Belfast Telegraph

Thursday 25 December 2014

Chinese cup sets new auction record

A Ming Dynasty cup has fetched 36 million US dollars at auction in Hong Kong (AP)
A Ming Dynasty cup has fetched 36 million US dollars at auction in Hong Kong (AP)

A rare Ming Dynasty cup which is more than 500 years old has fetched 36 million US dollars (£21.7 million) at an auction in Hong Kong, smashing the previous world record price for Chinese porcelain.

Sotheby's said the winning bidder was a mainland Chinese collector.

The cup, which measures just 3.1in (8cm) in diameter, is known as a "chicken cup" because it is decorated with a rooster, a hen and their chicks.

It was made during the reign of the Ming Dynasty's Chenghua Emperor, who ruled from 1465 to 1487.

Sotheby's said the previous record for Chinese porcelain was set in 2010 when a Qianlong vase sold for 32.4 million US dollars (£19.5 million),

It is the latest of several records set at the auction house's spring sales in Hong Kong.

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? customercare@belfasttelegraph.co.uk

Latest News

Latest Sport

Latest Showbiz