Lee Byung-chul's calligraphy work was sold for 100 million won at an auction.
According to K Auction, on July 21, the calligraphy piece 'Gongsuragongsugeo' (空手來空手去), which was owned by the monthly magazine 'Saemteo,' was auctioned off for 100 million won during a premium online auction.
The starting bid for the piece was 15 million won, with an estimated value between 19 million and 40 million won. After several bids since the auction began on July 11, it was sold for 100 million won, which is 2.5 times the upper estimate. The identity of the winning bidder has not been disclosed.
This piece was written by Lee in 1981 for Kim Jae-soon (1923-2016), the former Speaker of the National Assembly and founder of 'Saemteo.' Following the magazine's financial difficulties, which led to an indefinite suspension after the January issue, the collection was put up for auction, allowing the artwork to find a new owner.
* This article has been translated by AI.
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