Imperial Chinese vase becomes $14.3m 'highest priced Asian artwork in London'

paulfrasercollectibles

2015-06-26 12:38:11

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Imperial Chinese vase becomes $14.3m 'highest priced Asian artwork in London'

'The interest in Chinese art continues to grow' says Bonhams following its Imperial Chinese vase sale

Bonhams took a dominant position on Asian Arts in Europe yesterday (November 10) with outstanding sales of Chinese Art in which the top item was an Imperial Chinese vase which sold for 9,001,250.

Imperial Chinese vase

The $14.3m vase is decorated withchrysanthemums

The outstanding highlight of the huge 700-lot Chinese sale at Bonhams was a magnificent turquoise Imperial vase, decorated with chrysanthemums, which sold for 9,001,250 ($14,332,800), making it the highest priced Asian artwork in London this year.

After keen and protracted bidding by three separate phone buyers it was knocked down for 9m to a round of applause from the packed saleroom. Its pre-sale estimate was 5m to 8m.

These results in London's Asian Art Week place Bonhams in a unique position in Europe, heading Asian Art sales for all auction houses.

"This is the latest milestone in Bonhams' growing international strength and it occurs in one of the most exciting collecting areas," said Colin Sheaf, Head of Asian Art at Bonhams.

"All things in classic Chinese taste are currently in huge demand and in this week's sale Bonhams simply had the best material and more of it than anyone else."

Asaph Hyman, Senior Specialist with Bonhams Chinese Art Dept said: "It has been a very great privilege to have sold such an extraordinary work of art.

Imperial Chinese vase

The vase is now the highest priced Asian artwork in London, this year

"The interest in Chinese art continues to grow and the number of remarkable objects coming to auction is astonishing. Bonhams will continue its efforts to offer the market the rarest items of Chinese art."

Other Chinese sale highlights included a blue and white pear shaped vase from the Qianlong period which made 505,250, and a very fine rare enameled nine dragon vase of the Qianlong period at 385,250.

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