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South Korea’s Depressed Art Market Puts a Damper on Frieze Seoul

If buzz alone closed deals, Frieze Seoul would be sold out. But the numbers tell a different story.
Seoul emerged as one of the fastest-growing art markets, getting a significant boost from Frieze Seoul’s arrival in 2022. But the past year has been shaped by a sharp shock.
Seoul emerged as one of the fastest-growing art markets, getting a significant boost from Frieze Seoul’s arrival in 2022. But the past year has been shaped by a sharp shock. (Getty Images)

The glassy atrium at Amorepacific Museum of Art pulsed with energy on Monday night as a thousand VIP guests gathered ahead of Frieze Seoul and Kiaf (Korean International Art Festival).

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Further Reading

The Art Basel Vibe Shift

While sales at this year’s fair were uneven, newer players, platforms and art forms offered cause for optimism in a stagnant sector, writes Marc Spiegler.

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