"The past three years since Frieze launched in Seoul have brought changes to Korea's scene as well as to the fair. The collector base is purportedly growing younger and more acclimated to a diversity of art, even as the fair attracts fewer Western exhibitors and more from Korea and around Asia. Despite a return to stability after last year's military rule attempt, South Korea's economy is expected to grow only 0.8% this year."
""As anywhere around the world, there are economic concerns, and the market has been slower," said Frieze Seoul's director Patrick Lee. "But good art is selling. Galleries are plugging away. They are showing great art. The museums are showing incredible art. I think the galleries are generally possibly taking a little more time, with less urgency. But the energy is here.""
""Critically it has been very, very good going meeting curators and directors of institutions and biennales," said Benedicto Audi Jericho, the director of Kohesi Initiatives based in Yogjakarta, Indonesia. Joining the fair for the first time, his striking booth of Timoteus Anggawan Kusno's hand-painted posters and props from a nonexistent film censored during Indonesia's 1960s military rule period won the fair's Stand Prize for the Focus Asia section."
Frieze Seoul's fourth edition ran alongside Kiaf at Coex in Gangnam, opening Asia's frenetic art fair schedule. Expectations were modest but the fair exceeded hopes. Over three years, Korea's art scene and the fair have shifted: collectors are younger and more open to diverse art, while exhibitor rosters include fewer Western and more Korean and Asian galleries. South Korea's economy is forecast to grow 0.8% this year, contributing to market caution. Patrick Lee said good art is selling, galleries persist, and institutional engagement is strong. Kohesi Initiatives' booth of Timoteus Anggawan Kusno's hand-painted posters and props won the Focus Asia Stand Prize, with sales expected to take time.
Read at The Art Newspaper - International art news and events
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