A Chinese vase expected to fetch €1,500-€2,000 (around $1,470-$1,960) at auction has sold for more than €9 million ($8.8 million) after a bidding war between collectors
The blue-and-white Tianqiuping vase went under the hammer at the Osenat auction house in Fontainebleau, near Paris, on Saturday, and achieved a final price of €9.121 million including fees, according to the company website.The vase has a spherical body and a long cylindrical neck. It measures 21 x 16 inches and is decorated with dragons and clouds, according to the listing. Tianqiuping vases are also known as"celestial sphere" vases because of their shape.
The grandmother was a keen art collector and had owned the vase for 30 years, he said, adding that there were early signs of huge interest in the vase when dozens of people came to examine it during a pre-auction exhibition. Osenat explained that while a valuation expert said the vase dated from the 20th century, and was therefore not rare, collectors believed it was a very rare example of an 18th-century Tianqiuping vase."I have faith in the hammer, which is to say that I think the law of supply and demand determines the market price," he said."The view of an expert can't outweigh that of 300 people.
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