The bowl had been expected to go for at least 100 million Hong Kong dollars ($13 million), according to Sotheby’s.
They say that things lose their value as time passes and as they deteriorate. However, this Chinese bowl in pristine condition breaks records with its value of $38 Million at an auction.
An antique Chinese bowl was sold to an anonymous phone bidder for $38 million at a Sotheby’s sale in Hong Kong. The object was a 900-year-old bowl created during the Song dynasty (960–1279 A.D.). The amount paid for the porcelain (which is in perfect condition) was a staggering $38 million.
The tiny Ru-ware bowl, with a blue-green glaze and complex interlaced ‘ice crackle’ pattern, was once used to wash brushes.
“We’ve had in last 20 years a huge sort of influx of mainland Chinese buyers,” Sotheby’s Asia deputy chairman Nicolas Chow said following a 20-minute auction battle for the item.
“We’re filling the room with new prices, new interest and that’s what’s really driven the price today.”
Sotheby’s added Ru-ware has “achieved almost mythical status over the last 1,000 years … attributed to its short-lived production period, generally believed to not have exceeded twenty years”.
The item broke the previous record for Chinese ceramics, when a 500-year-old imperial “chicken” cup from the Ming dynasty Chenghua period sold for $36m in 2014, Sotheby’s said.