'$3' Chinese bowl auctions for $2.2m at Asia Week


2015-06-26 13:12:19


'$3' Chinese bowl auctions for $2.2m at Asia Week

A '$3' Chinese bowl discovered at a garage sale auctions for $2.2m at Sotheby's New York

A"$3" Chinese bowl has auctioned for $2.2m at Sotheby's New York, as part of AsiaWeek.

Purchased for a mere $3 by a collectorin 2007, the small pottery bowl was found to be a 1000-year-old "Ding" bowl, dating from the Song dynasty, which ruled China from AD960 to AD1279.

three dollar bowl auctionThe only other similar bowl from the period has been on permanent display at the British Museum for over 60 years

Sotheby's placed a conservative $200,000-300,000 estimate on the piece, but four bidders battled over the item, driving prices ever upwards at the March 19 sale.

The bowl ultimately sold to Giuseppe Eskenazi, a well known London-based art dealer.

Several high profile Chinese porcelain sales have occurred of late: a Chinese Qianlong vase brought $1.4m on March 14, while a Yuan dynasty jar realised $1.1m in Beverly Hills on March 17.

If you are tempted to invest in this thriving market, see Paul Fraser Collectibles' guide to identifying fake Chinese ceramics.

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