on Korean paper

45.556cm, 17.922in
italian granite
6218.526(h)cm, 24.47.310.2(h)in
1985
KRW 15,000,000 - 25,000,000

USD 13,600 - 22,700
168
111
KRW 6,000,000 - 10,000,000

USD 5,400 - 9,000
169
113
112
Sheep
9-3 Seeker of Truth 9-3
acrylic on canvas
45.553cm (10), 17.920.9in
marble
251653(h)cm, 9.86.320.9(h)in
1994
b.1960
Sa SukWon
KRW 8,000,000 - 15,000,000

USD 7,200 - 13,600
170
1946 - 2006
Yoo YoungKyo
KRW 4,500,000 - 6,750,000

USD 4,000 - 6,100
171
114
172
b.1959
Lee SooDong
115
b.1972
Kwon KiSoo
Ha Ha Ha (sound of laughter)
Time-Wait For 3
acrylic on canvas
90.972.7cm (30), 35.828.6in
1994
signed on the upper right and reverse
acrylic on canvas
130.3193.9cm (120), 51.376.3in
2008
KRW 9,000,000 - 15,000,000

USD 8,100 - 13,600
KRW 20,250,000 - 30,375,000

USD 18,400 - 27,600
173
116
b.1978
Lee HoRyon
Overlapping Image S90310S

oil on canvas
each 162.2130.3cm (100), 2, each 63.951.3in
2009
each signed on the reverse
KRW 22,000,000 - 30,000,000

USD 20,000 - 27,200
174
175
117
b.1972
Kwon KiSoo
118
b.1950
Bae Bien-U
Blue-sky Breakthrough
Pine Tree
acrylic on canvas
130.3162.2cm (100), 51.363.9in
2011
gelatin silverprint
99129cm, 3950.8in
2006
This work is accompanied by the Certificate of Authenticity by BBU studio.
KRW 20,000,000 - 30,000,000

USD 18,100 - 27,200
176
KRW 20,000,000 - 40,000,000

USD 18,100 - 36,300
177
119
b.1971
Do SungWook
b.1967
Lee DongGi
Condition-Light
Flower Garden
oil on canvas
60160cm, 23.663in
acrylic on canvas
97130.3cm (60), 3851in
2007
KRW 18,000,000 - 25,000,000

USD 16,300 - 22,700
178
120
KRW 12,000,000 - 25,000,000

USD 10,900 - 22,700
179
121
b.1968
Hong KyoungTack
122
1932 - 2006 Korean/American

Paik NamJune
Mr. Lonely
NJP-at 1800 RPMs (2 works)
acrylic and oil on canvas

8080cm, 31.531.5in
2011
silkscreen on laserdisk
each diameter 29cm, 2works, diameter 11.4in
KRW 8,500,000 - 15,000,000

USD 7,700 - 13,600
KRW 15,000,000 - 40,000,000

USD 13,600 - 36,300
180
181
124
1932 - 2006 Korean/American

Paik NamJune
( 10 )
Untitled (set of 10 works)
lithograph
each 2429.6cm (edition 64/130), each 9.411.7in
1992
each signed on the lower right
KRW 10,000,000 - 15,000,000

USD 9,000 - 13,600
123
b.1960
Kang IkJoong
Moon Jar
mixed media on panel
5858cm, 22.822.8in
2007
KRW 8,000,000 - 15,000,000

USD 7,200 - 13,600
182
183
International
Modern & Contemporary Art

LOT
184
125 ~ 140
185
125
186
b.1959 Japanese
Yoshitomo Nara
126
b.1959 Japanese
Yoshitomo Nara
BackwardsFowards
DammItAll
woodcut
4229.5cm (edition 27/50), 16.511.6in
2012
woodcut
4229.5cm (edition 27/50), 16.511.6in
2012
KRW 11,000,000 - 13,000,000

USD 10,000 - 11,800
KRW 11,000,000 - 13,000,000

USD 10,000 - 11,800
187
127
1932 - 2004 American

Tom Wesselmann
b.1929 Japanese
Yayoi Kusama
StillLifewithBlowingCurtain(Red)
FruitBasket
silkscreen
46.560cm (edition 44/100), 18.323.6in
screenprint
44.753.5cm (edition 6/60), 17.621.1in
1999
KRW 5,000,000 - 10,000,000

USD 4,500 - 9,000
188
128
KRW 6,000,000 - 10,000,000

USD 5,400 - 9,000
189
129
b.1929 Japanese
Yayoi Kusama
b.1965 British
Damien Hirst
Pumpkins(setof5)
LysergicAcidDiethylamide(LSD)
ceramic
each 10.59.5cm9(h)cm, 5 works (edition 67/130), each 4.13.73.5(h)in
2002
each signed on the bottom
lambda print
106.5127cm (edition 205/300), 41.950in
KRW 14,000,000 - 18,000,000

USD 12,700 - 16,300
190
130
KRW 7,000,000 - 15,000,000

USD 6,300 - 13,600
191
131
b.1927 American
Tony DeLap
Hanky900
color on wood
10818727(d)cm, 42.573.610.6(d)in
1991
KRW 15,000,000 - 40,000,000

USD 13,600 - 36,300
Tony DeLap was an influential figure of the minimalist movement.
. ,
Geometric abstraction was at the core of his works, complimented
, , ,
by the principles of limited color and precise craftsmanship. Hanky
. ,
900 is an example of this aesthetic and is further developed by the
artist through the utilization of illusionist techniques. The work features
strong architectural and design elements, and is reduced to the
most basic expression of form, shape and color. The work on offer
. (California
illustrates DeLaps fascination with asymmetry and forms that cannot
College of Arts and Crafts) ,
be observed in nature. The work also appears to be defying gravity,
(University of California, Irvine)
obscuring the viewers perception of reality. His fascination with
. , (Bruce Nauman b.1941)
reducing his works to basic colors and forms is consistently visible
(James Turrell b.1943)
throughout his career such as in Bluey-Bluey(Fig.1) a piece that was
produced the year after Hanky 900. The artist exhibited in Primary
Structures at the Jewish Museum and in American Sculpture of the
Sixties at the Los Angeles County Museum, the two most significant
exhibitions that helped define the minimalist movement.
Fig.1 <Bluey-Bluey>,
wood and acrylic on canvas,
12022.86222.80cm, 1992
192
193
Louise 1899 - 1988

Nevelson
Celebrated for her contribution to the feminist art movement,
Nevelson is widely known for her dramatic monochromatic
wooden wall sculptures. Pushing the boundaries of what
is expected from a female artist, and breaking away from
the traditional practices of Female Art (drawing, painting,
arts and crafts), Nevelson produced large installation works
(Assemblage) ( 1).
of architectural scale. Unquestionably influenced by Marcel
, ,
Duchamps readymades, the artist used salvaged pieces of
scrap wood from old buildings and then composed them in
a box like formation, ultimately giving birth to a monumental
, ,
wall sculpture. Once carefully arranged, the artist then
paints the work black, unifying the single cubby holes into a
( 2).
complete work of art. The present lot has a strong narrative,
The Wedding Present 1970
a very personal one, which embodies her cumulative
experiences as an immigrant, a Jewish, and a female artist in
the heavily male dominated realm of art. Her experimentation
with industrial materials, such as the wood used in this
work, allowed her to expand the scale and complexity of her
works, while at the same time challenge the expectations
of what female artists could produce. Nevelson shares
her narrative consistently throughout this body of work
and is most explicitly expressed in her most recognized
. ,
work, Sky Cathedral(Fig.1). Much like the work on offer the
salvaged wood from old buildings that would have once
been constructed by men is given new meaning through an
intimate and methodical formation by Nevelson. The scale
501 (: 501 Great Artists:A Comprehensive Guide to the
of The Wedding Present breaks the conventional concept
Giants of the Art World), (Stephen Farthing), ,
that only mens artwork can be large scale, reflecting her
2009
emphasis on the value of freedom of expression.
20 , .
.
(The Art Students League of New York)
(Hans Hofmann, b.1880~1966) (Diego Rivera,
b.1886~1957) .
1 <Untitled>

91.461cm, 1956
194
2 <Mirror-Shadow VII>

297.2353.1cm, 1985
Fig.1 <Sky Cathedral>

painted wood boxes
226.145.7236.2cm, 1961
195
132
1899 - 1988 America

Louise Nevelson
TheWeddingPresent
color on wood
109.228260(h)cm, 4311102.4(h)in
1977-1979
PROVENANCE:
Pace Gallery, New York
Private Collection
KRW 80,000,000 - 200,000,000

USD 72,700 - 181,800
196
197
(Sol LeWitt) 1960
Sol LeWitt played a pivotal role in the New York art scene
(Donald Judd)
during the 1950s and 1960s, where he contributed to
. 1967 .
the creation of a new aesthetic that defied the Abstract
1950
Expressionist current of the time. Cube embodies this radical
I.M.Pei
change and is an excellent example of LeWitts conceptual
practice. Lewitt placed significant value on the intangible
1965
concept or idea of an artwork and claimed that a work
. ,
does not need a material presence to be considered art.
This challenged some fundamental beliefs about art and
the authority of the artist as LeWitt redefined the role of an
artist to be the generator of ideas and distanced himself
from the physical execution of the work. The work on offer is
constructed of skeletal cube constructs displaying a strong
linear and geometric composition with a lot of voids. These
voids hint at the artists emphasis on intangibility and the
absence of a narrative or meaning that viewers often yearn
1960
for when studying a work of art. The artist claimed that art
does not need to imply any sort of meaning and can exist for
its own sake, which further highlights his emphasis on the
idea or concept of a work. This theme is repeatedly explored

throughout his major works, a notable example being the
Pyramid(Fig.1). This strong emphasis reflects LeWitts
prejudice towards intangibility (a concept) over tangibility,
where the former can ultimately sustain its existence infinitely
Sol
contrary to the finite lifespan of the latter, which is vulnerable
1928 - 2007
to decay or destruction.
LeWitt
. 3

.
.
,

Sol LeWitt
Fig.1 <Pyramid>
painted wood
121.9121.9121.9(h), 2005
198
199
133
1928 - 2007 American

Sol LeWitt
OpenCubeStructure
painted wood
7373253(h)cm, 28.728.799.6(h)in
KRW 200,000,000 - 350,000,000

USD 181,800 - 318,100

.

.

