New york: A 1971 dot painting by Korean abstract master Kim Whan-ki (1913-1974) has sold for US$8.4 million at a Christie's auction held in New York, achieving the second-highest auction price ever for a Korean artwork.

According to Yonhap News Agency, Christie's described the piece as "the zenith of Korean modern abstraction, embodying the purest and most transcendent ideals of art." The painting represents a significant period in Kim Whan-ki's life when he was residing in New York City.

The Whanki Museum in Seoul noted that the artwork was created during Kim's time in the city. It was a period when "his search for the essence of nature evolved into a most pristine and complete form of abstraction," highlighting the artist's evolving journey in abstract art.

This achievement underscores the growing recognition and value of Korean art on the global stage, showcasing Kim Whan-ki's lasting impact and contribution to the art world.