VP Market Notes · 03
Seoul: looking beyond headline prices
Following Frieze Seoul, held on 2–5 September, Artsy reported gallery sales including Rashid Johnson at $1.2 million and two 1978 works by Salvatore Emblema at €26,000 and €40,000.
Reported sales in Seoul
Following Frieze Seoul, held on 2–5 September, Artsy reported gallery sales including Rashid Johnson at $1.2 million and two 1978 works by Salvatore Emblema at €26,000 and €40,000. These are gallery-reported transactions, not a comprehensive market benchmark.
Next: Art Basel Paris
The next European checkpoint is Art Basel Paris, scheduled for 23–25 October with 211 exhibitors from 41 countries and territories. Participation signals international engagement; it does not yet establish sales performance.
VP view
Opportunities deserve investigation beyond the most expensive names, including documented post-war and contemporary works. A lower price alone does not establish value: provenance, authenticity, condition and genuinely comparable transactions remain essential.
Art may complement long-term wealth diversification, but resale can take time and involve losses. Transaction costs, insurance and conservation affect the outcome; returns are not guaranteed.
This editorial note is for cultural and informational purposes. It is not personalised financial advice and does not promise returns.