Seoul auctions, increase the amount of the auction … Should improve margins – KTB Investment Securities



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KTB Investment & Securities presented a new price target of 12,000 won for the Seoul auction on the 16th, claiming that it should significantly improve margins when the bid price will rise as the the art will develop.

Kim Jae-yoon, a researcher at KTB Investment & Securities, said, "The total amount of the Seoul auction in the first half has risen sharply from one year to the next, while negative arts such as THAAD and controversy over the controversy were finalized. "

In the first half of this year, the Seoul Auctions auction won a total of 61.3 billion won ($ 177 million) in the first half of this year. I registered the circle.

Kim said: "Seoul Auction opened Hong Kong SA + this year and began its Hong Kong auction four times a year since it should be held twice in the second half of the year.

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" Online auctions through the Seoul Auction Blue subsidiary jumped more than 100% from one year to the next, and the draws were in rise for the first time this year,

The Seoul Auction SRP (price / sales ratio) is 2.2 times lower than the global auction company's average of 2.8 times.

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