200
Sol LeWitt
201
b. 1929
Claes
Oldenburg
(Claes
As one of the most innovative artists of the postwar period,
Oldenburg)
Oldenburg is best known for his playfully surreal sculptures
that glorify ordinary, modern day object. Lot 134. Fagend
Study is a perfect example of the artists practice, whereby
, , .
a used cigarette butt has been manipulated in scale, making
the instantly recognizable object seem mysteriously unfamiliar.
Appropriating the form of a conventional, commonplace
object and recasting it at an enormous proportion, the artist
1959 . 1950
simultaneously plays at the viewers perception of reality and
1960 (objet)
the irony of the subject matter on view. Much like his peers
of the Pop Art movement, Oldenburg challenged the somber
(Allan Kaprow)
bravado of Abstract Expressionism that had swept over New
(Judson Memorial Church) (Judson Gallery)
York by modifying its thickly impastoed bravura paint with
figurative images and found objects. While many would label
, 1961 The Store (see Fig.3)
Oldenburg as an abstract artist, the artist saw himself as a
realist.
His curiosity in the surreal portrayal of everyday life is further
explored in his other works, most notably the Three Way
Plug(Fig.1) and Soft Toilet(Fig.2). Similar to the offered
1963 Los Angeles The Home
work, the physical qualities of these ordinary objects are
, Fag Ends
manipulated; the small plug is transformed into a colossal
Three Way Plug(Fig.1), Soft
scale and the toilet we recognize as robust is reinvented into
Toilet(Fig.2) . 1962
a soft, deflated sculpture. These works, including the one on
Soft Sculpture ,
offer, are part of a body of work labeled The Home, which
was inspired by his move to Los Angeles and its foreign
surroundings. The Home is one of several bodies of work
, , .
produced by Oldenburg - among these are The Street and
The Store(see Fig.3), which explore urban life and everyday
goods respectively.
" , , , 1961
,
,
"I am for the art that a kid licks, after peeling away the wrapper. I am for an
art that is smoked, like a cigarette, smells, like a pair of shoes (C. Oldenburg, "I Am
For an Art... in Environments, Situations, Spaces, Martha Jackson Gallery, New York, 1961, p. 39).
Fig.1 <Three Way Plug>
Fig.2 <Soft Toilet>
Fig.3 <Pastry Case> of 'The Store'
steel and bronze
mixed media
plaster sculptures on ceramic plates,
297.2198.1147.3(h)cm, 1970
71.876.2141(h)cm, 1966
metal platter and cups in glass-and-metal case

76.537.352.7(h)cm, 1961-62
202
203
134
b.1929 American
Claes Oldenburg
FagendStudy
steel
18073.587(h)cm, 70.928.934.3(h)in
1975
KRW 200,000,000 - 300,000,000

USD 181,800 - 272,700
Lot 134 Bottom
204
205
135

1930 - 2002 French

Niki de Saint Phalle
NanawithHandbag
painted resin
3214.560(h)cm (edition 3/150), 12.65.723.6(h)in
2000
KRW 50,000,000 - 70,000,000

USD 45,400 - 63,600

. 1950 , 1961
(Nouveau
Ralisme) .
. ,
, .
,
.
.
.
. 1964 ,
. ,
.
Niki de Saint Phalle, , 2006
206
207
136
137
1928 - 2005 French/American
Arman
b.1951 German
Ralph Fleck
Violin
Antiquariat5/VIII
bronze
241160(h)cm (edition 9/99), 9.44.323.6(h)in
oil on canvas
120100cm, 47.239.4in
2011
KRW 12,000,000 - 25,000,000

USD 10,900 - 22,700
Lot 136 Reverse
208
KRW 20,000,000 - 40,000,000

USD 18,100 - 36,300
209
138
b.1951 German
Ralph Fleck
WinterSport21/V
oil on canvas
162.2130.3cm, 63.951.3in
2010
KRW 45,000,000 - 60,000,000

USD 40,900 - 54,500
210
211
140
b.1967 Japanese
Hiroto Kitagawa
ShokoNia
color on terra cotta
3224135(h)cm, 12.69.453.1(h)in
2008
LITERATURE:
HIROTO KITAGAWA, Tokyo Gallery + Beijing Tokyo Art Project,
2008, pp.28-29
KRW 20,000,000 - 35,000,000

USD 18,100 - 31,800
139
b.1944 Israeli
David Gerstein
X-RAY
hand-painted on steel
601380(h)cm (edition 2/150), 23.65.131.5(h)in
2008
KRW 12,000,000 - 15,000,000

USD 10,900 - 13,600

.
.
.
212
213
Korean Traditional
Art & Craft

LOT
141 ~ 183
215
141
1914 - 2001
Kim KiChang
a. Chrysanthemum and Bottle

b. Orchid and Vase
each 4534cm, 2pcs, each 17.713.4inch
1955
a.sealed on the lower right
b.sealed on the lower left
LITERATURE:
I, , 1994, pp.222 - 223
142
1914 - 2001
Kim KiChang
Blue-and-green style Landscape

ink and color on silk
64.5119.5cm, 25.447inch
1984
LITERATURE:
, , 1994, p.74
KRW 22,000,000 - 35,000,000

USD 19,800 - 31,800
KRW 10,000,000 - 20,000,000

USD 9,000 - 18,100
216
217
143
1914 - 2001
Kim KiChang
Boating
3544cm, 13.817.3inch
KRW 4,500,000 - 8,000,000

USD 4,000 - 7,200
218
144
b.1933
Min KyungKap
Landscape
ink and color on paper
70141.5cm, 27.655.7inch
2002
KRW 7,000,000 - 12,000,000

USD 6,300 - 10,900
219
145
b.1929
Suh SeOk
Flowers
each 128.532cm, 8panels, each 50.612.6inch
1958
signed and sealed on each panel
KRW 8,000,000 - 15,000,000

USD 7,200 - 13,600
220
221
146

Ahn JungShik and others
10 Corporated Work
ink and light color on silk
each 162.536.5cm, 10panels, each 6414.4inch
1917
10
a. (1897-1972), < >
. , ,
b. (1852-1927), < >
c. (1861-1919), < >
, , , , ,
d. (1855-1921), < >
, , ,
e. (1899-1978), < >
f. (1892-1979), < >

g. (1897-1940), < >
KRW 20,000,000 - 50,000,000

USD 18,100 - 45,400
h. (1899-1965), < >

i. (1851-1919), < >
j. (1860-1923), < >
222
223
147
1899 - 1976
Byun KwanSik
Four Seasons Landscape

each 123.533cm, 10panels, each 48.613inch
1963
KRW 18,000,000 - 40,000,000

USD 16,300 - 36,300
224
( ) ,

.
,
. .
S ,
. .
225
148
226
1899 - 1978
Roh SooHyun
149
1809 - 1892
Huh Ryun
Landscape
Landscape Distich


each 10830cm, 2panels, each 42.511.8inch
each sealed on the top
KRW 7,000,000 - 12,000,000

USD 6,300 - 10,900
KRW 7,000,000 - 12,000,000

USD 6,300 - 10,900
227
151

?-?
Yoo Hang
a., Landscape
b., Chrysanthemum
ink on paper
each 51.322.4cm, each 20.28.8inch
signed and sealed on the top
KRW 2,000,000 - 6,000,000

USD 1,800 - 5,400
150
1809 - 1892
Huh Ryun
() (18641953) () .
,
Plum Blossom and Bamboo

ink on paper
sealed on each panel
KRW 8,000,000 - 12,000,000

USD 7,200 - 10,900
.
.
,
( )
() .
. () ()
() .
18 19 .
() .

.
.
228
229
152
230
1830 - ?
Lee GunPil
153
1832 - 1914
Jung HakGyo
Wild Geese
Oddly Shaped Rock
ink on paper
24.516cm, 9.66.3inch
sealed on the upper left
ink on silk
145.546.5cm, 57.318.3inch
sealed on the front
KRW 3,000,000 - 6,000,000

USD 2,700 - 5,400
KRW 3,000,000 - 8,000,000

USD 2,700 - 7,200
231
154
155
a. Calligraphy
b. Bamboo
1863 - 1933
Kim KyuJin
ink on silk
a.13643.5cm, 53.517.1inch
b.140.547cm, 55.318.5inch
1923
each signed and sealed on the lower left
KRW 2,000,000 - 6,000,000

USD 1,800 - 5,400
1820 - 1898
Lee HaEung
ink and light color on silk

126.538cm, 49.815inch
1887
signed and sealed on the right
KRW 8,000,000 - 15,000,000

USD 7,200 - 13,600
232
233
156
1707-1769
Shim SaJeong
Flowers and Bird

2315.5cm, 9.16.1inch
KRW 25,000,000 - 40,000,000

USD 22,700 - 36,300
() , ()
1707 () ,
.
" ,
, , ." ,
.

,
. , ()
. () .
, , , 2000
234
235
157
Guo Ziyis Banquet

each 5835.5cm, 8panels, each 22.814inch
19
KRW 30,000,000 - 60,000,000

USD 27,200 - 54,500
(, 697-781)
. ()
() () .
.

, () .

19 ,
, .
, 1 3
, 4
.(1) 5
(2) , 6 8 (),
. ,
.
236
237
158
<> (), () ,
Anonymous
<()>, () ()
<()>, , <(
Landscape
)> .

19
, , 19 .
KRW 10,000,000 - 15,000,000

USD 9,000 - 13,600
(), 7 8 () ()
1, 2, 5, 7, 8. 1
(), 2 () () . 5
() .
346 . 3 , 4 , 6
. , () ,
.
238
239
159

Anonymous
Legendary Scene
ink on silk
19
KRW 10,000,000 - 15,000,000

USD 9,000 - 13,600
() .
() ,
.

