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K-pop, K-drama… K-art. Frieze fair lands in Seoul

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Seoul (AFP) – The art world landed in Seoul this week for the inaugural edition of Frieze in Asia, as the vibrant South Korean capital looks to position itself as the region’s next art hub.

Previous Frieze fairs have been held in traditional art capitals like London, Paris and New York, but industry experts say Seoul was a natural pick for the first Asian edition of the prestigious event.

South Korea has emerged as a cultural powerhouse in recent years with the global success of the Oscar-winning film “Parasite” and the Netflix series “Squid Game”, and with K-pop superstars BTS sweeping the Billboard music charts.

“Frieze looks to cities where there is a vast appreciation of culture,” Patrick Lee, the inaugural director of Frieze Seoul, told AFP.

Seoul boasts a rich art scene, he added, with “incredibly talented artists, world-class museums, corporate collections, non-profits, biennales and galleries, which make it an ideal location for an art fair”.

The fair also takes place at a time when the art world is turning away from Hong Kong — long considered the hub of the lucrative Asian art market — over looming financial and political uncertainties, as well as quarantine restrictions still imposed on visitors.

“Seoul is definitely the most vibrant and exciting market in Asia for now,” said Alice Lung, director of Galerie Perrotin, which opened its second Seoul gallery last month.

Tim Schneider, art business editor of Artnet News, said the openings by major Western galleries like Pace, Lehmann Maupin, Perrotin and Thaddaeus Ropac, followed by Frieze, confirmed that Seoul had “levelled up” on the international art stage.

“Frieze Seoul is just the final confirmation that the demand has been here,” he told AFP.

Covid boost

The local art market has seen explosive growth since the start of the Covid-19 pandemic, with local art fairs seeing record foot traffic and sales figures last year.

“When the borders were closed for a while, people focused on online viewing,” Lung of Galerie Perrotin told AFP.

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“This helped Korean artists and galleries grow faster without any physical limitation, bringing in new collectors,” especially millennials and Generation Z, she said.

During this time, skyrocketing housing prices prompted many young South Koreans to seek alternate investment options, such as stocks, cryptocurrency and, for some, artworks.

“Many young people tasted bitter losses from stock and crypto investments and artwork appeared a safe bet, especially after high-profile success cases,” said Hwang Dal-seung, president of the Galleries Association of Korea.

The late Samsung chairman Lee Kun-hee left a trove of antiques and artworks — including works by Claude Monet, Salvador Dali and Pablo Picasso — reportedly worth two to three trillion won ($1.5-2.2 billion) which had soared in value during his decades-long ownership, Hwang added.

Schneider said South Korea was a “microcosm of Asia” in terms of the rise of collectors born after 1980, who now exercise heavy influence on the market.

“Buyers from this age group and this region have been reshaping the hierarchy of which artists are most in demand internationally, as well as significantly ramping up the speed at which artists can transition from the emerging level to blue-chip prices and global fame,” he added.

The country’s art market was estimated to be worth around 532.9 billion won in the first half of 2022, according to a July report from the state-run Korea Arts Administration Service — more than the whole of 2021.

Fresh approach

Thaddaeus Ropac, who opened his Seoul gallery last year, said South Korea offered a balanced demographic of collectors.

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“You have very established collectors who are not too young anymore and who have incredible experience and who collect art for 30 years or 40 years and you see the results, which I think is quite astonishing in its quality,” Ropac told AFP.

“But then you also feel a very fresh new approach to art” from younger collectors, he added.

The Austrian gallerist, who began working with South Korean artists nearly two decades ago, said the country’s art scene — artists, curators, collectors — had been “built for generations”.

The arrival of Frieze Seoul would certainly open new doors for South Korea’s art market, he said, but it was “also a result of what Seoul has become”.

Schneider added: “Historically, anytime a grade-A international fair sets up shop in a new city, it simultaneously confirms that the art-market infrastructure there is sustainable.”

But he dismissed framing Seoul’s rise in terms of Hong Kong’s potential fall.

“I think it’s misguided to act as if Asia –– a massive continent composed of numerous countries with unique cultural histories and tremendous wealth –– can’t support two legitimate art-market hubs,” he said.

 

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Calvin Lucyshyn: Vancouver Island Art Dealer Faces Fraud Charges After Police Seize Millions in Artwork

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In a case that has sent shockwaves through the Vancouver Island art community, a local art dealer has been charged with one count of fraud over $5,000. Calvin Lucyshyn, the former operator of the now-closed Winchester Galleries in Oak Bay, faces the charge after police seized hundreds of artworks, valued in the tens of millions of dollars, from various storage sites in the Greater Victoria area.

Alleged Fraud Scheme

Police allege that Lucyshyn had been taking valuable art from members of the public under the guise of appraising or consigning the pieces for sale, only to cut off all communication with the owners. This investigation began in April 2022, when police received a complaint from an individual who had provided four paintings to Lucyshyn, including three works by renowned British Columbia artist Emily Carr, and had not received any updates on their sale.

Further investigation by the Saanich Police Department revealed that this was not an isolated incident. Detectives found other alleged victims who had similar experiences with Winchester Galleries, leading police to execute search warrants at three separate storage locations across Greater Victoria.

