Yesterday at Sothebys
Hong Kong Fine Chinese Ceramics and Works of Art Spring Sale 2010, An Important and Superb Imperially Inscribed Tai Shang Huang Di White Jade Seal, Yubi Mark and Period of Qianlong fetched HK$95,860,000 / US$12,289,744, establishing a world record for white jade and Imperial seal at auction. Previous record was also achieved by Sothebys Hong Kong when the jade seal commanded HK$46,247,500 / US$5,918,293 in October 2007.
Bidding opened at HK$30 million, and after 6 bids a phone bidder shouted out a bid of HK$50 million. The furious bidding continued for some time and after a total of 16 very frenzied bids which lasted for a tension-filled ten minutes, the seal was eventually sold to a room bidder for an astonishing hammer price of HK$85 million (HK$95.86 million including buyers premium),
Another top lot a magnificent ceremonial court pearl necklace (Chaozhu), Qing dynasty, 18th century sold for HK$67,860,000/US$8,700,000 to a bidder over the telephone, eight times the high estimate (HK$12 million/ US$1.55 Million), setting a world record for any Imperial jewel at auction. Started out at the opening bid of HK$5 million, this star lot was competed furiously by 4 telephone bidders and 1 bidder in the saleroom. After a total of 61 bids, it went under hammer at HK$60 million and was bought by a telephone bidder at the staggering price of HK$67.86 million/US$8.7 million (premium inclusive).
Also of note is an outstanding and extremely rare three-tiered Beijing enamelled box, mark and period of Qianlong sold for HK$27,540,000/US$3,530,769, setting a world record for a Beijing enamel ware at auction.
In The Water, Pine and Stone Retreat Collection - Objects Of Contemplation sale, an Imperially Inscribed Bamboo-Veneer Ruyi-Sceptre, Qianlong Period sold for HK$15.78 million / US$2 million (Est. HK$13-15 million), achieving a world record for a carved bamboo and a ruyi-sceptre at auction.