Japanese dealers paid the world's second highest ever price for a piece of Chinese porcelain in Hong Kong on Friday (November 16).
GV Auction room
RV FROM Auctioneer
CU Vase and GV vase on display
CU Bowl ZOOM OUT TO GV
ZOOM TO saucer dish
Auction in progress (4 shots)
Auction of the Ming blue and white bowl (5 shots)
Initials BB/1940 TA/TK/BB/2106
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Background: Japanese dealers paid the world's second highest ever price for a piece of Chinese porcelain in Hong Kong on Friday (November 16).
The British firm of Sotheby's held the auction -- their first in Hong Kong -- and the bidding was in sterling. Mayumama and Co. Ltd. of Japan gave the near world record price of GBP 190,000 for a Ming blue and white flower shaped bowl.
At the end of the day nearly GBP 1 million worth of ceramics and bronze had been sold. The auctioneers found the results so encouraging they plan more sales in Hong Kong in the future.
Hong Kong collectors provided most of the antiques that were sold. One woman brought a rare Ming saucer into Southeby's China expert Mr. Julian Thompson. She asked him if it had any value -- Mayumama and Co. bought it for GBP 160,000.
Dealers from all over the world came to the sale, but not even the Americans were able to compete with the Japanese who bought more than half the items.
SYNOPSIS: Japanese dealers paid the world's second highest ever price for a Chinese Ming bowl in Hong Kong on Friday. The British firm -- Sotheby's -- held the auction.
Hong Kong collectors provided most of the antiques for sale.
The dealers, who came from all over the world, were particularly interested in this Ming bowl. At the end of the day nearly a million pounds worth of ceramics and bronzes had been sold.
It was Sotheby's first auction in Hong Kong. They conducted business in sterling. The woman who brought this rare saucer to their expert, wondered if it had any value. But bidding went up at ten pounds a wave, and the Japanese firm of Mayumama eventually gave one hundred and sixty thousand pounds for it.
The sale of the Ming bowl was the climax of the day, and again even the American dealers could not compete with the Japanese. The Mayumama company paid the near world record hundred and ninety thousand pounds for the bowl. Sotheby's were so pleased with the auction they plan to hold more in Hong Kong soon.