Chinese vase sells for world record-breaking £53.1 million at auction

[dipsydoodle]

The 18th century Qianlong porcelain vase had been estimated to fetch between £800,000 and £1.2 million by Bainbridges, the provincial auction house handling the sale.

The 18th century Qianlong-dynasty porcelain vase is believed to have fetched the highest price for any Chinese artwork sold at auction

However both the auctioneers and the owners were stunned when it went for the highest price of any Chinese artwork sold at auction.

The elaborately decorated piece was put up for sale by a brother and sister who found it while clearing out their parents’ home in Pinner, north-west London after they recently died.

http://www.telegraph.co.uk/news/worldnews/asia/china/8127919/Chinese-vase-sells-for-world-record-breaking-53.1-million-at-auction.html

edit to add : buyers commission payable to the auction house is 20 % so the little auction house in Ruislip stands to be paid over £10,000,000 ! Buyer is believed be to mainland Chinese.