Chinese ‘chicken cup’ could sell for record US$38m
HONG KONG – A uncommon Ming-period Chinese wine cup, one in every of solely 19 recognized to exist, might fetch a report US$38 million or extra when it goes beneath the hammer in Hong Kong subsequent week, auctioneers stated on Saturday.
The small white porcelain cup, adorned with a color portray of a rooster and a hen tending to their chicks, was made through the reign of the Chenghua Emperor between 1465 to 1487, Sotheby’s public sale home stated.
It might promote for an estimated HK$300 million (US$38.sixty eight million) or extra on Tuesday, deputy chairman for Sotheby’s Asia Nicolas Chow stated.
If it does, it can break the world document for the sale of any Chinese works or artwork or porcelain.
Currently, that document is held by a gourd-formed vase from the Qianlong interval, which bought for HK$252.sixty six million in 2010.
The estimate additionally exceeds the world report for Ming Dynasty porcelain – at present held by a blue and white vase from the interval which bought for HK$168.sixty six million in 2011.
The hen cup represents the top of Ming-period porcelain manufacturing, in response to Sotheby’s.
“That interval when it comes to porcelain manufacturing was actually the height of fabric refinement,” Chow stated, including that emperors of later Chinese dynasties have been so enamoured by the design that the hen cup was copied extensively.
“When you purchase a hen cup… You do not simply purchase the thing, you are shopping for centuries of imperial admiration for these objects,” he stated.
Only 19 such cups are recognized to exist, with simply 4 in personal collections, Chow stated.
The worth of Chinese porcelain, he added, is about to rise, with supplies scarce and demand “extraordinarily excessive”.
An extraordinarily uncommon flower-formed Ruyao porcelain bowl fetched HK$208 million in April of 2012, smashing pre-sale estimates by about 3 times and setting a brand new report for a bit of ceramic from the Northern Song Dynasty (960-1127).
Over O,seven hundred tons with an estimated value of greater than HK$P.H billion shall be bought at Sotheby’s Hong Kong spring gross sales this yr, the public sale home stated.
Hong Kong has emerged as one of many largest public sale hubs alongside New York and London, fuelled by China’s financial growth and demand from Asian collectors, particularly money-wealthy mainland Chinese consumers.