(), .
,
19
. ,

.
,
. ()
, () ()
, () , (
) ,
.
240
241
() . (16371692)
160
The Cloud Dream of the Nine

20
KRW 18,000,000 - 25,000,000

USD 16,300 - 22,700
17 . ()
, , . ,
.
<()> 10
. , ,
, ,
, , , ,
, .
, ()
, . ,
, .
242
243
161
1501 - 1570
Lee Hwang
Collection of Calligraphy
ink on paper
35.827cm, 16, 14.110.6inch
1556
KRW 28,000,000 - 40,000,000

USD 25,400 - 36,300
<()> , , .
3 () (). , ()
(1556) () (, 1524~?) (, )
(, 1499?) , . (1743)
(, 1703~1755)
.
<()> ()
.
, ,, , , 18 (),
.
244
245
163

1831 - 1915
Kim SeokJun
Calligraphy
ink on paper
1907
LITERATURE:
, , 2002, p.691
- ,
|, 2002, p.97
KRW 7,000,000 - 10,000,000

USD 6,300 - 9,000
162
1786 - 1866
Priest ChoUi
(), (). (), (
( ) ( ) .
), () . ()
()
(, ) .
, () .
<()> ,
.
Poetry
ink on paper
31.545.5cm, 12.417.9inch
1859
KRW 10,000,000 - 18,000,000

USD 9,000 - 16,300
, () .
, .
*(,) ,
, .
() .
() , .
, .
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, .
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, .
*()- , () () ()
246
(; 1280~1354), (), (; 1308~1385) (

) .
247
164
1820 - 1898
Lee HaEung
(), (). .
. , . ()
1895 .
Calligraphy
() . (1130-1200)
() . ,
ink on paper
each 12427cm, 10 panels, each 48.810.6inch
KRW 12,000,000 - 18,000,000

USD 10,900 - 16,300
. . .
, . , , . , .
, . ,
. . .
248
249
165
Manual of Procedures of Royal Banquet

ink on paper
26.76.5cm, 53p, 10.52.6inch
1904
KRW 5,000,000 - 10,000,000

USD 4,500 - 9,000
()
. <()> 51(1904)
() ()
(, ) .
, ,
.
250
251
166
167
1876 - 1949
Kim Gu
Calligraphy
Lot169 Lot170 , ()
1876 - 1949
Kim Gu
Poetry
1947(72) . <()>
ink on paper
117.528cm, 46.311inch
1947
ink on paper
10129.5cm, 39.811.6inch
1947
() () <> .
( 1898-1969) <>
.
KRW 5,000,000 - 15,000,000

USD 4,500 - 13,600
KRW 7,000,000 - 15,000,000

USD 6,300 - 13,600
29(1947) 10 72
() ()
29(1947) 12 72
( ).
252
253
168
254
An Inlaid Lacquer Dining Table
169

Clothing Chest
lacquer, mother-of-pearl and tortoiseshell on wood

42.530.513.5(h)cm, 16.7125.3(h)inch
wood
643299(h)cm, 25.212.639(h)inch
KRW 3,500,000 - 6,000,000

USD 3,100 - 5,400
KRW 7,000,000 - 12,000,000

USD 6,300 - 10,900
255
171
7
Earthen Pots
a. , 2461(h)cm, 9.424(h)inch
b. , 5797(h)cm, 22.438.1(h)inch
c. 4686(h)cm, 18.133.8(h)inch
d. , 32.568(h)cm, 12.726.7(h)inch
e. , 2628(h)cm, 10.211.2(h)inch
f. , 3462(h)cm, 13.324.4(h)inch
g. , 3258(h)cm, 12.522.8(h)inch
KRW 12,000,000 - 20,000,000

USD 10,900 - 18,100
170
Gold Earrings
d
gold
each 2.52.58.5cm, 3pairs, each 113.3inch
6
g
f
KRW 20,000,000 - 30,000,000

USD 18,100 - 27,200
256
257
172
Helmet
leather and steel
2338(h)cm, 9.115(h)inch
KRW 120,000,000 - 200,000,000

USD 109,000 - 181,800
. ()
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258
259
173
Ink-Stone
stone
29191.7(h)cm, 11.57.50.7(h)inch
KRW 15,000,000 - 25,000,000

USD 13,600 - 22,700
260
174

White Porcelain Ink Jar in Underglaze Cobaltblue
diameter 7.35.5(h)cm, diameter 2.92.2(h)inch
19
KRW 8,000,000 - 12,000,000

USD 7,200 - 10,900
261
175
262
White Porcelain Jar in Underglaze Cobaltblue
176
White Porcelain Water-Dropper
10.512(h)cm, 4.14.7(h)inch
19
diameter 109(h)cm, diameter 3.93.5(h)inch

19
KRW 5,000,000 - 10,000,000

USD 4,500 - 9,000
KRW 20,000,000 - 35,000,000

USD 18,100 - 31,800
263
177
264

White Porcelain Dish in Underglaze Cobaltblue
178
White Porcelain Ritual Vessel
1795(h)cm, 6.73.52(h)inch
19
20.516.59.5(h)cm, 8.16.53.7(h)inch
19
KRW 12,000,000 - 20,000,000

USD 10,900 - 18,100
KRW 18,000,000 - 40,000,000

USD 16,300 - 36,300
265
179
266
White Porcelain Flat Bottle
180
White Porcelain Bowl in Underglaze Cobaltblue
156.517(h)cm, 5.92.66.7(h)inch
18
219.5( h)cm, 8.33.7(h)inch

19
KRW 4,000,000 - 8,000,000

USD 3,600 - 7,200
KRW 8,000,000 - 15,000,000

USD 7,200 - 13,600
267
181
White Porcelain Bowl and Cover in Underglaze Cobaltblue

14.5913.5(h)cm, 5.73.55.3(h)inch
19
KRW 40,000,000 - 60,000,000

USD 36,300 - 54,500
.
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268
269
182
270
2
White Porcelain Jar
183
Celadon Cup
each 1314(h)cm, 2pcs, each 5.15.5(h)inch

16
11.55(h)cm, 4.52(h)inch
12
KRW 5,000,000 - 10,000,000

USD 4,500 - 9,000
KRW 6,000,000 - 10,000,000

USD 5,400 - 9,000
271
Public Institution
Consignment

LOT
272
301 ~ 335
273
301
1904 - 1989 Spanish

Salvador Dali
Venus Spatiale
bronze
313565(h)cm (edition 169/350), 12.213.825.6(h)in
1984
KRW 20,000,000 - 30,000,000

USD 18,100 - 27,200
.
,
.
.
.

Lot 301 Bottom
274
275
302
1921 - 2006 Dutch

Karel Appel
Personnages
oil on canvas
80.3100cm, 31.639.4in
1961
KRW 150,000,000 - 225,000,000

USD 136,300 - 204,500
Winner of the 1954 Venice Biennale UNESCO prize, Karel Appel
produced works inspired by primitive art and childrens drawings.
As one of the key members of the COBRA movement, Appels
Personnages is a definitive work of Appels artistic practice. The
movement was driven by an avant-garde force, and even produced a
manifesto titled La Cause Etait Entendue (The Case was Settled)
which outlined their artistic doctrines. This doctrine expressed the need
, ,
for freedom of color, expression and form which is unquestionably
present in the work offered. Influenced by the works of Pablo Picasso,
Henri Matisse and Jean Dubuffet, Personnages displays violent
brushstrokes and a thick application of paint combined with both
figuration and abstraction of his subjects. The semi-abstraction of
the subjects expresses a sense of spontaneity almost resembling
the drawings of a child. While this may appear to be the result of a
collective source of inspiration, Appel deliberately took advantage of
Karel Appel Retrospective, , 1994
the assumed urgency, immediacy and innocent aggression of a child
Appel - Figures et paysages, Gallery Lelong, 1996
as a means to liberate artistic creativity from the aesthetic conventions
Karel Appel Unintended Monuments, Gallery Lelong, 1997
of the pre-war art scene. Hip, Hip, Hoorah! (Fig.1) is a similar work
by that exemplifies the doctrines of the COBRA manifesto and is
one of the most recognized works by the artist. Appels works have
frequently appeared in the international auction market, realizing prices
that exceed market expectations. Appels involvement in the COBRA
movement has left a legacy even up to this day, with a museum
dedicated to a collection of his works derived from this movement.
Fig.1 <Hip, Hip, Hoorah!>

oil on canvas, 81.7x127cm, 1949
276
277
Recognized for his love of color and form, Hundertwassers
(Friedensreich Hundertwasser).
Lot 135 is an exceptional example of his artist career. The
1928
work on offer displays many of his aesthetic principles
2000
which are distinguishable through his repeated use of
complementary colors and irregular forms that make up
the surface of the work. His choice of color is instinctive,
1 , 2
almost accidental, which denies room for any symbolic
70
interpretation. The highlight of this work, however, is how it
served as a foundation for his later reclaimed architectural
1934 6
style that cultivated Hundertwasser to become the artist he
"
is remembered for today. This can be identified through its
" . 20 1948
strong resemblance to the Hundertwasser House(Fig.1)
<Rain in the Meadow>
in Vienna that was completed in 1985. The theory behind
the construction of this building was that human misery
was the direct result of rational, monotonous architecture.
1949 , 1950
To challenge this norm, he averted from the use of straight
(Friedrich Stowasser)
lines and precise geometry as reflected in the crooked lines
() ()
and irregular windows. These elements, along with the use
. 1961
of eccentric colors, test the viewers expectations of what
Tokyo Gallery Mainichi Prize
architecture should look like. Lot 135 almost functions as a
blueprint of two dimensional form that precedes the artists
(Friedereich) (Friede)
architectural theories and is an incomparable example of his
(Reich)
artistic practice.
, ,
.
' '
Friedensreich 1928 - 2000

Hundertwasser
<Untitled>
.

.

.
.

, ,
. , ,
,
..
Even if man is forced to walk through streets straight as a ruler, his personal, individual trail is never
straight, but subject to his momentary impulses.
(Hundertwasser, in: Hundertwasser Architecture, Cologne, 1997, p.27)
278
, ,
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. ,

.
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Fig.1 <Hundertwasser House>

Vienna, 1983-1985
279
303
1928 - 2000 Austrian
Friedensreich Hundertwasser
Les conserves du sang, de l'or et de l' pinard sur une tagre

mixed media
11773cm, 46.128.7in
1957
KRW 300,000,000 - 450,000,000

USD 272,700 - 409,000
280
281
305
304
282
Book Shelf Chest
Book Shelf Chest
wood
973845.5(h)cm, 38.21517.9(h)inch
wood
5736166(h)cm, 22.414.265.4(h)inch
KRW 6,000,000 - 12,000,000

USD 5,400 - 10,900
KRW 5,000,000 - 12,000,000

USD 4,500 - 10,900
283
284
306
307
Book Shelf Chest
low wooden bench
wood
4731137.5(h)cm, 18.512.254.1(h)inch
wood
1849214.5(h)cm, 72.436.25.7(h)inch
KRW 2,500,000 - 6,000,000

USD 2,200 - 5,400
KRW 4,000,000 - 10,000,000

USD 3,600 - 9,000
285
308
286
Paper File
309
Document Chest Desk
wood
21.312.378(h)cm, 8.44.830.7(h)inch
wood
6331.534(h)cm, 24.812.413.4(h)inch
KRW 5,000,000 - 10,000,000

USD 4,500 - 9,000
KRW 2,500,000 - 6,000,000

USD 2,200 - 5,400
287
310
288
Desk
311
Book Shelf
wood
74.531.534(h)cm, 29.312.413.4(h)inch
wood
96.54389(h)cm, 3816.935(h)inch
KRW 5,000,000 - 10,000,000

USD 4,500 - 9,000
KRW 4,000,000 - 10,000,000

USD 3,600 - 9,000
289
312
Book Shelf Chest

wood
7840155(h)cm, 30.715.761(h)inch
KRW 144,000,000 - 160,000,000

USD 130,900 - 145,400
.
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. ,

. ,
.
290
291
313
Book Chest
wood
94.537175(h)cm, 37.214.668.9(h)inch
KRW 144,000,000 - 160,000,000

USD 130,900 - 145,400
,
.
.
,
, .

