Wed, Jan 16, 2013 - Page 12 News List

The price is right

The initial buyer of a rare 18th-century porcelain Qing Dynasty vase failed to pay his own record-setting offer. Now it’s been sold to another collector for less than half the original bid price

By Scott Reyburn  /  Bloomberg, London

A video of the record-breaking auction still features on Bainbridges’s Web site and the vase is used in place of an “i” on the company logo.

Wang Yaohui, the Beijing-based chairman of Zhonghui Guohua Industrial Group Co, Ltd, has been named in connection with the 2010 bid by the China-based art news Web site en.artron.net and other Asian media sources.

He was unavailable for comment by telephone and did not respond to emails when Zhonghui Guohua was contacted by Bloomberg News yesterday.

Zhonghui Guohua is a conglomerate with interests that include real estate, hi-tech industry, construction and minerals.

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