Sky, Mountain, Forest, a 1963 painting by Korean artist Ree Bong Sang (1916-70) that sold at Frieze Masters in Seoul.
It went to an institution in Seoul alongside two works by fellow Korean artist Haindoo for prices ranging from $90,000-200,000.
The fair ran from September 2-5 and hosted 110 exhibitors such as Daniel Crouch Rare Books, Les Enluminures and Hauser & Wirth.
The next edition of Frieze Masters is the standalone fair in London, which runs from October 12-16.
