The First Art Newspaper on the Net Established in 1996 United States Thursday, April 2, 2015


Ming-era 'chicken cup' sells for $36.05 million breaking record for Chinese porcelain
The Meiyintang Chenghua 'Chicken Cup' is displayed by deputy chairman for Sotheby's Asia Nicolas Chow after it was sold for a record price in Hong Kong on April 8, 2014. The rare Ming-era Chinese wine cup broke the world auction record for any Chinese porcelain, selling in Hong Kong for 36.05 million USD to a mainland Chinese collector, Sotheby's auction house said. AFP PHOTO / Aaron Tam.

By: Aaron Tam

HONG KONG (AFP).- A Ming Dynasty wine cup broke the world auction record for Chinese porcelain in Hong Kong on Tuesday, after it was bought for $36.05 million (HK$281.24 million) by Shanghai tycoon Liu Yiqian, Sotheby's said.

The tiny white porcelain cup, decorated with a colour painting of a rooster and a hen tending to their chicks, was made during the reign of the Chenghua Emperor between 1465 and 1487.

The sale set a record for Chinese porcelain, according to the auction house, beating the HK$252.66 million ($32.58 million) paid for a gourd-shaped vase from the Qianlong period in 2010.

It also far exceeded the previous world record for Ming Dynasty porcelain, which was set by a blue and white vase that fetched HK$168.66 million in 2011.

Nicolas Chow, deputy chairman of Sotheby's Asia, described the cup as the "holy grail" of Chinese art.

"There is no more legendary object in the history of Chinese porcelain. This is an object bathed in mythology," he told reporters after the sale.

"It has gone to an extraordinarily good home in Shanghai in the collection of Liu Yiqian."

Bidding started at HK$160 million, with Liu making the winning offer by telephone after a lengthy battle among hopeful buyers.

Liu, a taxi-driver turned financier now aged 50, is one of China's wealthiest men and among the country's new class of super-rich scouring the globe for artwork.

He is worth an estimated $1.6 billion and has two museums to his name.

Liu made headlines in the art world when he bought a Song-era scroll for $8.2 million at a Sotheby's auction in New York in September -- only to have it dismissed as a fake by experts. He stands by its authenticity.

Liu made his first fortune speculating in Shanghai's newly established stock market in the 1990s, but now runs a huge conglomerate active in several industries.

Centuries of imperial admiration

The chicken cup represents the pinnacle of Ming-era porcelain production, according to Sotheby's.

"That period in terms of porcelain production was really the peak of material refinement," Chow told AFP before the sale, adding that later emperors were so enamoured by the design that the chicken cup was copied extensively.

"When you buy a chicken cup... you don't just buy the object, you're buying centuries of imperial admiration for these objects," he said.

Fewer than 20 such cups are known to exist, with just four in private collections, Chow said, adding that this would become the only genuine chicken cup in China upon its return.

An 18th century Qing dynasty vase appeared to set a record auction price for Chinese porcelain of £51.6 million ($86.22 million), when it went under the hammer in 2010. But the item was not paid for.

The vase was later sold in a private transaction for less than half of its hammer price, between £20 million to £25 million, Bloomberg News reported in early 2013.

Hong Kong has emerged as one of the biggest global auction hubs alongside New York and London, fuelled by China's economic boom and demand from Chinese and other Asian collectors.

"We've seen in this entire week, extraordinary prices" for the Sotheby's Spring Sales, Chow said.

"It's an extremely good sign for the present (economic) climate."

A necklace made of 27 jadeite beads broke the world record for jadeite jewellery on Monday, Sotheby's said, selling at HK$214 million -- more than twice the estimated price.



© 1994-2014 Agence France-Presse





Today's News

April 9, 2014

Ming-era 'chicken cup' sells for $36.05 million breaking record for Chinese porcelain

Christie's to offer Francis Bacon's "Three Studies for a Portrait of John Edwards"

ARTnews announces sale to Sergey Skaterschikov's investment vehicle Skate Capital Corp.

Sotheby's to present Flemish Old Master paintings from the Coppée collection

United States pastor Kevin Sutherland convicted over Damien Hirst fake paintings

Kunsthalle Zürich's Beatrix Ruf appointed new Director of the Stedelijk Museum Amsterdam

Exhibition brings together all of Wilhelm von Kobell's Napoleonic Wars paintings

Christie's London Russian Art Sale led by two exceptional paintings by Vasily Vereshchagin

Parrish Art Museum is loaned towering sculpture "Tokyo Brushstroke I & II" by artist Roy Lichtenstein

Plains Indian exhibition opens in Paris, propels Nelson-Atkins into international arena

Chinese coins sell for US$3.2 million: Lindén steals the show at Baldwin's Hong Kong Coin Auction

Exhibition of paintings from south-east China on view at the British Museum in London

The Kernochan Family with ties to Mrs. William B. Astor to sell gold coin collection at Bonhams

Retrospective of the life and work of infamous artist Thierry Noir on view at Howard Griffin Gallery

Newark Museum names Sonnet Takahisa as Deputy Director of Education

Renny Pritikin appointed Chief Curator of The Contemporary Jewish Museum

Take a seat...Summers Place Auctions launch a series of themed online auctions

Works by Laura de Santillana and Alessandro Diaz de Santillana on view at Le Stanze del Vetro

Joanne T. Chou appointed Chief Financial Officer at the Asian Art Museum

Impressive diamonds, coloured gems and natural pearls are the stars of Bonhams sale

Ruth W. Hill collection of world notes debuts at Heritage Auctions Central States event

Survey exhibition of Li-lan's major paintings and pastels on paper on view at Jason McCoy Gallery

Most Popular Last Seven Days



1.- Alan Bean's Apollo 12 space memorabilia for auction at Bonhams' annual Space History sale

2.- Former electrician who hid 271 Picasso works found guilty of possessing stolen goods

3.- Museo del Prado brings together for the first time four masterpieces by Van der Weyden

4.- Study by Mexican anthropologist says elites' clash led to Teotihuacan collapse

5.- Classical realist painter Jenness Cortez re-imagines Leonardo's 'Mona Lisa'

6.- National Gallery of Art reunites Rubens' Three Magi for the first time in a century

7.- Adolf Hitler 1912 watercolor still life painting to be auctioned by Nate D. Sanders Auctions

8.- Curator at Croatia's Natural History Museum finds Neanderthals were world's first jewellers

9.- 17 tourists killed and 42 wounded as gunmen attack Tunisia's National Bardo Museum

10.- Anish Kapoor presents a series of giant and wildly expressive resin and silicon works



Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 

Founder:
Ignacio Villarreal
Editor & Publisher: Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Ramírez - Marketing: Carla Gutiérrez
Special Contributor: Liz Gangemi - Special Advisor: Carlos Amador
Contributing Editor: Carolina Farias

Royalville Communications, Inc
produces:

ignaciovillarreal.org theavemaria.org juncodelavega.org facundocabral-elfinal.org
Founder's Site. The most varied versions
of this beautiful prayer.
Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site