Rare Chinese porcelain bowl sells for nearly $27 million

Rare Chinese porcelain bowl sells for nearly $27 million

Cebu : Philippines | Apr 04, 2012 at 7:55 PM PDT
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Sotheby's Fine Chinese Ceramics and Works of Art, Autumn Sale 2010 Preview

Skooter reporting 04/05/12

If you are a bidder, would you be willing to buy a 900-year-old Chinese bowl that has sold at an auction for nearly $27 million on Wednesday?

In a Sotheby’s auction in Hong Kong, the exceptionally rare item most likely would receive a winning bid of about one-third of the final total, Associated Foreign Press reports. The acquisition by an unknown bidder breaks the previous record for the most expensive ceramic bowl from the era. The bowl is from the Northern Song Dynasty (960-1127) and easily tops a 2008 auction on a Guan Mallet Vase from the same era, Sotheby claimed.

Sotheby’s Asia deputy chairman Nicolas Chow said that the Ruyao Washer is among the most classy accomplishments in Chinese ceramics. Its emergence on the market has sparked tremendous excitement. Earlier estimates had the bowl going for about $10 million.

There are only 79 complete pieces from the era remain in existence and only eight people took part in the 15-minutes competitive bidding process, contesting for the flower-shaped bowl.

According to Sotheby, the said bowl come from a private Japanese collection and is debatably the most sought-after piece of Ru official ware remaining in private hands.

Hong Kong has become one of the world's top auction spots, behind New York and London due to China’s booming economy.

Source: Odd News

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Rare Chinese porcelain bowl sells for nearly $27 million
skooter is based in Cebu, Central Visayas, Philippines, and is an Anchor on Allvoices.
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