Why K Auction?
Are you looking to discover the value of your artworks? A leader in Korea's art market, K Auction can assist you in the sale of your artwork.
Diverse auction platforms, continually in progress
There are various auction platforms that can be participated in 365 days at all times, including major auctions live at the auction site, premium auctions online, and weekly auctions.
Specialized services
Founded in 2005, K Auction strives to realize the value of artworks selected through years of accumulated expertise.
Our team comprises experts in every field to build the ideal auction system. Our knowledgeable and experienced specialists provide bespoke consulting for clients looking to buy and sell artworks.
Preview exhibitions and marketing expertise
Preview exhibitions for each auctions are held for clients to view lots. Information and images are provided through our website and mobile app, and various digital content is disseminated through various platforms such as blogs, Instagram, KakaoTalk Channels, and Facebook. Collaborations with brands, cultural events, and themed auctions expand our reach in the arts and culture sector.
Notable auction results
Auction record
at time of sale
-
Hammer Price
KRW 6,550,000,000Kim WhanKi
Tranquility 5-IV-73 #3102017 April Auction
-
Hammer Price
KRW 5,400,000,000Kim WhanKi
Untitled 27-VII-72 #2882016 June Auction
Rare works that achieved high prices through competitive bidding
-
Hammer Price
KRW 1,520,000,000Lee Ufan
From Point No. 7701002020 July Auction
-
Hammer Price
KRW 185,000,000Ha ChongHyun
Birth-B2020 September Auction
How to Consign
-
Step.1
Estimate Inquiry
-
Step.2
Consignment Consultations
-
Step.3
Auction and Exhibition
-
Step.4
Account Settlement
If you would like to receive an estimate for your modern and contemporary artworks, Korean traditional art, jewels and diamonds, instruments, or other rare objects, please follow the steps below.
01. WebSite
Please click "Consignment Inquiry" under "How to Consign" on our website.
02. Email
Please contact us at art@k-auction.com with the following information.
- Please include "Consignment" and your name in the email title (ex. Consignment_James Smith)
- Please include your name and contact information, artist, title, size, medium, execution date, provenance, and artwork images (frontal full view, close-up views of signatures, etc.) in the body of the email.
-
•
Inquiries will be reviewed by our specialists. Our staff will reply to inquiries generally within 7 days.
-
•
Before submitting your consignment inquiry, please confirm whether your objects are subject to sale restrictions (resale prevention clauses, etc.). If you consign objects, you are obligated to state and warrant that you have the unrestricted right to transfer title of said objects.
If you artwork is accepted for auction, we will proceed as follows.
01. Specialist assigned
02. Internal authentication and further appraisal
03. Reserve price discussion
04. Consignment Agreement completed and signed
-
Artworks that are not appropriate for auction are returned to the owner. (Return shipping fees will be charged, excepting artworks that are collected in person)
-
The reserve price is agreed upon between the seller and K Auction. If an agreement cannot be reached, the artwork may not be placed in an auction.
Consigned artworks are placed in auction and exhibited. Marketing and promotion is undertaken to maximize the value of the artwork.
-
Offline exhibition
K Auction Exhibition Space (Sinsa-dong, Seoul)
-
Online exhibition
K Auction website
and mobile app -
Promotional channels
News outlets, broadcasting stations, K Auction blog, Instagram, Kakaotalk Channel, Facebook, other SNS platforms
Net Proceeds
After the close of the auction, you will be notified of the hammer price of your artwork. Once we have secured payment from the buyer, the net proceeds (as below) will be rendered to you.
Net Proceeds = Hammer Price - Seller's Commission - Additional Fees(if applicable)
-
Artworks that are not appropriate for auction are returned to the owner. (Return shipping fees will be charged, excepting artworks that are collected in person)
-
The reserve price is agreed upon between the seller and K Auction. If an agreement cannot be reached, the artwork may not be placed in an auction.
