The specialists guide to Chinese antiques

Traditional chinese houses – from the countryside into the city (with million dollar profits too)

Old houses in China's countryside are being dismantled and reassembled for the nation's new rich.

Very interesting article in the China daily talking about the resale market for Ming and Qing dynasty Chinese traditional homes which are disassembled, transported, repaired and then resold to restaurants, clubs or wealthy collectors. Now this is an interesting topic which I could easily get lost in as it just touches on so many interesting elements from Hui Zhou architecture to Chinese antique restorations to wooden architectural carvings.

The article is basically a slimmed down version of another Chinese language article floating around the net. Its not a bad article, though it leaves out some of the more interesting details like such as how the industry works.

For example, the middlemen buyers tend to be divided up amongst two categories: those with ample capital and those who as essentially un-financed. Essentially those who are “un-financed” will buy the house and resell it right away to recoup their investment at a 20 to 30% profit margin. “Financed sellers” are those who have enough spare capital to buy the house, undertake all the repair and restoration work and then resell it in restored form at a 40 to 50 % profit.

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Retired chocolate factory worker discovers his blue and white vase is a rare 600 year old Ming dynasty moon flask worth millions!

Just a super quick update post since the folks at Chine Gallery in Hong Kong have been keeping me quite busy these days. Though with lots of cool things there to look into like this 18th century cinnabar lacquer box from Beijing can you blame me?

cinnabar lacquer box 226x300 Retired chocolate factory worker discovers his blue and white vase is a rare 600 year old Ming dynasty moon flask worth millions!

On to the latest “record price” headline, this one picked up from the BBC. Whats amazing is the guy walked in with the vase stuffed inside a cardboard box!!!

Cardboard box Chinese Ming vase ‘may fetch £1m

A blue and white Chinese Ming Dynasty vase that arrived at a Dorset auction house in a cardboard box is expected to sell for more than 1 million.

The 11.5in (29cm) vase is the largest ever recorded from a rare group of early Ming “moonflasks” from 1403-1424, Duke and Son auction house said.

The Dorchester-based firm said it was believed to be one of the most exciting works of art to come to light in years.

The seller, a retired Cadbury’s worker aged 79, does not wish to be named.

‘Spectacular find’

A Duke’s spokesperson said the man “lives modestly and has been interested in antiques for many years”.

blue and white ming moonflask vase Retired chocolate factory worker discovers his blue and white vase is a rare 600 year old Ming dynasty moon flask worth millions!

Guy Schwinge, of Duke’s, said: “When my colleague initially showed me what had arrived in a cardboard box I could not believe my eyes.

“The vase is in perfect condition and it is amazing to think that it has survived unscathed for almost 600 years”.

Duke’s consultant for Chinese Works of Art is Anthony du Boulay, a scholar and author, who said the vase was “a spectacular find”.

The vase will be sold at auction in May.

Original BBC story:

http://www.bbc.co.uk/news/uk-england-dorset-12355404

Qianlong vase initially valued at $1300 sets record price of $69 million at auction

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…

Credit: Reuters/Bainbridges

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.

: Credit: Reuters/Bainbridges

The 47,000 USD dollar tooth brush holder – Chinese porcelain brush pot in owners bathroom sells at auction for staggering sum.

Here’s a great tidbit from the Dailyrecord: China pot which owner used as toothbrush holder sells for £30k at auction. Quick – everyone run into their bathrooms right now to see what you got in there! I have a pristine tube of Crest toothpaste which I have been holding onto for years – definitely going to have it appraised!

An antique Chinese pot sold at auction for £30,000 (47,000 USD) was used for years by its owner as a toothbrush holder! Gordon Murray didn’t think the ceramic writing brush holder was worth much and reckoned he’d be lucky to get £400 for it. So he was left stunned when it fetched the princely sum at auction in Edinburgh.

Gordon, who runs Atholl Antiques in Aberdeen, cleaned up the pot for it to go under the hammer at Lyon and Turnbull on Wednesday. He said he began collecting antiques as a boy in Aberdeen in the 50s and his passion continued to grow.

He said: “On Saturdays I’d head off into the antique shops in town, including Young’s in Belmont Street and Alec “Cocky” Hunter’s in Castlegate, where I would buy what my meagre pocket money could afford.”

