Song dynasty ceramic sells for $26.7M in Hong Kong


Post 2.597

Song dynasty ceramic sells for $26.7M in Hong Kong

http://www.seattlepi.com/business/article/Song-dynasty-ceramic-sells-for-26-7M-in-Hong-Kong-3457972.php

Nicolas Chow, Sotheby’s Asia Deputy Chairman, holds the Chinese Song Dynasty ceramics Ruyao Washer at the Sotheby's auction in Hong Kong Wednesday, April 4, 2012. The 900-year-old dish smashed the world record for Chinese Song Dynasty ceramics sold at auction, fetching US$26.7 million. Photo: Kin Cheung / AP

Nicolas Chow, Sotheby’s Asia Deputy Chairman, holds the Chinese Song Dynasty ceramics Ruyao Washer at the Sotheby’s auction in Hong Kong Wednesday, April 4, 2012. The 900-year-old dish smashed the world record for Chinese Song Dynasty ceramics sold at auction, fetching US$26.7 million. Photo: Kin Cheung / AP 

HONG KONG (AP) — A 900-year-old dish has smashed the record for Chinese Song dynasty ceramics sold at auction, fetching $26.7 million.

Sotheby’s said Wednesday that eight bidders competed for the Ruyao washer over 15 minutes before it sold for 208 million Hong Kong dollars ($26.7 million). That was triple the pre-sale estimate.

Nicolas Chow, Sotheby’s Asia Deputy Chairman, holds the Chinese Song Dynasty ceramics Ruyao Washer at the Sotheby's auction in Hong Kong Wednesday, April 4, 2012. The 900-year-old dish smashed the world record for Chinese Song Dynasty ceramics sold at auction, fetching US$26.7 million. Photo: Kin Cheung / AP

Nicolas Chow, Sotheby’s Asia Deputy Chairman, holds the Chinese Song Dynasty ceramics Ruyao Washer at the Sotheby’s auction in Hong Kong Wednesday, April 4, 2012. The 900-year-old dish smashed the world record for Chinese Song Dynasty ceramics sold at auction, fetching US$26.7 million. Photo: Kin Cheung / AP 

Sotheby’s said the price surpassed the previous record set in April 2008 for Song dynasty ceramics, when a vase sold by the auction house went for HK$67.5 million.

The auction house said the flower-shaped bowl was from a private Japanese collection and was “arguably the most desirable piece of Ru official ware remaining in private hands.”

Nicolas Chow, Sotheby’s Asia Deputy Chairman, holds the Chinese Song Dynasty ceramics Ruyao Washer at the Sotheby's auction in Hong Kong Wednesday, April 4, 2012. The 900-year-old dish smashed the world record for Chinese Song Dynasty ceramics sold at auction, fetching US$26.7 million. Photo: Kin Cheung / AP

The auction result underscores Hong Kong’s position as the world’s third largest auction hub, driven by soaring demand from newly wealthy Chinese collectors.

Nicolas Chow, Sotheby’s Asia Deputy Chairman, holds the Chinese Song Dynasty ceramics Ruyao Washer at the Sotheby's auction in Hong Kong Wednesday, April 4, 2012. The 900-year-old dish smashed the world record for Chinese Song Dynasty ceramics sold at auction, fetching US$26.7 million. Photo: Kin Cheung / AP

Nicolas Chow, Sotheby’s Asia Deputy Chairman, holds the Chinese Song Dynasty ceramics Ruyao Washer at the Sotheby's auction in Hong Kong Wednesday, April 4, 2012. The 900-year-old dish smashed the world record for Chinese Song Dynasty ceramics sold at auction, fetching US$26.7 million. Photo: Kin Cheung / AP

Nicolas Chow, Sotheby’s Asia Deputy Chairman, holds the Chinese Song Dynasty ceramics Ruyao Washer at the Sotheby’s auction in Hong Kong Wednesday, April 4, 2012. The 900-year-old dish smashed the world record for Chinese Song Dynasty ceramics sold at auction, fetching US$26.7 million. Photo: Kin Cheung / AP 

About these ads

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 334 other followers

%d bloggers like this: