Painting by Marc Chagall Breaks Record at Seoul Auction’s Modern and Contemporary Art Sale

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HONG KONG.- Seoul Auction held its Modern & Contemporary Art Autumn Sale today in Hong Kong at the Grand Hyatt Hong Kong. 60 superlative works by celebrated Western, Chinese, Korean, and Japanese artists were offered and a total of HK$78.52 million/ US$10.21 million was achieved. Discerning collectors from around the world congregated to compete for artworks of superb quality and rarity, leading to spirited bidding throughout the day. The top lot, Bestiaire et Musique by Marc Chagall, sold for an exceptional price of HK$32,172,000/ US$4,183,615 to an Asian buyer after heated competition. It set a new record as the most expensive painting by a Modern Western artist ever sold at auction in Asia. Misung Shim, Managing Director of Seoul Auction Hong Kong Ltd. said, “We are very thrilled by the results of our auction today. The exceptional works by renowned