Chinese vase brings about sensation following massive selling price

An uncommon Chinese vase was found in an attic room and sold for enormous amounts. The vase became the most costly 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’s likely from the late 18th century.

Vase in attic room that's Chinese

According to the Telegraph, there was a woman and her son who had the vase left to them by her brother while they’re anonymous following selling it. The vase was sitting within the woman’s attic 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. At some time she decided to get it appraised. It came out to $1,300 or 800 pounds. The woman was told 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 was probably fired in the imperial kilns as it has the royal seal in it.

Message of rare Chinese vase spreads

Everyone began talking over it. This led to an auction where there were a ton of Chinese collectors all set to buy the vase. It took a long time for the bidding to end. It was a 30 minute round of bidding. The gavel fell on the winning bid of more than 53 million pounds ($85 million United States of America). The Daily Mail explained the winner had missed out on an uncommon Chinese vase earlier this year. This Chinese industrialist was not about to let that happen again. The gavel was shattered while the auctioneer, Peter Bainbridge, banged it so hard. It costs a lot to get uncommon Chinese porcelain. It is valuable to many.

The taxman cometh

The family had to pay fees of about 12 million pounds after paying 9 million pounds as part of the auction commission. The auctioneer does not generally handle things more than 500 pounds which made this a fantastic discover.

Citations

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