'Artworks Sold at a Uniform Price of 100,000 Won' Eulji Art Fair Opens on the 30th
[Asia Economy Reporter Park Byung-hee] Jung-gu Cultural Foundation will hold the 'Eulji Art Fair' at Eulji Twin Tower from October 30 to November 1.
The 'Eulji Art Fair' is part of a program aimed at creating vitality and an artistic ecosystem in the urban area through the creation, distribution, and exhibition of local art. Visual art pieces are sold at a uniform price of 100,000 KRW. The event provides the public with the experience of purchasing artworks and aims to increase accessibility to the art market. According to the '2019 Performing Arts and Art Market Survey and 2019 Korean Film Industry Report,' the average annual number of movie theater visits per person in Korea is 4.37, and the average number of performance attendances is 0.57, whereas art purchases amount to only 0.0008 pieces per person.
The Eulji Art Fair was first held last year. 129 artists exhibited their works, and 106 pieces (82%) were sold. This year, 370 artists who sympathize with the purpose of 'expanding the experience of purchasing artworks to more people' are participating, making it expected to be an even richer event. The exhibited works can be viewed free of charge, and sales are conducted on a first-come, first-served basis at the venue.
On the first day of the event, the Eulji Art Prize award ceremony will be held, providing a prize of 1,000,000 KRW to five artists who show meaningful artistic activity and growth potential through portfolio reviews. On the last day, a talk program including a discussion between the Eulji Art Prize winners and judges, as well as a Q&A session with planners, will take place.
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On the opening day, October 30, the art fair will operate from 6:00 PM to 9:30 PM, and on October 31 and November 1, from 10:00 AM to 8:00 PM. Admission to the venue is on a first-come, first-served basis, and to prevent the spread of COVID-19, the simultaneous number of visitors allowed inside is limited to 80. All artworks can also be viewed online (www.euljiart2020.com), and through 'KT Super VR,' visitors can enjoy voice commentary and VR viewing.
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