.
292
293
314
294
Book Chest
315
Book Chest
wood
7942.5167(h)cm, 31.116.765.7(h)inch
wood
67.539.5164(h)cm, 26.615.664.6(h)inch
KRW 5,000,000 - 12,000,000

USD 4,500 - 10,900
KRW 8,000,000 - 20,000,000

USD 7,200 - 18,100
295
316
317
Book Chest
Wardrobe
wood
79.540.5164.5(h)cm, 31.315.964.8(h)inch
KRW 4,000,000 - 10,000,000

USD 3,600 - 9,000
296
wood
83.53553.5(h)cm, 32.913.821.1(h)inch
KRW 2,500,000 - 6,000,000

USD 2,200 - 5,400
297
c
b
318
Dining Table
wood
diameter 60.547(h)cm, diameter 23.818.5(h)inch
KRW 3,000,000 - 7,000,000

USD 2,700 - 6,300
319
3
Dining Table (3works)
wood
a. 624633(h)cm, 24.418.112.9(h)inch
b. 362824(h)cm, 14.1119.4(h)inch
c. 4438.527(h)cm, 17.315.110.6(h)inch
KRW 3,000,000 - 7,000,000

USD 2,700 - 6,300
298
299
320
Dining Table
wood
43.543.532(h)cm, 17.117.112.6(h)inch
KRW 3,000,000 - 6,000,000

USD 2,700 - 5,400
321
3
Dining Table (3works)
wood
a. 45.533.527.5(h)cm, 17.913.110.8inch
b. 52.537.529(h)cm, 20.614.711.4inch
c. 5237.530(h)cm, 20.414.711.8inch
KRW 4,000,000 - 10,000,000

USD 3,600 - 9,000
300
301
322
Dining Table
wood
a. 4739.526.5(h)cm, 18.515.510.4inch
b. 1066844(h)cm, 41.726.717.3inch
KRW 2,500,000 - 5,000,000

USD 2,200 - 4,500
302
323
Dining Table
wood
5033.528(h)cm, 19.713.211(h)inch
KRW 3,000,000 - 6,000,000

USD 2,700 - 5,400
303
324
Inlaid Celadon Vase

12.533(h)cm, 4.913(h)inch
13
KRW 50,000,000 - 75,000,000

USD 45,400 - 68,100
<> 13 .
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304
305
325
A Celadon Kirin-Shaped Incense-burner

1921(h)cm, 7.58.3(h)inch
13
KRW 10,000,000 - 15,000,000

USD 9,000 - 13,600
306
326

Attributed to Shim SaJeong
Grass and Insects

2822cm, 118.7inch
KRW 5,000,000 - 7,500,000
USD 4,500 - 6,800
307
327
1584-1637
Lee Hyun
1770 - 1847
Lee SamMan
Letter
Calligraphy
ink on paper
4251.7cm, 16.520.4inch
ink on paper
each 9438cm, 8panels, each 3715inch
KRW 1,750,000 - 2,625,000

USD 1,500 - 2,300
308
328
KRW 4,000,000 - 6,000,000

USD 3,600 - 5,400
309
329
1587 - 1666
Oh Jun
() () '(
)' (), () '
Books of Calligraphy
()' . 6
ink on paper
2929cm, 24, 11.411.4inch
1661
KRW 10,000,000 - 15,000,000

USD 9,000 - 13,600
() () () , ()
() , ()
.
75 1661(2) 4 , .

.
.
310
311
b
a
330
1705 - 1777
Lee KwangSa
a.
b. Books of Calligraphy
(1705~1777) .
. (),(),() , ()
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ink on paper
34.5x22cm, 10, 13.58.6inch
32.7x20cm, 24, 12.87.8inch
, 1755(31)
() .
KRW 7,000,000 - 10,500,000

USD 6,300 - 9,500
312
313
331
1769 - 1845
Shin Wee
ink on paper
34.519.5cm, 10, 13.67.7inch
KRW 3,500,000 - 5,250,000

USD 3,100 - 4,700
332
Anonymous
Calligraphy
ink on paper
a.
b.
KRW 1,000,000 - 1,500,000

USD 900 - 1,300
314
315
333
1521 - ?
Hwang KiLo
Calligraphy
rubbed copy
KRW 1,250,000 - 1,875,000

USD 1,100 - 1,700
334
The Declaration of Independence

lithograph
3751cm, 14.620.1 inch
KRW 9,000,000 - 13,500,000

USD 8,100 - 12,200
<> 1919 2, .
33 28 31 .
38 ,
.
,
.

,
.2
,3
!
316
317
335
Han Ho
1543 - 1605
ink on paper
38.526.5cm, 8, 15.210.4inch
KRW 11,000,000 - 16,500,000

USD 10,000 - 15,000
,
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323
A u c t i o n t e r m s (for auctions held by K Auction in Korea)
Article 1 Purpose
1.1 These terms and conditions of auction (these
"Auction Terms") and the Important Notices (the
"Important Notices") contained in the relevant
Auction Catalogue (defined below) contain all the
terms and conditions on which:
1.1.1 K Auction Inc. ("K Auction") shall conduct an
Auction (defined below);
1.1.2 prospective Bidders shall register and/or
apply to place, and Bidders shall place, bids
in such Auction; and
1.1.3 K A u c t i o n a n d t h e S e l l e r ( i n c l u d i n g
Consignor) shall contract with the Buyer
in connection with the sale of any lot in
such Auction(Consignment Agreement).
K Auction and the Consignor shall have a
separate Consignment Agreement containing
additional terms between both parties.
Article 2 Definition
2.1 "Auction" means an offline auction conducted by K
Auction from time to time in accordance with these
Auction Terms and/or the Important Notices.
2.2 "Auction Catalogue" means, in relation to an
Auction, the catalogue(including e-catalogue)
published by K Auction containing descriptions and
information on the lots scheduled to be sold at such
Auction. Auction Catalogue and/or elsewhere
means but not restricted to, every material produced
by K auction (including materials on the K Auction
official website, web mail, SMS, smartphone
application, listbook, brochure, condition report, lot
recommendation, research study, screen display at
Auction, marketing and promotional printouts).
2.3 "Auction Date" means, in respect of any lot, the
date on which such lot is scheduled to be sold at an
Auction.
directors, officers, employees and/or agents in

connection with the sale of such lot pursuant to
these Auction Terms and/or the Important Notices
and payable by the Buyer to K Auction.
2.10 "Buyer's Premium" means, in respect of any lot,
the premium payable by the Buyer to K Auction in
accordance with these Auction Terms in connection
with the Consignment Agreement and such lot.
2.11 "Consignor" means, in respect of any lot, the person
who has consigned such lot to K Auction to be
sold at an Auction by entering into a consignment
agreement with K Auction prior to the start date of
such Auction.
2.12 "Estimate Price" means, in respect of any lot, the
estimated value of such lot as determined by K
Auction in its sole and absolute discretion.
2.13 Starting Price means, in respect of any lot, the
start price of such lot, determined by K Auction or
the Auctioneer in its sole and absolute discretion.
2.14 "Hammer Price" means, in respect of any lot, the
sale price of such lot, being the amount equal to the
highest bid accepted by the auctioneer by striking
his/her hammer and calling the paddle number
of the relevant Bidder in accordance with these
Auction Terms.
2.15 "Purchase Price" means, in respect of any lot, an
amount equal to the sum of the Hammer Price and
the Buyer's Premium of such lot.
2.16 "Reserve Price" means, in respect of any lot, the
minimum selling price of such lot agreed in writing
between the Seller and K Auction (if the Consignor is
the Seller), or determined by K Auction (if K Auction
is the Seller), as the case may be, prior to the sale of
such lot.
2.17 " S e l l e r " m e a n s , i n re s p e c t o f a n y l o t , t h e
counterparty to the contract of sale of such lot,
which shall be K Auction or the Consignor.
2.4 "Auction Period" means, in relation to an Auction,

the date(s) on which such Auction is held.
2.5 "Bidder" means, in relation to an Auction, any
person who has applied to K Auction to place bids
in such Auction and accepted by K Auction or, if
applicable, has received written confirmation of such
application from K Auction in accordance with these
2.6 "Business Day" means a calendar day which is not
a Saturday, a Sunday or a public holiday in Korea.
2.7 "Buyer" means, in respect of any lot, the Bidder who
is declared by the auctioneer to be the Bidder who
has made the highest bid for such lot in accordance
with these Auction Terms.
Article 3 K Auction as agent or as the Seller

