Fine Chinese censer achieves 4,066% increase on valuation



2015-06-26 13:29:39

Fine Chinese censer achieves 4,066% increase on valuation

A fine Chinese censer sold for $202,500 against an $8,000 estimate earlier today

A fine Chinese censer made a 4,066% increase on its 3,000-5,000 ($4,855-8,092) estimate whenit soldfor 125,000 ($202,312) at Charterhouse Auctioneers earlier today.

The censer features a pierced cover decorated with a mille fleure design, and stands on three bulbous feet.

Charterhouse miller fleure censer Censers are ceremonial incense burners

This is not the first time that a Chinese artefact has been dramatically undervalued - and it won't be the last.

A sale at Elite Decorative Arts in Florida earlier this year saw a white-jade chariot sculpture make $40,000 against an estimate of $300-500 - an increase of 7,923%.

Additionally, a carved, two sided jade panel surprised auctioneers last month - achieving a 54,900% increase when it sold for $330,000 against a $400-600 valuation.

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