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Paik Nam-june's work put on block Jun 10 2013





Late video artist Paik Nam-june’s “Faust Channel 8-Arts” is about to become his most expensive art piece ever auctioned in Korea.

K-Auction announced Wednesday that Paik’s eighth piece in a series of 13 will be auctioned at its auction house in Sinsa-dong, southern Seoul, on June 16 with a reserve price of 480 million won ($429,031), alongside five other of his works.

The estimated price for the piece is between 480 million won and 800 million won.

His “Don Quixote and Sancho Panza,” which was sold for 325 million won in 2007, so far is the most expensive of his works traded on the domestic market. His “Wright Brothers,” however, was sold for the higher price of 600 million won in Hong Kong in the same year.

“Faust Channel 8-Arts” is a structure made up of 25 televisions, which display different images. Various materials including wood and aluminum sheets were also used. The unique structure is built on a piano keyboard. As a whole, the piece looks like a colorful cathedral.

“That is the piece that clearly expresses Paik’s voice from 1968 to 1991,” an official said in a statement.

His various and extensive use of televisions and videos in his work earned him the title, “father of video art.”

President Park Geun-hye also praised his work at a meeting with Korean-Americans during her recent visit to the United States, saying “video was invented in America and became smaller in Japan; but Paik made it an art form.”

K-Auction will put up 193 art pieces for auction to celebrate the 50th anniversary of Paik’s debut exhibition in 1963 at Parnass Gallery in Wuppertal, Germany.

Pieces by painters Kim Hong-do and Lee Jung-seob are also listed for sale.


By Jung Min-ho


http://www.koreatimes.co.kr/www/news/culture/2013/06/148_136963.html
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