Its been happening so frequently that these headlines are almost starting to become old news. Still, it does make you want to go poking around in your grandmothers attic…
Neglected Family Vase Sets 66 million Record for Chinese Art at Auction
Apparently the 18th-century Qianlong-era porcelain vase was discovered while cleaning out a modest London suburb home. Other then knowing it was acquired in the 193o’s, the anonymous family who owned it knows little else as to its origins. According to the auctioneer Bainbridges, the vase itself dates from the Qianlong period (1740’s) and would have most definitely been fired in the imperial kilns before finally residing in the Chinese Royal Palace. According to the Antiques Trade Gazette, Bainbridges is a small suburban auction house which normally deals with cheaper antiques, equipment and lawnmowers. Not bad, considering they stand to reap a 13.8 million dollar buyers premium from the sale. Purchased by a Chinese bidder on behalf of an undisclosed buyer, the sale price was not only more than 40 times the pre-sale estimate, but it set a new record for a Chinese work of art. But wait – it gets better. “About 30 years ago it was shown on a television show called Going For A Song where an expert appraised it at $1300 as a “very good copy.” Poor guy – I definitely would not want to be him right about now.
Regardless of whatever price was paid, the real or fake, the vase really is absolutely stunning. Beautiful!
The downside? A tax bill totalling a few million.
- £43million Chinese vase initially valued at £800
- Sensational £43m record for Chinese work of art in Ruislip
- Old vase fetches record $69M at auction
- Chinese vase fetches record $69 million in UK auction
- Original post on the Bainbrides blog announcing the sale