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Joyce Lee (Clarifies museum name, paragraph 11) SEOUL, March 12 (Reuters) - A South Korean art critic was astounded when he saw the private art collection of the late Samsung Electronics chairman, after being asked to value it this year. “The reason many go to the Louvre is to see the Mona Lisa, and the Sistine Chapel, the Creation of Adam. There are valuable masterpieces that can compare to that in the Lee collection,” said the critic, who declined to be identified. The head of the Samsung conglomerate, Lee Kun-hee, died in October leaving an art collection estimated to be worth more than 2 trillion won ($1.76 billion), including masterpieces by Picasso, Monet and Warhol, the critic and another person directly involved in the appraisal told Reuters. ....
Friday, 12 March, 2021 - 09:30 People walk past a spider sculpture by artist Louise Bourgeois at the Samsung Group s Leeum Gallery in Seoul June 22, 2012. (Reuters) Asharq Al-Awsat A South Korean art critic was astounded when he saw the private art collection of the late Samsung Electronics chairman, after being asked to value it this year. “The reason many go to the Louvre is to see the Mona Lisa, and the Sistine Chapel, the Creation of Adam. There are valuable masterpieces that can compare to that in the Lee collection,” said the critic, who declined to be identified. The head of the Samsung conglomerate, Lee Kun-hee, died in October leaving an art collection estimated to be worth more than 2 trillion won ($1.76 billion), including masterpieces by Picasso, Monet and Warhol, the critic and another person directly involved in the appraisal told Reuters. ....
Former culture ministers and art groups have called for a new law that would allow the Lee family to donate the art in lieu of at least part of the $9.72-billion inheritance tax bill for listed stockholdings alone they are expected to face ....