Wednesday, April 10, 2013

RM 29 MILLION FOR A SMALL PORCELAIN BOWL NOT BIG ENOUGH FOR INSTANT NOODLES!

KEE@FSWMAG.COM
TO THE DAY I DIE AND POSSIBLY WHEN I GET REBORN, I CANNOT BELIEVE ANYONE WOULD PAY RM 29 MILLION FOR A BOWL SO SMALL IT SHOULD BE CLASSIFIED AS 'TEA CUP' AS I AM UNABLE TO FILL IT WITH MAGGI INSTANT NOODLES!

Still, congratulations to William Chak of Chak's Company in Hong Kong who doled out nearly RM 30 million for this Kangxi masterpiece!



Sotheby’s Hong Kong Spring 2013
Fine Chinese Ceramics And Works Of Art Sales Concluded on 8 April

A Magnificent Falangcai Bowl From The Collection of Dr. Alice Cheng
For HK$74 Million / US$9.5 Million
To The Preeminent Hong Kong Chinese Ceramics Dealer
William Chak Of Chak’s Company Ltd.
- WORLD AUCTION RECORD FOR ANY QING KANGXI PORCELAIN –

- First Appeared At Auction In 1983 And Sold For HK$528,000 / US$67,700
At Sotheby’s Hong Kong 10th Anniversary Sale -
Sotheby's Nicolas Chow  William Chak at press conference (2).jpg
See how small this near RM 30 million bowl is? Nicholas Chow from Sotheby's and William Chak  the new owner had to hold the precious bowl with 4 hands!

Hong Kong, 10 April 2013     Sotheby’s Hong Kong Fine Chinese Ceramics and Works of Art Spring Sale Series 2013 concluded on 8 April.  Comprising single-owner sales of A Magnificent Falangcai Bowl From the Collection of Dr. Alice Cheng (pictured above), The Meiyintang Collection, Part V - An Important Selection of Imperial Chinese Porcelains and Water, Pine and Stone Retreat Collection, Scholarly Art III, as well as a various-owner sale - concludes with a combined total of HK$542million / US$69.5 million.  In the morning of 8 April, Sotheby’s Hong Kong sold A Magnificent Ruby-Ground Falangcai “Double-Lotus” Bowl Blue Enamel Yuzhi Mark And Period Of Kangxi for a notable
HK$74 million / US$9.5 million*, to the preeminent Hong Kong Chinese ceramics dealer, William Chak of Chak’s Company Ltd. after a total of 11 bids, setting a World Auction Record For Qing Kangxi Porcelain.  

Nicolas Chow, Sotheby’s Asia Deputy Chairman and International Head of Chinese Ceramics and Works of Art, said, “At Sotheby’s invitation, Dr. Alice Cheng was persuaded to part with the magnificent Ruby-Ground Falangcai Bowl From The Period Of Kangxi to mark the year-long celebration of the 40th Anniversary of Sotheby’s Hong Kong.  Setting a World Auction Record For Qing Kangxi Porcelain when it sold for HK$74 million / US$9.5 million at today’s sale, the bowl lends special significance to this important occasion and we are pleased with the result. Other strong prices today include the HK$43.8 million / US$5.64 million paid for a superbly enamelled and possibly unique Famille-Rose Peachbox and Cover from the Period of Yongzheng, HK$25.88 million / US$3.33 million achieved by a magnificent and rare Wucai “Fish” Jar from the Period of Jiajing, and the HK$21.4 million / US$2.76 million fetched by an exquisite Blue-Ground and Gilt-Decorated Square Vase and Inscribed with Poems from the Qianlong period.  Altogether nine lots sold for more than HK$10 million / US$1.28 million.”



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