Except in respect of any lot of which K Auction is the
Seller, K Auction shall act as agent of the Consignor (being
the Seller) in selling the Consignor's lot in an Auction. The
contract for the a lot shall be made between the Seller
and the Buyer.
Article 4 Previews
2.8 "Buyer Withdrawal Fee" means, in respect of any

lot, an amount equal to 30% of the Hammer Price of
such lot.
4.1 K Auction will hold preview(s) of lots scheduled to

be sold at an Auction which will be open to the
public and free of charge, provided however, that
K Auction may, in its sole and absolute discretion,
require proof of identity satisfactory to it before
admitting any person to any preview and/or refuse
admission of any person to any preview.
2.9 "Buyer's Expenses" means, in respect of any lot,

any taxes, costs, charges or expenses including,
but not limited to, any currency conversion costs,
storage charges, packaging, delivery and transit
insurance costs, incurred by any of K Auction, its
4.2 K Auction may give notice of the place, date, time

and duration of any preview in the relevant Auction
Catalogue and/or elsewhere. K Auction may, in its
sole and absolute discretion, cancel, or change the
place, date, time and/or duration of, any preview
324
without prior notice. K Auction may, in its sole and

absolute discretion, determine not to sell any lot
exhibited at a preview in the relevant Auction or any
Auction at all.
(or vice versa) at the specified rates, at any particular

rates or at all. K Auction shall not be responsible for
any error or omission, however caused, arising from,
or in connection with, conversion of Estimate Price
or Starting Price expressed in Korean Won into US
Dollar, Hong Kong Dollar or Chinese Yuan.
Article 5 Bidder registration

Unless otherwise agreed in writing with K Auction prior to
the start date of the relevant Auction Period, prospective
Bidders, including first-time prospective Bidders, shall
register and/or apply to place bids in an Auction by
completing and sending to K Auction the relevant
registration form and any supplementary document
specified in such registration form and/or requested by
K Auction in accordance with the Important Notices.
Registration of prospective Bidders and application to
place bids in writing or by telephone will be conducted
as prescribed in the relevant Important Notices. K
Auction shall use reasonable endeavours to process
any registration and/or any application to place bids,
provided however, that K Auction shall not be responsible
for any failure to do so or delay in doing so, or for any
error and/or omission by K Auction, its directors, officers,
employees and/or agents in processing such registration
and/or application, howsoever caused.
Article 6 Estimate Price and Starting Price

6.1 K Auction may provide a lower Estimate Price, a
higher Estimate Price and/or a Starting Price for each
lot in Korean Won, US Dollar, Hong Kong Dollar and/
or Chinese Yuan in the relevant Auction Catalogue
and/or elsewhere during the relevant Auction Period.
K Auction may, in its sole and absolute discretion,
change at any time before and up to the time of
the sale of any lot the Estimate Price or Starting
Price of such lot without prior notice. Estimate
Price or Starting Price will not include the Buyer's
Premium and/or any Buyer's Expenses payable by
the Buyer to K Auction. Estimate Price or Starting
Price provided by K Auction will be for reference
only and shall not be an indication of the value or
the Hammer Price of the relevant lot. K Auction shall
not be responsible for any Estimate Price or Starting
Price being quoted in the public.
6.2 Except as otherwise expressly provided in these
Auction Terms and/or the Important Notices, the
Estimate Price or Starting Price shown in US Dollar,
Hong Kong Dollar or Chinese Yuan in any Auction
Catalogue and/or elsewhere will be for reference
only and all bids and payment shall be in Korean
Won. In respect of Estimate Price or Starting Price
provided in an Auction Catalogue and/or elsewhere,
the relevant Important Notices will contain the rates
of exchange used for converting the Estimate Price
or Starting Price expressed in Korean Won into US
Dollar, Hong Kong Dollar or Chinese Yuan. Such
rates of exchange will be obtained on practicable
date prior to the printing of the relevant Auction
Catalogue and may change at any time thereafter.
No representation is made that any of the US Dollar,
Hong Kong Dollar or Chinese Yuan amounts shown
in any Auction Catalogue and/or elsewhere could
have been or could be converted into Korean Won
Article 7 Conduct of Auction and conclusion of

the sale of a lot
7.1 K Auction may give notice of the scheduled date,
time, duration and place of an Auction in the
relevant Auction Catalogue and/or elsewhere,
provided however, that K Auction may, in its sole
and absolute discretion, cancel, or change the date,
time, duration and/or place of, any Auction at any
time without prior notice.
7.2 Each of K Auction and the auctioneer may, in its sole
and absolute discretion, refuse admission of any
person to any Auction and/or reject any bid (whether
made in person, in writing or by telephone) placed in
any Auction.
7.3 Each lot shall be sold subject to the Reserve Price
of such lot and the auctioneer shall not accept
any bid below such Reserve Price in principle. The
auctioneer shall keep the Reserve Price confidential.
The auctioneer may place bids on behalf of the
Seller below the Reserve Price or Starting Price by
either placing consecutive bids or entering bids in
response to bids placed in person, in writing or by
telephone (as the case may be). The auctioneer may,
in its sole and absolute discretion, start the bidding
of any lot below the Reserve Price or Starting Price
of such lot, and may accept bids below the Reserve
Price or Starting Price without prior consent from the
Consignor. The auctioneer shall not place any bid on
behalf of the Seller at or above the Reserve Price.
The auctioneer shall not be obliged to specifically
identify bids placed on behalf of the Seller.
7.4 A Bidder may place bids in person, in writing or by
telephone, subject to, and in accordance with, these
Auction Terms and/or the Important Notices. All
Bids placed may be recorded or documented and
Bidders shall be deemed to have consented to the
recording and documentation of their conversations
by placing bids.
7.5 Subject to Clauses 7.6 and 7.7:
7.5.1 in the case of bids placed in person, the
Bidder shall place his/her bid by raising his/
her paddle after the auctioneer's call in the
auction hall; 7.5.2 in the case of written bids,
the auctioneer will call out such bids in the
auction hall before commencing to receive
bids placed in person or by telephone; and/or
7.5.3 in the case of bids placed by telephone,
K Auction's staff will place bids on behalf of
the Bidder in the auction hall.
7.6 In respect of a lot, K Auction shall use reasonable
endeavours to receive any written bid or telephone
bid, provided however, that K Auction shall not be
responsible for any failure to do so or delay in doing
so, or for any error and/or omission by K Auction,
its directors, officers, employees and/or agents in

receiving such bid, howsoever caused.
7.7 If, in respect of a lot, any written bid or telephone
bid is received by K Auction in accordance with
these Auction Terms and/or the Important Notices,
K Auction shall use reasonable endeavours to place
such bid, provided however, that K Auction shall
not be responsible for any failure to do so or delay
in doing so, or for any error and/or omission by K
Auction, its directors, officers, employees and/or
agents in placing such bid, howsoever caused.
7.8 In respect of a lot, if a written bid, bid in person,
bid by telephone have the same price, bidder has
priority in the order of written bid, bid in person and
bid by telephone subject to, and in accordance
with, these Auction Terms. If two written bids for a
lot have the same bid price, the Bidder of the written
bid first received by K Auction will be declared the
Buyer subject to, and in accordance with, these
Auction Terms.
7.9 K Auction may, in its sole and absolute discretion,
() withdraw any lot at any time before the
scheduled time of sale of such lot without prior
notice; () combine any two or more lots without
prior notice; () re-commence during the relevant
Auction Period, the auction of any lot which was
previously put up for sale during such Auction
Period but not sold without prior notice; () in
the event of any error arising in relation to, or any
dispute among the Bidders over the validity of, bids
placed in respect of a lot, determine the Buyer of,
continue the bidding process of, cancel the sale
of, and/or put up for resale, such lot; and/or ()
in the event that any dispute over the authenticity
of any lot, or the validity of the sale of any lot, has
arisen or may, in K Auction's sole opinion, arise,
refuse to place such lot in an Auction, discontinue
the bidding process and/or cancel the sale. In the
event that the bidding process or the sale of a lot is
discontinued or cancelled in accordance with this
Clause 7.9, the Buyer's sole and exclusive remedy
against K Auction and/or the Seller, as the case may
be, shall be the refund of the Purchase Price paid
by the Buyer for such lot (if any). Neither K Auction
nor the Seller shall be liable for any special, indirect
or consequential loss including, but not limited to,
loss of profits or loss of interest. For the avoidance
of doubt, K Auction shall not be liable to pay any
interest or indemnify any loss incurred as a result of
any foreign exchange rate fluctuation or otherwise.
7.10 Without prejudice to Clause 7.2, the contract
between the Seller and the Buyer for any lot shall
occur immediately upon the auctioneer accepting
the highest bid by striking his/her hammer and
calling out the paddle number of the relevant
Bidder. The Buyer shall sign a Successful Bidding
Confirmation confirming the purchase by him/her of
a lot on the date of the sale of such lot (where the
Buyer made his/her bid in person and is present in
the auction hall on the date of the sale) or as soon
as practicable (where the Buyer did not make his/
her bid in person or is not present in the auction hall
on the date of the sale).
7.11 Risk associated with, and responsibility for, a lot will

pass to the Buyer from the earlier of (i) the expiration
of seven calendar days from, but not including,
the date of the sale of such lot, and (ii) the date of
collection of such lot by the Buyer or its authorised
representative. Title to the lot, however, will not
pass to the Buyer until all amounts payable by the
Buyer to K Auction (for itself and/or on behalf of the
Consignor) under these Auction Terms and/or the
Important Notices have been received by K Auction
in good cleared funds.
7.12 Except as expressly provided in Clause 7.3, a
Consignor shall not, directly or indirectly, place bids
on his/her lots in an Auction.
Article 8 Marketing materials

K Auction holds the right to use any lot for any business
purpose of K Auction including posting images and/or
information relating to any lot in any Auction Catalogue
and/or elsewhere. The copyright in all images, illustrations
and/or written material produced by or for K Auction
relating to any lot, including the contents of any Auction
Catalogue and/or elsewhere, shall be and shall remain
at all times the property of K Auction and shall not be
used by the Buyer, nor by any other person, at any
time without K Auction's prior written consent. Neither
K Auction nor the Seller makes any representation or
warranty that the Buyer of a lot will acquire any copyright
or other reproduction rights in it.
Article 9 Buyer's Premium

9.1 In respect of any lot, the Buyer's Premium shall be
15%(excluding VAT) of the Hammer Price.
9.2 The Buyer's Premium shall be exclusive of any
Buyer's Expenses payable by the Buyer to K
Auction.
Article 10 Payments of the Purchase Price and

