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Wed, Nov 29, 2006 - Page 10 News List

Bowl fetches record price


An 18th century Chinese ceramic bowl is displayed at Christie's auction house in Hong Kong yesterday. The famille rose bowl was sold for HK$151 million (US$19.5 million), breaking the world record price for Qing dynasty ceramics, Christie's said.


A tiny bowl believed to be around 270 years old smashed the record for a piece of Chinese ceramic art at auction yesterday when it was sold for HK$151.3 million (US$19.5 million).

The delicate famille rose bowl, with a swallows design, fetched double its expected sale price of US$70 million-US$80 million. Famille rose refers to the kind of glaze used to coat the bowl.

The bowl, just 11.3cm in diameter, was among US$1.1 billion worth of Asian art, watches and jewelry -- believed to be the largest collection of Asian lots ever assembled -- under the hammer in auction house Christie's autumn sale.

Christie's would give no details of the buyer.

On Sunday, the first day of the four-day sales, a painting by late Chinese artist Xu Beihong (徐悲鴻) sold for HK$53.9 million, setting a record for a Chinese oil painting sold at auction.

Increasingly wealthy Asians are becoming high-profile players in the booming global art market, and Hong Kong has rapidly established itself as the world's third most important art market, after New York and London.

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