One thing for sure is there are definitely hidden gems out there waiting to be found! Here’s another one from the Dailymail from about the same time: Antique Chinese bowl valued at just £600 by auctioneers fetches £38,000… after bidding war breaks out among buyers.

Kanxi blue and white porcelain bowl 150x150 The 47,000 USD dollar tooth brush holder Chinese porcelain brush pot in owners bathroom sells at auction for staggering sum.

Have you got one of these in your attic?

This antique Chinese bowl, which had a guide price £600, sold for more than £38,000 (60,000 USD) at auction yesterday.

The blue and white porcelain pot, which is believed to be a 19th century copy of one made in the Kangxi dynasty of 1662 to 1722, was bought by a Chinese man who lives in Britain.

Unassuming lot 379, which is eight inches wide and depicts a man ploughing a paddy field with water buffalo, attracted a surge of interest from its homeland after the auction catalogue was put on the internet.

Auctioneer Steven Moore, of Anderson & Garland, Newcastle, said: ‘I wasn’t surprised by the price, as I knew the amount of interest it had generated.

‘Chinese people are trying to find and collect their heritage.

A Chinese man living in the UK bid the highest price at this week’s auction.

Mr Moore added: ‘There is the possibilty that people have these things or things similar to this sat in their house and it is very possible that they are also worth this amount of money.

‘This is definitely the best time to sell Chinese porcelain.’

Chinese buyer who refused to pay for looted bronzes weeps as he realizes that his credibility is shot.

Without saying if I agree or disagree, here are two interesting articles which I picked up off the Museum Security Network website (though one was originally from Bloomberg) regarding last years controversial auction of a bronze heads of a rat and a rabbit looted from Beijing’s Summer Palace in 1860 . Interesting perspectives – one must wonder if Cai Ming Chao simply “got caught up in it all?”

Chinese Art Dealer in Unpaid YSL Bronzes Furor Weeps as he realizes that his credibility is shot.

March 10 (Bloomberg) — Cai Mingchao (蔡铭超) the Chinese art dealer who is refusing to pay for the $40 million Qing bronzes he successfully bid for in the Yves Saint Laurent auction, wept when he realized that his credibility was shot and he may now have to close his business.

Cai, 44, spoke in an interview after turning away hundreds of calls from reporters about the Feb. 25 sale. He was praised in China for walking away from the bronzes, which were plundered by foreign troops, and has been condemned by other dealers. In the world of high-end art sales, where millions of dollars worth of items may sell on the basis of a phone call or handshake, defaulting is seen as unprofessional.

“This has damaged me: I have lost the business I love,” said Cai, in his office in the southeastern city of Xiamen. Cai said he had bid with the intention of paying, then had second thoughts and decided it’s wrong to do so. He again denied acting in concert with China’s government.

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China Coal City’s Tycoons Splurge on Antiques as Dealers Swoop

These days there is a TON of news articles about the art market and China’s insatiable demand for Chinese artworks and antiques. Did I mention there was a ton of these articles recently? Regardless, this is one of the more interesting ones…

June 26 (Bloomberg) — Few people gave Zhao Xin a second look when he strolled into the biggest antique show in China’s coal city of Taiyuan, Shanxi, wearing straw-trimmed canvas shoes, black polyester-mix clothes, and a tobacco-stained grin.

That changed when he went to a booth run by Hong Kong dealer Raymond Chak. Pointing at Chinese gilt-bronze Buddha statues, he said, “Show me this, that, and that.” Ten minutes later, Zhao had bought about eight antiques for nearly 1.5 million yuan ($220,000). In the next hour, he spent at least another 2 million yuan on paintings, ceramics and other artworks at other booths, as bystanders looked on.

Zhao is one of the world’s biggest buyers of Chinese antiques, say art dealers like Shanghai-based Lu Feifei. He also belongs to a group of tycoons in China’s top coal-producing province of Shanxi, many of whom earned their wealth selling the fuel, and in recent years began paying top dollar for Chinese relics at auctions and galleries from Hong Kong to New York.

Reached on his mobile phone, Zhao simply said he was retired and wouldn’t say how he earned his money.

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