It was the first time that a South Korean painting had fetched more than 10 billion won in an auction.
The major work, "05-IV-71 #200," titled "Universe," was part of a collection that began being auctioned Saturday.
Measuring more than 2.5 meters in height and width, "Universe," a painting of blue dots, was the biggest work by Kim that had been put up for auction so far.
According to the Christie's website, Kim (1913-1974) is hailed as one of the pioneers of abstract painting in Korea.
To create works like "Universe," Christie's said, "The artist had to stand for many hours and look down upon a canvas laid on a table, bending over to mark each calligraphic dot while carefully controlling the paint with a thin ink brush."
Another of Kim's major works, "3-II-72 #220," a painting of red dots, garnered 8.5 billion won at Seoul Auction's Hong Kong sale in 2018. (Yonhap)