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Extraordinarily rare Chinese bowl sells for record $38m at auction

Extraordinarily rare Chinese bowl sells for record $38m at auction”

A 1,000-year-old bowl from China's Song Dynasty sold at auction for $37.7-million on Tuesday, breaking the record for Chinese porcelain, auction house Sotheby's said. It dates from the late Northern Song dynasty, which lasted from 960 to 1127.

A 20 minute battle saw the "virtually unobtainable" dish sold to an anonymous bidder for £28 million.

This price set a new world record for a Chinese ceramics piece, beating the already staggering figure of £27 million (HK$281.24 million) paid in April 2014 for a Meiyintang Chenghua "Chicken Cup".

The almost 900-year-old porcelain bowl from China's Northern Song dynasty (960-1127) was sold to an anonymous phone bidder at a Sotheby's sale in Hong Kong.

Measuring just 13cm in diameter, the dish features a luminous blue glaze. That cup sold in 2014 to taxi-driver-turned-financier Liu Yiqian, one of China's wealthiest people and among a new class of Chinese super-rich scouring the globe for artwork and antiquities. The bowl had been expected to go for at least 100 million Hong Kong dollars ($13 million), according to Sotheby's.

The bidding at the prestigious Hong Kong auction house Sothesby's started from a guide price of £10 million. The 59.60-carat rock was sold to the city's Chow Tai Fook jewellery chain which has a strong presence across East Asia. The auctioneers said no further details could be released when asked by ATG.

The anonymous millionaire brought home one of the 87 pieces produced during the Song dynasty thought to still be around.



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