Delivery of lots
10.1 K Auction will provide to the Buyer an invoice or
invoices of the amounts due from the Buyer to K
Auction (for itself and/or on behalf of the Consignor)
under these Auction Terms and/or the Important
Notices listing the lot(s) purchased by the Buyer
in an Auction, the Hammer Price, the Buyer's
Premium, VAT and/or any Buyer's Expenses:
() in person on the day of the sale of the lot(s) (where
the Buyer made his/her bid in person and is present
in the auction hall on the date of the sale); or
() by fax, email or by post to the billing address or
email address provided by the Buyer in his/her
registration form as soon as practicable (where the
Buyer did not make his/her bid in person or is not
present in the auction hall on the date of the sale).
10.2 In respect of lot(s) purchased by the Buyer, the
Buyer shall pay to K Auction (for itself and/ or on
behalf of the Consignor) in accordance with these
Auction Terms and/or the Important Notices:
10.2.1 the full invoiced amount; and 10.2.2 any
325
other Buyer's Expenses incurred after the

invoice(s) has/have been sent to the Buyer,
within seven calendar days from, but not
including, the date of the sale of the lot(s).
K Auction and a Buyer may, prior to the
sale of the relevant lot, agree in writing for
the Purchase Price of such lot to be paid in
instalments.
10.3 Unless otherwise agreed in writing between the
Buyer and K Auction: () the Buyer shall be
personally liable to pay to K Auction (for itself and/
or on behalf of the Consignor) in accordance with
the Purchase Price and/or any Buyer's Expenses
payable by the Buyer in respect of any lot; and ()
K Auction will not accept any payment due to it (for
itself and/or on behalf of the Consignor) from any
other party other than the relevant Buyer.
10.4 If, in respect of any lot, K Auction (for itself and/or
on behalf of the Consignor) does not receive the full
amounts payable by the Buyer under this Clause 10
within seven calendar days from, but not including,
the date of the sale of such lot, K Auction may, in its
sole and absolute discretion, and unless agreed in
writing between the Buyer and K Auction:
10.4.1 cancel the sale of such lot and charge the
Buyer the Buyer Withdrawal Fee which
shall be due and payable by the Buyer on
demand;
10.4.2 put up such lot for resale in another Auction;
10.4.3 disclose any personal information on the
Buyer to the relevant Consignor to the
extent necessary for that Consignor to claim
against the Buyer;
10.4.4 set off against any amounts which K Auction
or any of its Affiliate (defined in Clause 17)
may owe the Buyer in any other transactions,
the outstanding amount remaining unpaid by
the Buyer; and/or
10.4.5 take such other action as K Auction deems
necessary or appropriate, without prejudice
to any other rights or remedies available to K
Auction by law.
10.5 The Buyer may cancel his/her purchase of any lot
within seven calendar days from the Sale date, if
agreed previously by K Auction in writing;
10.5.1 by giving written notice of cancellation to K
Auction; and
10.5.2 paying to K Auction the Buyer Withdrawal
Fee, within seven calendar days from, but
not including, the date of the sale of such lot.
The sale will be cancelled immediately upon
receipt by K Auction of such written notice
and the Buyer Withdrawal Fee.
10.6 Unless otherwise agreed in writing between K
Auction and the Buyer, K Auction will only release
the lot(s) purchased by the Buyer to the Buyer or its
authorised representative in accordance with this
Clause 10.6. The Buyer shall collect, or procure the
collection of, the lot(s) purchased by him/her at his/
her risk and expense within seven calendar days
from, but not including, the date of the sale of the
326
lot(s), provided however, that K Auction shall not be

obliged to release any lot:
Auction because no bid matched or exceeded the

Reserve Price at such Auction, K Auction may;
10.6.1 until full payment of all amounts payable by

the Buyer to K Auction (for itself and/or on
behalf of the Consignor) pursuant to this
Clause 10 is duly received by K Auction; or
10.6.2 without being provided with proof of
identity of the collector and (in the case
of an authorised representative) proof of
authorisation, satisfactory to K Auction.
12.1.1 receive bids in writing for such After Sale

Lot subject to the relevant Reserve Price
(including the revised Reserve Price after the
sale); and
12.1.2 accept the highest bid placed in accordance
with this Clause 12, provided however, that
K Auction shall not be obliged to accept
any bid if it deems, in its sole and absolute
discretion, that the relevant Bidder has not
provided all documents as may be requested
by K Auction pursuant to Clause 12.2 to its
satisfaction.
10.7 If agreed in writing between the Buyer and K

Auction, K Auction will arrange packaging, delivery
and transit insurance of the lot(s) purchased by the
Buyer at the Buyer's expense and risk. K Auction
shall not be responsible for any damage to, or the
loss of, such lot during packaging and/or the transit
period of such lot, howsoever caused.
10.8 K Auction will keep the lot(s) sold in an Auction at no
charge until the expiry of seven calendar days from,
but not including, the date of the sale of such lot(s),
after which the lot(s) will be stored by K Auction at
the Buyer's risk. If the Buyer fails to collect any lot
within such time period regardless of whether such
failure is caused by K Auction's refusal to release
such lot due to not having received from the Buyer
the full amounts due from the Buyer to K Auction (for
itself and/or on behalf of the Consignor) in respect
of such lot or not having received proof of identity
and/or authorisation pursuant to Clause 10.6, the
Buyer shall pay to K Auction a daily storage charge
of KRW30,000 per lot.
10.9 If any lot is not collected by the Buyer or its
authorised representative within 21 calendar days
from, but not including, the date of the sale of such
lot for whatever reason, K Auction shall not be
liable for any damage to, or the loss of, such lot(s),
howsoever caused.
Article 11 Export and/or import licences

The Buyer shall be responsible for obtaining any relevant
export/import licences and/or permits (the "Licences")
required for the export/import of the purchased lot(s).
K Auction may, at the written request of the Buyer,
introduce to Buyer a shipper to assist in obtaining the
necessary Licences at the Buyer's expense and risk. K
Auction does not accept any responsibility whatsoever in
respect of such introduction. Denial of the Licences and/
or delay in obtaining the Licences in respect of any lot
shall not be a ground for the Buyer to cancel the sale of
such lot or refuse or delay payment of the full amounts
payable by the Buyer to K Auction (for itself and/or on
behalf of the Consignor) pursuant to Clause 10.
In particular, bidders bidding on the lots considered
to be traditional Korean relics and treasures must fully
understand the terms of Korea Cultural Heritage Properties
Protection Law, which prohibits exportation of traditional
Korean relics and treasures.
Article 12 Sale after the Auction

12.1 If any lot (an "After Sale Lot") is not sold in an
12.2 A Bidder shall, when placing bids for any After

Sale Lot, send to K Auction any supplementary
document as may be requested by K Action in
written notice from time to time within the time
specified by K Auction in such notice.
12.3 The sale contract for any After Sale Lot shall occur
on the date of the invoice from K Auction to the
Bidder notifying K Auction's acceptance of his/her
bid. The invoice will list the lot(s) purchased by the
Buyer, the Hammer Price, the Buyer's Premium,
VAT and/or any Buyer's Expenses, due from the
Buyer to K Auction (for itself and/or on behalf of the
Consignor).
12.4 Clauses 1, 2, 3, 6, 7.2, 7.3, 7.6 to 7.9, 7.11, 7.12, 8,
9, 10.2 to 10.9, 11, 13 to 19 of these Auction Terms
and/or the relevant provisions in the Important
Notices shall apply in respect of the sale of any
After Sale Lot in accordance with this Clause 12 as
applicable and with the necessary amendments.
Article 13 No representations, warranties and

liabilities
13.1 A C o n s i g n o r a n d / o r B i d d e r a g r e e s a n d
acknowledges that all statements in respect of
any lot including, but not limited to, statements on
authorship, title, medium and/or size, contained in
any Auction Catalogue and/or elsewhere in writing
or made orally by any of K Auction, its directors,
officers, employees and/or agents and/or the
Seller at any time, are statements of opinion and
not statements of fact. So far as is permitted by
law and except as otherwise expressly provided
in this Clause 13, Clause 14 and/or Clause 15, all
representations, warranties, conditions, guarantees
and stipulations, express or implied, statutory,
customary or otherwise in respect of any lot are
and shall be expressly excluded (including, but
without limitation, warranties, conditions as to
title, rights to dispose, quiet possession, freedom
from encumbrances, merchantable or satisfactory
quality, fitness for purpose, description, size, quality,
attribution, authenticity, medium, provenance or
whether such lot is subject to copyright and/or
whether the Consignor and/or the Buyer acquires
copyright in such lot).
13.2 So far as is permitted by law, the lots shall be sold
on an "as is" basis as at the time of sale of the lots
(whether or not the Buyers are in attendance in

person at the Auction). Descriptions in the Auction
Catalogue and/or elsewhere may on occasion
make reference to particular defects or deficiencies
of a lot but the absence of any such description in
respect of any lot shall not mean that such lot is
without defects or deficiencies. The Bidder shall be
responsible for conducting his/her own research
and satisfying himself/herself of the condition of
the lots, including, but not limited to, damage and/
or restoration of the lots and in respect of any
entries provided in the Auction Catalogue and/or
elsewhere. K Auction will only accept a bid from a
Bidder in respect of a lot on the assumption that the
Bidder has satisfied himself/herself of the condition
of such lot and in respect of any entries provided in
the Auction Catalogue and/or elsewhere.
13.3 So far as is permitted by law and except as
otherwise expressly provided in these Auction Terms
and/or the Important Notices, neither K Auction nor
the Seller shall be liable to any Consignor, Bidder or
Buyer for:
13.3.1 errors or omissions in information, whether
oral or written, provided by any of K Auction,
its directors, officers, employees and/or
agents and/or the Seller, howsoever caused;
13.3.2 acts or omissions by any of K Auction, its
directors, officers, employees and/or agents
and/or the Seller in relation to the conduct of
any Auction and/or for any matter relating to
the sale of any lot, howsoever caused.
Article 14 Limited Warranty

14.1 In respect of any lot, K Auction warrants that the
headline printed in BOLD BLACK in respect of such
lot on the first line in the Auction Catalogue (the
"Headline") (as may be amended by any sale room
notice displayed in the auction hall or K Auction
official website during the relevant Auction Period)
is true and accurate as at the date of the sale of
such lot unless otherwise specified in the Auction
Catalogue (as may be amended by any sale room
notice displayed in the auction hall or K Auction
official website during the relevant Auction Period)
(the "Limited Warranty").
14.2 K Auction shall not be liable for breach of the
Limited Warranty in respect of any lot unless a Claim
Letter (defined below) in respect of such lot is given
by the Buyer to K Auction in accordance with this
Clause 14 before the expiry of three years from, but
not including, the date of the sale of such lot (the
"Warranty Period").
14.3 Subject to Clause 14.2, any Buyer wishing to claim
under the Limited Warranty in respect of any lot shall
() send to K Auction a letter (the "Claim Letter")
stipulating the date of the sale of such lot, the lot
number and the grounds for his/her claim under the
Limited Warranty within three months from, but not
including, the date on which he/she became aware
of a possible/actual breach of the Limited Warranty;
and () return to K Auction the relevant lot in the
same condition as at the time of the sale of such lot.
14.4 In the event that there is a dispute between the

