Rare Chinese porcelain bowl sells for nearly $27 million
A 900-year-old Chinese bowl has sold at an
auction for nearly $27 million on Wednesday.
The extremely rare item was only expected to
receive a winning bid of about one-third the eventual total during a Sotheby's
auction in Hong Kong, Associated
Foreign Press reports. The purchase by an anonymous bidder breaks the
previous record for the most expensive ceramic bowl from the era. Sotheby's says
the bowl is from the Northern Song Dynasty (960-1127) and easily tops a 2008
auction on a Guan Mallet Vase from the same era.
"The Ruyao Washer is among the most
sophisticated achievements in Chinese ceramics. Its appearance on the market has
created enormous excitement," Sotheby's Asia deputy chairman Nicolas Chow
said.
Earlier
estimates had the bowl going for about $10 million.
The bowl
comes from a private Japanese collection and is "arguably the most desirable
piece of Ru official ware remaining in private hands," according to
Sotheby's.
With China's booming economy, Hong Kong has
become one of the world's top auction spots, behind New York and London.
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