Choi Myoung Young, Conditional Planes 22-602, 2022
Main reasons to invest
Return Potential📈: An investment of 500 EUR is projected to be worth approximately 1,146 EUR in 4 years.
Cost-to-Return Ratio⚖️: With just 3.2% annual total costs (including exit fees), your net profit could be an impressive 23.0% per year.
Investment Potential🔥: Gallery prices for works from the "Conditional Plans" series of similar sizes created in the 2000s have increased by 46% from 2018 to 2023. Simultaneously, the market for Dansaekhwa artists has been growing, with increasing recognition from major galleries and collectors worldwide. This magnificent work by Young is also offered at a price 30% below its current market value.
Description
Why Invest in Choi Myoung-Young?
Choi Myoung-Young is a leading figure in the Dansaekhwa movement and contemporary Korean art. Dansaekhwa, which translates as “monochrome painting,” was formalized in the 1970s in reference to Korean artists who redefined abstract painting in reaction to a turbulent socio-political environment.
Formative Years and Artistic Influences
Born in Haeju, Hwanghae-do, in 1941, Young defected to South Korea during the Korean War and grew up in Gunsan and Incheon. In 1957, he began studying art at Incheon National School of Education under master artist Chung Sanghwa, after which he entered the Hongik University College of Fine Arts in 1960 to study painting.
Evolution of Methodology and Style
After graduating from college in 1964, Young spent the remainder of the decade as a member of the art groups Origin Society (1963–1993), Korean Avant-Garde Association (A.G., 1970–1973), and École de Seoul (1975–1999), and participated in the likes of the Paris Biennale (1967) and São Paulo Biennale (1969) to set his foot in the art scene as an emerging artist.
Since the mid-1970s, Young has persistently explored using his body and the relationship between the canvas plane and the medium of paint under the theme of “Conditional Planes,” repeating and varying physical actions on top of the flat surface to understand painterly existence. In the mid-1970s, the artist produced what are known today as the “Sandpaper” and “Fingerprint” series.
Throughout the mid-1980s and the 1990s, Young’s repetitive movements took on vertical and horizontal orientations to settle as his unique methodology and style.
"Monotonous" Works
Young often uses the expression “monotonous” to describe his works. Creating superficial space composed of regular units—by performing repetitive actions within the frame of the blank, quadrilateral canvas—can be seen as a daily act of validating existence. The canvas as a background no longer distinguishes or restrains art and life. Just as the body and the mind are no longer subjects for distinction, the conditional plane is now an existential “platform,” an infinite space that serves to intertwine and reveal the artist’s repetitive actions. This is precisely why Young’s creative world is a demonstration of “controlling monotony,” something that ceaselessly flows toward infinite variations.
His work is held in several permanent museum collections including:
Tokyo Metropolitan Art Museum, Tokyo, Japan
Seoul Museum of Art, Seoul, Korea
Busan Museum of Art, Busan, Korea
Daegu Art Museum, Daegu, Korea
Gwangju Museum of Art, Gwangju, Korea
Daejeon Museum of Art, Daejeon, Korea
Shimonoseki City Art Museum, Shimonoseki, Japan
Mie Prefectural Art Museum, Mie, Japan
Hong-Ik Museum of Art, Seoul, Korea
Posco Art Museum, Seoul, Korea
Total Museum of Contemporary Art, Seoul, Korea
Gidang Art Museum, Jeju-do, Korea
Walker Hill Art Museum, Seoul, Korea
Ho-Am Art Center, Yongin, Korea
Sejong Center for the Performing Arts, Seoul, Korea
Leeum Art Museum, Korea, Korea
Selected Solo Exhibitions:
2024
The Page Gallery, TEFAF New York, New York, USA
2023
Almine Rech, “Choi Myoung Young: Conditional Planes”, Paris Matignon, Paris, France
Art Chosun Space (ACS), Seoul, Korea
2022
Gallery Bisunjae, “Choi Myoung Young: Conditional Planes”, Seoul, Korea
The Page Gallery, “Choi Myoung Young”, Seoul, Korea
2019
The Page Gallery, “Choi Myoung Young: Conditional Planes II”, Seoul, Korea
2017
Gallery Shilla,“Choi Myoung Young”, Daegu, Korea
Selected Group Exhibitions:
2024
Gallery Shilla, “Winter Collections In Daegu”, Daegu, Korea
2023
Solomon R. Guggenheim Museum,“Only the Young: Experimental Art in Korea, 1960s–1970s”, NY, USA
Hakojae Gallery, “Eui-geum-sang-gyeong: Over her embroidered robe she puts on a plain garment”, Seoul, Korea
Space21, “Avant-Garde group 1965 – 1975”, Seoul, Korea
2021
The Page Gallery, ”Chusa Kim, Ufan Lee, Choi Myoung Young, Choi In-soo”, Seoul, Korea
2018
Puerta Roja Gallery, “Reflections – Celebrating Eight Years of Cross-Cultural Collaboration”, Hong Kong
The Page Gallery, “A to P (A letter from the new Page)”, Seoul, Korea
Gallery Shilla, “Black Selections”, Daegu, Korea
2017
Museum San, “Looking into Korean Art Part2: Dansaekhwa”, Wonju, Korea
Tokyo Opera City Art Gallery, “Rhythm in Monochrome Korean Abstract Painting”, Tokyo, Japan
Conditional Planes
Series symbolizes Young’s artistic journey throughout his work, since the 1970s. This style emphasizes the flat surface of the canvas, aligning him with the Dansaekhwa paintings, which are characterized by geometric, simple, clear lines and forms in primary colors. Young’s particular style in this era was based on the idea of the creation and extinction of traces on canvas by using fingerprint and sandpaper.
Expert
M&A Arts represents the leading edge in art and finance, spearheaded by Asher Edelman, the renowned investor and art collector. With an unparalleled experience and extensive relationships in the art world, M&A Arts offers deep knowledge and expertise in the financial aspects of the art market.