Buyer and K Auction in respect of the grounds of
the Buyer's claim under the Limited Warranty, K
Auction may require the Buyer to obtain, at the
Buyer's expense, written opinions of two experts in
the field mutually acceptable to K Auction and the
Buyer. K Auction shall not be bound by such written
opinions provided by the Buyer and may seek
additional advice from other experts in the field at its
own cost.
14.5 The Buyer shall not be entitled to claim under the
Limited Warranty in respect of any lot if:
14.5.1 the relevant Headline corresponded to the
generally accepted opinion of scholars or
experts at the time of the sale of such lot;
14.5.2 the catalogue description, sale room notice
or K Auction official website indicated
that there were possibilities of dissenting
opinion(s) from scholar(s) or a group of
experts on the relevant Headline; or
14.5.3 the breach of the Limited Warranty can be
proved only by means of either a scientific
process not generally accepted for use until
after publication of the relevant Auction
Catalogue or a process which at the date of
publication of the relevant Auction Catalogue
was unreasonably expensive or impractical
or likely to have caused damage to the lot.
14.6 In the case of a breach of the Limited Warranty in
respect of a lot, K Auction shall cancel the sale of
such lot and refund to the Buyer the Purchase Price
paid by the Buyer in relation to the lot.
14.7 In the event of a breach of the Limited Warranty
in respect of a lot, the Buyer's sole and exclusive
remedy against K Auction and/or the Seller shall
be the cancellation of the sale and refund of the
Purchase Price paid by the Buyer for such lot.
Neither K Auction nor the Seller shall be liable for
any special, indirect, consequential loss including,
but not limited to, loss of profits or loss of interest.
For the avoidance of doubt, K Auction shall not
be liable to pay any interest or indemnify any loss
incurred as a result of any foreign exchange rate
fluctuation or otherwise.
14.8 The Buyer shall not assign or transfer the benefits
of the Limited Warranty. Unless agreed in writing
between K Auction and the Buyer, only the Buyer of
the relevant lot as shown on the invoice issued by K
Auction shall be eligible to claim under the Limited
Warranty, provided that such Buyer must have
remained the owner of the lot without disposing of
any interest in it to any third party.
Article 15 Limited Liability

15.1 Without prejudice to Clauses 13 and/or 14 above,
a Bidder's or Buyer's sole and exclusive remedy
to any claim made by it against K Auction and/
or the Seller arising out of, or in connections with
in respect of any lot shall be damages up to the
Purchase Price of such lot. Neither K Auction nor
the Seller shall be liable for any special, indirect,

consequential loss including, but not limited to,
loss of profits or loss of interest. For the avoidance
of doubt, K Auction shall not be liable to pay any
interest or indemnify any loss incurred as a result of
15.2 Nothing under these Auction Terms shall exclude or
limit K Auction's liability in respect of any fraud, death
or personal injury arising out of, or in connection
with, any action or inaction by any of K Auction, its
officers, employees and/or agents in relation to the
conduct of any Auction and/or sale of lots.
Article 16 Amendment to these Auction Terms

and the Auction Catalogue
16.1 K Auction may, at any time, and in its sole and
absolute discretion, amend the provisions of these
Auction Terms and any such amendments shall be
posted on the first page of K Auction official website
for a period commencing seven calendar days
prior to, and ending one calendar day prior to, the
effective date of such amendments.
16.2 K Auction may, at any time, and in its sole and
absolute discretion, amend any information in an
Auction Catalogue and/or elsewhere including, but
not limited to, the Important Notices and any such
amendments shall be posted in a sale room notice
or K Auction official website during the relevant
Auction Period.
Article 17 Data Protection

17.1 Consignors, Prospective Bidders, Bidders and/or
Buyers may be required to supply personal data in
connection with placing bids for, and purchasing
of, lots at the Auction. All personal data may be
used for the following purposes: () all matters
connected to the management and operation of K
Auction's business and the marketing and supply of
K Auction's services; () the transfer of such data
to any place in and outside of Korea; and/or () any
purpose relating to or in connection with compliance
with any law, regulation, court order or order of a
regulatory body.
17.2 All personal data will be kept confidential but,
subject to the provision of any applicable law, may
be disclosed to or used by any of the following
companies or persons, whether in or outside of
Korea: () K Auction and/or any of its branches,
subsidiaries, holding company, associated
companies or affiliates of, or companies controlled
by, or under common control with, K Auction
(each an "Affiliate") (together the "Group"); () any
director, officer or employee of the Group, but only
when carrying out the business of the Group; ()
any agent, contractor, third party service provider
or other person authorised by the Group to provide
administrative, telecommunications, computer
or insurance, shipping, or any other services to
the Group in connection with the operation of its
business; () credit reference agencies and, in the
event of default, debt collection agencies; () any
327
other person under a duty of confidentiality to the

Group; and/or () any person to whom the Group
is under an obligation to make disclosure under the
requirements of any law, regulation, court order or
order of a regulatory body.
17.3 In general, and subject to certain exemptions,
Consignors, Prospective Bidders, Bidders and/
or Buyers shall be entitled to: () request access
to his/her personal data, which shall be provided
within 40 days; () request the correction of his/her
personal data, which shall be made within 40 days;
and/or () be given reasons if a request for access
or correction is refused or unable to be complied
with within 40 days.
17.4 Any request for access to and/or correction of
Consignors, Prospective Bidders, Bidders and/or
Buyers' personal data, or for information regarding K
Auction's data protection policies and practices and
the kinds of personal data K Auction hold, shall be
sent to K Auction in accordance with Clause 18.6.
K Auction will have the right to charge a reasonable
fee for the processing of any data access request.
17.5 If a Consignor, Prospective Bidder, Bidder or Buyer
is a corporate entity, K Auction shall not use the
personal data of such entity's data subjects for any
purpose other than the purposes for which such
entity notified its data subjects at the time of the
collection of the data by such entity or a purpose
directly related to that purpose (except where K
Auction has obtained the written consent of the data
subject). The corporate prospective Bidder, Bidder
or Buyer by signing the relevant registration form,
confirms that (i) it has notified its data subjects that
their personal data may be used for the purposes
specified in Clause 17.1 and (ii) it agrees to indemnify
K Auction in relation to any loss or damage suffered
by K Auction as a result of its failure to notify its data
subjects as set out in (i) above.
Article 18 Miscellaneous
18.1 In the case of any failure by the Buyer to pay to K
Auction any amount due to it (for itself or on behalf
of the Consignor) by the relevant due date, an
interest of up to 2% per month (as determined from
time to time by K Auction in its sole and absolute
discretion) shall accrue to the default amount on
a daily basis from, but excluding, the date such
payment is due to, and including, the date of actual
payment of the default amount and any interest
accrued.
18.2 Any and all payments due under these Auction
Terms and/or the Important Notices shall be payable
in Korean Won. If the Buyer and K Auction agrees
in writing for the Buyer to pay any amount due to K
Auction (for itself and/or on behalf of the Consignor),
or for K Auction to pay any amount due to it, in any
currency other than Korean Won, the Buyer shall
be liable to pay any currency costs including, but
not limited to, bank commissions and/or charges
incurred by K Auction in converting the Korean Won
amounts into such other currency. Any currency
328
conversion shall be determined by K Auction based

on the rate for Korean Won provided by Seoul
Money Brokerage Service on the date of payment
or the specific date determined by K Auction and K
Auction's decision as to such rate will be conclusive.
For the avoidance of doubt, K Auction shall not be
liable to indemnify any loss incurred as a result of
18.3 Any and all payments under these Auction Terms
and/or Important Notices shall be made in cash or
equivalent, including electronic remittance, cashier
cheques and/or bank money orders in good cleared
funds and in accordance with the these Auction
Terms and/or the Important Notices. In respect of
any payment under these Auction Terms and/or
the Important Notices, if the payment due date is
not a Business Day, then the immediately following
Business Day will be deemed to be the payment
due date.
18.4 All sums payable by the Buyer to K Auction are
exclusive of any relevant tax owed by the Buyer. The
Buyer shall be responsible for paying such tax at the
rate and time as required by the relevant law.
18.5 If any part of these Auction Terms and/or the
Important Notices is found by any court to be invalid,
illegal or unenforceable, that part may be discounted
and the rest of these Auction Terms and/or the
Important Notices shall continue to be valid and
enforceable to the fullest extent permitted by law.
18.6 All notices, requests, claims, demands and other
communications to K Auction under these Auction
Terms and/or the Important Notices shall be in
Korean or English in writing and shall be given or
made (and shall be deemed to have been duly given
or made upon receipt) by delivery in person, by
courier service, by facsimile with receipt confirmed
(followed by delivery of an original via registered
mail), by email with receipt confirmed by K Auction
(followed by delivery of an original via registered mail)
or by registered mail to K Auction at the following
address:
K Auction Inc.
Art Tower, 23, Eonju-ro 172-gil, Gangnam-gu,
Seoul, 135-896, South Korea
Tel 82.2.3479.8888
Fax 82.2.3479.8800
Email art@k-auction.com
Notices to Consignors, Bidders and Buyers shall be
addressed to the address or email address specified
by them in the relevant registration form.
18.7 Time shall be of the essence of these Auction
Terms and/or the Important Notices both as regards
any dates, times and periods mentioned and as
regards any dates, times and periods which may
be substituted for them in accordance with these
Auction Terms or by agreement in writing between
the parties.
18.8 No waiver by or on behalf of K Auction of any
requirement of or any rights under these Auction

