Min Fanglei auction halted in favour of private sale

paulfrasercollectibles

2015-06-26 13:39:55

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Min Fanglei auction halted in favour of private sale

The auction of the Min Fanglei was halted after a private offer was accepted

A single lot sale dedicated to the Min Fanglei, the world's most valuable Chinese archaic bronze, has beenhalted after a consortium of collectors negotiated a private sale.

Min Fanglei China Christie'sThe Min Fanglei was produced in China in the 12th-11th century BC

The bronze, whichlast sold for $9.2m in 2001,will be installed within the Hunan Museum in south central China, where it will be reunited with its lid.

Steven P Murphy, CEO of Christie's, commented: "As always, it is our duty to be a responsible steward of the important cultural objects that are entrusted to our care.

"Christie's feels privileged to have acted as custodian of the 'Min' Fanglei and to have facilitated its transfer."

The new price for the bronze, which had been due to auction on March 20, has not been announced.

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