Chapter 65
Ko Hun's first solo exhibition {Sweet Happiness} attracted attention from artists around the world. Updated chapters at novelhall.com
Praise from the media and critics continued.
[Happiness] maximized the texture that can be expressed in oil paint, creating an effect as if chocolate was flowing down, and [Ravoux Lodger] created a cozy yet lonely atmosphere with intentionally collapsed perspective, bold omission, and simple expressions.
Among the many works, the most eye-catching work was the [Frost wheat field].
There were a lot of speculation about who would take it and how much it would be sold, and art lovers saw [Frost Wheat Field] throughout the exhibition, regardless of the relationship between Henry Marceau and Ko Hun. However, the amount came out was something that no one had expected.
$14 million.
Although influential art figures such as Caroline Streak, Jang Mirae, and Pierre Malo praised it, no one thought that the work of a new artist, who had his first solo exhibition would sell for $14 million.
WH Art Museum judged various factors generously and estimated the appropriate price between 4 billion won and 5 billion won.
Even that figure was close to the highest price for a work sold in WH Art museum.
[Frost Wheat Field] was sold for about 16.3 billion won, an amount that would be possible only for historical masterpiece representing a country.
Moreover, the price was formed after a fierce battle between director Christine Nolan and painter Henry Marceau.
Who participated in the auction and who owned it was also an important factor in shaping the price of the artwork.
[Frost Wheat Field] would be appreciated even more in the future.
In this fact, not only the Korean media, but also Asia Europe and North American art community was in a frenzy.
On community sites and forums, articles about Ko Hun's [Frost Wheat Field] were posted.
Its really crazy. Henry seems to have made up his mind. It is said that he visited every day of the exhibition .
Nana wants to see it, but she can't go because it's too far. Will it be exhibited at the Marceau Gallery?
Wouldn't it be exhibited.
Collectors don't display it to generate profits. Most people hang it in their own living room or building. Henry Marceau never displayed [Sunflower] that he bought.
Nooooo.
So if Henry doesn't want to exhibit it, does it mean, we can't see it anymore?
There's a photograph. You can look at the picture.
There is a difference between seeing Art in person and seeing it in photo.
What a shame.
Such a painting should be displayed while moving to a different areas of the world. It was sold too early.
Art lovers were very sorry that Ko Hun's work was exhibited for only two weeks.
Since it became privately owned, they became hugely disappointed since it was unknown when and where it would be disclosed in the future.
Meanwhile, many people criticized the sale of [Frost Wheat field] for $14 million.
In 2007, the bubble that invaded the Korean art market, headed for an endless abyss.
As of 2016, the total winning bid for the Korean art auction market was 172.031 billion won.
Among that, painter Kim Hyunki's works accounted for 24% of the total amount ranking first, while the then rookie artist Jang Mirae ranked second with 6%.
Two people accounted for 30% of the total auction price.
It was a thorough monopoly.
The number of transactions for works has increased day by day, and the total amount of transactions has not changed much.
But everything changed last year and this year.
A single 10 year old kids works occupied 8% of the Korean art auction market, which was worth 200 billion won.
Art critic Jin Sungil said, "This incident is not a revival of the art market, but a concentration of wealth, which is a negative factor for the art market."
He sharply criticized foreign rich people such as Henry Marceau and Christine Nolan for destroying the Korean art market.
On the other hand, some welcomed it with the logic that the total transaction amount in the Korean art market increases only when foreign capital flows in.
There were also a group of people who criticized contemporary art for lacking in understanding.
At the center of amazement, which was intertwined with enthusiastic welcomers, those who showed a cautious attitude, and those who showed extreme rejection was the 10 year old boy named Ko Hun.
No way.
I've been feeling a bit uneasy since before.
The emotion that I had tried to ignore in the hope that I could draw without worrying about money crept up.
Something's wrong.
I'm happy that my painting received such an amount, but I still have doubts whether it was worth 16.3 billion won.
No matter how hard I try, I can't understand.
I remembered the conversation I had with my grandpa at the Marceau Gallery.
The price at the auction should not be considered the value of the painting.
"I have told that I'd quit after this month. I want to hurry a little more when I think about Huns future schedule, but there's still somethings to organize on the museum side."
I understand. Dont be in a hurry and organize it well."
"Yes. I want to quit as smoothly as possible since there will be occasions where I have see them in the future."
Grandpa nodded.
When exhibitions are held in Korea, they will often be with the WH Art Museum, so uncle Bang seems to be trying to quit nicely.
The more I see uncle Bang, the more I trust him.
"Well, and,
Uncle Bang hurriedly brought up another story.
"I don't know if it's early, but I'd like to get the calls for Hun. Since the contact information was not disclosed, there were a lot of contact inquiries to the WH Art Museum."
"Hmm."
"I didn't sign a contract, but I want to start work as soon as possible."
"That's fine with me uncle Bang. How should I do it.?
"First of all, I'd like you to send an e-mail to the museum, asking them give my contact details if anyone inquired..We'll also release reports."
"Like a stopgap measure."
"That's right.. I'll talk to the people around me, too."
We decide on what to do until next month, when uncle Bang opens a company and officially signs a contract.
"Then I will take my leave."
Whats the rush Mr. Bang. Have lunch and go."
No. Im fine. My wife will be waiting at home. Good-bye Hun. Once again Congratulations on the Korean record."
Thank you and Goodbye Uncle Bang."
"Drive home safely Mr. Bang.
When I turned around after seeing Uncle Bang off, grandpa didn't move in front of the entrance.
"Oh no"
Groaned grandpa lifting his chin.
He seems to be worried about something.
I dont know whether its about anything that has to do with Whitney Biennale or Uncle Bang.
What grandpa?"
"Isn't 5 meters too small?"
"What?"
"Banner."
Well, fortunately, he was worried about something else.
"What are you talking about grandpa.?
"My grandson set a Korean record, so of course I'm going to brag about it. Let me see. Should I need permission from the district office to place banner in front of the house.?
What.? No grandpa? Its embarrassing. Stop it"
What is there to be embarrassed about? I'm proud of you. It's a Korean record.
Arent we having a celebration party tomorrow.? That's enough grandpa."
Thats right. Let's take a picture there. Then we should buy new suits."
He doesnt seems to be listening to me.
In his heart, he seems to have already completed a gate-sized signboard.
When I tried to stop my grandfather, the doorbell rang.
When I raised the golf club and saw who rang the doorbell, it was Uncle Bang, who had just left.
"Did you leave something behind uncle Bang? What's so urgent. Why are you breathing so heavily.
"No. Huh. Huh.Im fine"
I looked up to ask my grandpa if he knew what was going on.
But grandpa also seems to be lost at what was happening..
Hunits Nolan. Christine Nolan contacted the museum."
It's the name of the movie director who tried to buy [Frost wheat field].
Why did he contact?"
Uncle Bang after breathing for a while, opened his mouth.
He asked if he could meet you tomorrow.?