Terms and/or the Important Notices shall release any
other party(ies) from the full performance of its/their
remaining obligations under these Auction Terms
and/or the Important Notices. No single or partial
exercise of or failure or delay in exercising, on the
part of K Auction, any right, power or remedy under
or the granting of time by K Auction shall prejudice,
affect or restrict the rights, powers and remedies
of K Auction under these Auction Terms and/or the
Important Notices, nor shall any waiver by K Auction
of any breach of these Auction Terms and/or the
Important Notices operate as a waiver of or in relation
to any subsequent or any continuing breach of these
18.9 These Auction Terms and/or the Important Notices
as amended from time to time in accordance with
these Auction Terms set out the entire agreement
and understanding between the parties relating to
the subject matter hereof to the exclusion of any
terms implied by law which may be excluded by
contract and supersedes any previous written or
oral agreement between the parties in relation to the
matters dealt with in these Auction Terms and/or the
Important Notices as amended from time to time
in accordance with these Auction Terms (except in
respect of the rights and obligations of the Consignor
and K Auction against each other in relation to the
consignment of lots by the Consignor to K Auction
which shall be regulated by the relevant Consignment
Agreement). It is agreed that no party has been
induced to enter into these Auction Terms and/or the
Important Notices by any representation, warranty or
undertaking not expressly incorporated in. 18.10 In
the case of any ambiguity or discrepancy between
the English, Chinese and/or Korean version of these
Auction Terms, the Korean version shall prevail.
Article 19 Jurisdiction and governing law

These Auction Terms shall be governed by the laws
of Korea. The Seoul Central District Court shall have
exclusive jurisdiction to settle any disputes which may
arise out of or in connection with these Auction Terms
and/or the Important Notices and the parties to these
Auction Terms (except K Auction) irrevocably submits to
the jurisdiction of such courts and waive any objection to
proceedings in any such court on the ground of venue
or on the ground that proceedings have been brought
in an inconvenient forum. K Auction shall have the right
to bring proceedings in any court other than the Seoul
Central District Court. All Consignors, Bidders and Buyers
irrevocably consent to the service of process or any other
documents in connection with proceedings in any court
by facsimile transmission, delivery in person, delivery by
mail or in any other manner permitted by Korean law, at
the law of the place of service or the law of jurisdiction
where proceedings are instituted, at the last address
of the Consignors, Bidders or the Buyers known to K
Auction or any other usual address.
B i d d e r r e g i s t r at i o n F o r m
K Auction Inc.
(Company Registration No. 101-86-17910)
auction details
15 22
auction date
Auction Location
1.
Tel 82 . 2.3479 . 8888 | Fax 82 . 2.3479 . 8800 | E-mail art@k- auction.com
Postal Address 1Fl. Art Tower, 23 Eonju-ro 172-gil, Gangnam-gu, Seoul, 135-896, Korea
(, , ) ,
Seoul
Paddle No.
Hong Kong
Name of K Auction Staff *
Official Website www.k- auction.com
* K Auction Staff in charge should check, confirm and copy Photo ID or passport and/or all necessary personal and credit documents of perspective bidders.
Bidder's details (in case of Individual)
- , , , ,
-
- , , , ,
2.
: , , , ( )
: , , , ,
Bidder's details (in case of Company)
Existing Account Number
Existing Account Number
New Account Number
New Account Number
Name
Company Name
Photo ID or Passport No.
Company Registration No.
3.
, 7,
2
Date of Birth and Sex
Male
Female
Representative Name
Mobile No.
Mobile No.
Telephone No.
Telephone No.
Fax No.
Fax No.
Email Address
Email Address
Postal Address
Postal Address
4. . , ,
.
(, , , )
?

3 ?
Bidder's identiFication ProoFs (in case of Individual)
1. : , , , FI, , , , ,
Bidder's identiFication ProoFs (in case of Company)
Copy of Government-issued photo identification
, , , ,
Copy of Government-issued photo identification
(passport or national identity card)
(passport or national identity card)
2. : , , ,
if necessary Copy of proof of current address
3. : , ,
Copy of other I.D References required by K Auction;
Copy of proof of directorship or ownership and;

Copy of Certificate of incorporation
Copy of other I.D References required by K Auction;
(utility bill or bank statement)
Bidder's credit ProoFs (one or more)
4. :
5. 3 . , 3
, , .

/ ? ( ,
.)
SMS() ()
Copy of Credit Card and related references;
Credit
Credit
Credit
Credit
Card
Card
Card
Card
Holder's Name :
Number :
Expiry Date :
Type : Visa / Master /
Copy of Sotheby's Client Registration Card

Copy of Christies' Client Registration Card
Copy of other Credit References required by K Auction;
Copy of recent Bank Statement and related references;
Account Holder's Name :

Account Number :
Account Balance Amount :
Bank Contact Name :
Bank Contact Telephone No. :
Bank Address :
Deposit Amount Required by K Auction
declarations
.
I have read and understood this form, "Auction Terms" and "Important Notices" in the Auction Catalogue and agree to be bound by
them. I authorize K Auction to request my personal financial references in relation to information provided by me.
, .
Name
signature
Date ( Month/Day/Year )
135-896 172 23 ( 640-6) teL 02.3479.8888 FAX 02.3479.8800
Art Tower 640-6 Sinsa-Dong, Gangnam-gu, Seoul, 135-896, Korea
www.k-auction.com
Signature
Written / telePHone Bidding Form
registered Bidder should submit 24 hours prior to the sale.
K Auction Inc.
(Company Registration No. 101-86-17910)
auction details
Auction Location
Seoul
auction date
Hong Kong
Written Bid
Tel 82 . 2.3479 . 8888 | Fax 82 . 2.3479 . 8800 | E-mail art@k- auction.com
Telephone Bid
Name of K Auction Staff *
Postal Address 1Fl. Art Tower, 23 Eonju-ro 172-gil, Gangnam-gu, Seoul, 135-896, Korea
Official Website www.k- auction.com
* K Auction Staff in charge may not accept after 24 hours prior to the Sale.
registered Bidder's details
Client Number
Name
Telephone No.
Company Name (Corporate Client)
Mobile No.
Email Address
Telephone No.
Name
Fax No.
( during the Sale )
Postal Address
lots For Written Bid and/or telePHone Bid

Lot Number
Description
Maximum Bid Price in KRW

(excluding Buyer's Premium) for Written Bid
declarations
I request K Auction, without legal obligations of any kind on its part,
to bid the Lots above up to the Maximum Bid Price. I understand
that K Auction staff will attempt to execute a written bid at the
lowest possible price taking the Reserve Price into account and
subject to the Maximum Bid Price. I understand that K Auction
provides this service for the convenience of myself and that K
Auction will not be held responsible for failing to execute bids.
I understand that if I have signed up for both Written Bid and

Telephone Bid, once the telephone line is disconnected, K Auction
staff will attempt to execute bids up to Maximum Bid Price. I
understand that if identical written bids are received for the same
Lot, the written bid received first by K Auction will take precedence.
(Maximum Bid Price) .
. K
.

.
I understand that if my bid is successful, the Purchase Price

will be the sum of the Hammer Price and the Buyer's Premium.
Buyer's Premium
15% of the Hammer Price
Date ( Month/Day/Year )
,
.
I have read and understood this form, "Auction Terms" and

"Important Notices" in the Auction Catalogue and agree to be
bound by them.
,
.
Signature
334
335
consigning
with
K AUction
K .
UPCOMING AUCTIONS
HONGKONG SALE | AUTUMN AUCTION | WINTER AUCTION
MONTHLY, ONLINE AUCTION
02.3479.8888 | art@k-auction.com | www.k-auction.com
Yun HyongKeun
Chung SangHwa
Umber Blue
Untitled 84-2-23
oil on linen
5365.1cm (15)
1979
acrylic on canvas
65.150cm (15)
1984
Estimate
HKD 180,000 - 250,000
Estimate
HKD 140,000 - 280,000
Price realized
HKD 712,200
Price realized
HKD 572,400
135-896 172 23( 640 - 6)

TEL 02.3479.8888 | FAX 02.3479.8800 | www.k-auction.com
336
135 - 896 172 23( 640 - 6)
TEL 02 .3479 .8888 | FAX 02 .3479 . 8800 | www.k-auction.com

KAuction SummerAuction 2015

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Summer Auction

MODERN & CONTEMPORARY ART

2015 7 4() 13() 10 30 6 30

K Auction, Art Tower, 23 Eonju-ro 172-gil (640-6 Sinsa-dong),

(Account Holder): (K Auction Inc.)

(Bank Name): (Hana Bank)

(Bank Address): 77 Mugyo-dong, Jung-gu, Seoul, 110-775, Korea

(Swift Code): HNBNKRSE

2015.6 | 2015.6 | | () | 172 23( 640-6)

(for auctions held by K Auction in Korea)

PAYMENT AND BANK

14, 67, 69, 97

1, 7, 20, 32, 39, 64, 68

54, 55, 79, 80

Modern & Contemporary Art

oil and pencil on hardboard

KRW 3,000,000 - 5,000,000

KRW 12,000,000 - 30,000,000

()- Interspace - Musing

KRW 3,000,000 - 9,000,000

KRW 5,000,000 - 10,000,000

pigment suspended in glue, on canvas

KRW 10,000,000 - 20,000,000

KRW 18,000,000 - 35,000,000

73-23 Untitled 73-23

ink on Korean paper

KRW 18,000,000 - 30,000,000

KRW 12,000,000 - 30,000,000

KRW 30,000,000 - 40,000,000

KRW 35,000,000 - 80,000,000

WHANKI Oil on Paper 1968, , 1968

KRW 15,000,000 - 25,000,000

KRW 6,000,000 - 12,000,000

KRW 30,000,000 - 45,000,000

KRW 27,000,000 - 40,000,000

KRW 50,000,000 - 100,000,000

KRW 43,000,000 - 70,000,000

96-1206 Aggregation 96-1206

mixed media on Korean paper

KRW 15,000,000 - 30,000,000

KRW 8,000,000 - 30,000,000

95-#78 Untitled 95-#78

oil on hemp cloth

KRW 4,000,000 - 10,000,000

KRW 9,500,000 - 15,000,000

Light of the Spirit

mixed media on Korean paper

KRW 8,500,000 - 15,000,000

KRW 8,000,000 - 15,000,000

mixed media on panel

KRW 9,000,000 - 25,000,000

KRW 8,000,000 - 18,000,000

KRW 38,000,000 - 70,000,000

Joseon White Porcelain

KRW 70,000,000 - 150,000,000

KRW 170,000,000 - 250,000,000

Catalogue raisonn, , 2001, p.437

Park 1914 - 1965

Old and Young Trees

KRW 350,000,000 - 550,000,000

KRW 650,000,000 - 1,000,000,000

1963 65 . <>, <

KRW 120,000,000 - 180,000,000