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Wednesday, 20 March 2013

NY garage $3-bowl sells for $2.2m at auction


A Chinese bowl bought at a garage sale for a few dollars has been sold for $2.2million at auction!
It was bought in New York in 2007 for the equivalent of about £2 and auctioneers said it had just been left on a mantelpiece of a New York family who had no idea of its real worth, auctioneers Sotheby's said.

But the bargain buy turned out to be a 'rare and important' 1,000-year-old bowl from Northern Song Dynasty in China.
The bowl sparked a sales battle before being snapped up by London dealer Guiseppe Eskenazi on Tuesday.
Sotheby's originally estimated that the bowl, which measures just 5in (12.7cm) in diameter, would sell for $300,000 at most.
Mr Eskenazi, recognised as one of the most important dealers in Oriental art in the world, paid more than seven times its estimated value.
The art dealer entered into a "prolonged" fight with three other collectors, Sotheby's said.
Sotheby's said the bowl is a "remarkable and exceptionally beautiful example of Song pottery, celebrated for its thin potting, fine near-white body and ivory coloured glaze".
The only known bowl of the same form, size and almost identical decoration has been in the collection of the British Museum in London for more than 60 years, after being left to the museum by the prominent British collector Henry J Oppenheim in 1947.

It's just been sold to an anonymous buyer for $2.2million - that's around £1.5million!
Only one other almost identical bowl is known of - which is on display at the British Museum in London.
 From CBBC and BBC


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