Thursday, November 18, 2010

Chinese vase brings about impression following huge selling price

An uncommon Chinese vase has caused a sensation following selling for an incredible value. The vase was discovered in an attic. The vase became probably the most expensive ever sold, fetching more than 53 million pounds or $85 million. The vase had been stored in an attic for years, as the owner was oblivious to its value. It is likely from the late 18th century.

Vase that's Chinese located in an attic

It’s nevertheless unknown who the woman and her son was that marketed the vase. The Telegraph accounts that her brother left her the vase though. The vase was sitting in the woman’s attic room following her brother inherited it from an uncle, an “adventurer” who brought the vase back from China and left it to his nephew, who left it in turn to his sister. The vase just sat someplace getting dusty. The woman then put it on her bookshelf. She had it appraised at 800 pounds or $1,300 eventually. The woman was told that the vase was worth much more than that following she took it to the auction house Bainbridges. The vase was suspected to be from the royal collection of the Qianlong emperor of Hongli as it was from the Qing dynasty. It will go back to the 18th century in how old it is. It’s expected to have been fired within the imperial kilns. The royal seal in it implies this.

Uncommon Chinese vase rumors fly

Many Chinese collectors came to try to purchase the vase at an auction after message got out. It took a long time for the bidding to end. It was a 30 minute round of bidding. More than 53 million pounds or $85 million were paid for the vase in the end. The Daily Mail explained that the winner had missed out on an uncommon Chinese vase earlier this year. This Chinese industrialist wasn't about to let that take place again. Peter Bainbridge was the auctioneer. He made the gavel shatter because it was banging to hard. Rare Chinese porcelain is incredibly valuable.

Next we collect some taxes

After paying the auction commission, just less than 9 million pounds, the family may also face a tax bill of about 12 million pounds. The selling was an incredible discover for the auctioneer, who doesn’t normally deal with lots valued more than 500 pounds.

Data from

Daily Mail

dailymail.co.uk/news/article-1329308/53m-Chinese-vase-kept-wobbly-bookcase-insured-just-800.html?ito=feeds-newsxml

The Telegraph

telegraph.co.uk/culture/art/artsales/8129446/Chinese-vase-sale-vendors-to-receive-12m-tax-bill.html



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