Massive Seizure of Artworks

In what has become one of the largest art fraud investigations in recent Canadian history, authorities seized approximately 1,100 pieces of art, including more than 600 pieces from a storage site in Saanich, over 300 in Langford, and more than 100 in Oak Bay. Some of the more valuable pieces, according to police, were estimated to be worth $85,000 each.

Lucyshyn was arrested on April 21, 2022, but was later released from custody. In May 2024, a fraud charge was formally laid against him.

Artwork Returned, but Some Remain Unclaimed

In a statement released on Monday, the Saanich Police Department confirmed that 1,050 of the seized artworks have been returned to their rightful owners. However, several pieces remain unclaimed, and police continue their efforts to track down the owners of these works.

Court Proceedings Ongoing

The criminal charge against Lucyshyn has not yet been tested in court, and he has publicly stated his intention to defend himself against any pending allegations. His next court appearance is scheduled for September 10, 2024.

Impact on the Local Art Community

The news of Lucyshyn’s alleged fraud has deeply affected Vancouver Island’s art community, particularly collectors, galleries, and artists who may have been impacted by the gallery’s operations. With high-value pieces from artists like Emily Carr involved, the case underscores the vulnerabilities that can exist in art transactions.

For many art collectors, the investigation has raised concerns about the potential for fraud in the art world, particularly when it comes to dealing with private galleries and dealers. The seizure of such a vast collection of artworks has also led to questions about the management and oversight of valuable art pieces, as well as the importance of transparency and trust in the industry.

As the case continues to unfold in court, it will likely serve as a cautionary tale for collectors and galleries alike, highlighting the need for due diligence in the sale and appraisal of high-value artworks.

While much of the seized artwork has been returned, the full scale of the alleged fraud is still being unraveled. Lucyshyn’s upcoming court appearances will be closely watched, not only by the legal community but also by the wider art world, as it navigates the fallout from one of Canada’s most significant art fraud cases in recent memory.

Art collectors and individuals who believe they may have been affected by this case are encouraged to contact the Saanich Police Department to inquire about any unclaimed pieces. Additionally, the case serves as a reminder for anyone involved in high-value art transactions to work with reputable dealers and to keep thorough documentation of all transactions.

As with any investment, whether in art or other ventures, it is crucial to be cautious and informed. Art fraud can devastate personal collections and finances, but by taking steps to verify authenticity, provenance, and the reputation of dealers, collectors can help safeguard their valuable pieces.

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Ukrainian sells art in Essex while stuck in a warzone – BBC.com

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Ukrainian sells art in Essex while stuck in a warzone  BBC.com



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Somerset House Fire: Courtauld Gallery Reopens, Rest of Landmark Closed

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The Courtauld Gallery at Somerset House has reopened its doors to the public after a fire swept through the historic building in central London. While the gallery has resumed operations, the rest of the iconic site remains closed “until further notice.”

On Saturday, approximately 125 firefighters were called to the scene to battle the blaze, which sent smoke billowing across the city. Fortunately, the fire occurred in a part of the building not housing valuable artworks, and no injuries were reported. Authorities are still investigating the cause of the fire.

Despite the disruption, art lovers queued outside the gallery before it reopened at 10:00 BST on Sunday. One visitor expressed his relief, saying, “I was sad to see the fire, but I’m relieved the art is safe.”

The Clark family, visiting London from Washington state, USA, had a unique perspective on the incident. While sightseeing on the London Eye, they watched as firefighters tackled the flames. Paul Clark, accompanied by his wife Jiorgia and their four children, shared their concern for the safety of the artwork inside Somerset House. “It was sad to see,” Mr. Clark told the BBC. As a fan of Vincent Van Gogh, he was particularly relieved to learn that the painter’s famous Self-Portrait with Bandaged Ear had not been affected by the fire.

Blaze in the West Wing

The fire broke out around midday on Saturday in the west wing of Somerset House, a section of the building primarily used for offices and storage. Jonathan Reekie, director of Somerset House Trust, assured the public that “no valuable artefacts or artworks” were located in that part of the building. By Sunday, fire engines were still stationed outside as investigations into the fire’s origin continued.

About Somerset House

Located on the Strand in central London, Somerset House is a prominent arts venue with a rich history dating back to the Georgian era. Built on the site of a former Tudor palace, the complex is known for its iconic courtyard and is home to the Courtauld Gallery. The gallery houses a prestigious collection from the Samuel Courtauld Trust, showcasing masterpieces from the Middle Ages to the 20th century. Among the notable works are pieces by impressionist legends such as Edouard Manet, Claude Monet, Paul Cézanne, and Vincent Van Gogh.

Somerset House regularly hosts cultural exhibitions and public events, including its popular winter ice skating sessions in the courtyard. However, for now, the venue remains partially closed as authorities ensure the safety of the site following the fire.

Art lovers and the Somerset House community can take solace in knowing that the invaluable collection remains unharmed, and the Courtauld Gallery continues to welcome visitors, offering a reprieve amid the disruption.

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