{"id":41269,"date":"2021-01-15T06:02:54","date_gmt":"2021-01-15T11:02:54","guid":{"rendered":"https:\/\/rehs.com\/eng\/?p=41269"},"modified":"2021-01-14T19:11:53","modified_gmt":"2021-01-15T00:11:53","slug":"300-year-old-vase-big-payday","status":"publish","type":"post","link":"https:\/\/rehs.com\/eng\/2021\/01\/300-year-old-vase-big-payday\/","title":{"rendered":"300 Year Old Vase = Big Payday"},"content":{"rendered":"

\"white<\/a>I have written about the surprising auction results of Chinese art objects many times, but I am still amazed at how auctioneers consistently seem to have a hard time with their valuations.\u00a0 A recent sale in Ireland, once again, demonstrates the difficulty in valuing objects and the strength of the market as the final price of another Chinese vase shocks the auctioneer and the family that consigned it.<\/p>\n

It is unknown how the 300-year-old Chinese vase made it to Ireland, but it has been part of an Irish family\u2019s collection for over 80 years. Since there was very little information about its history, the auction house\u2019s estimate was modest (\u20ac 800\u20131200), and the catalog description was very basic — \u201d Chinese celadon vase of amphora form decorated with scroll handles, seal mark to base\u201d \u2026 but that was just enough to spark quite a lot of interest.<\/p>\n

Bidding started at just \u20ac500; it appears this was intentional to stir up the competition as the auctioneer had become aware of the high level of interest. When the lot opened, the price quickly shot past \u20ac100K. As the bidding escalated, the competition dwindled to just two bidders, one online and the other on the phone.\u00a0 The phone bidder, a collector from Taiwan, was undeterred and eventually became the new owner when the hammer finally came down at \u20ac 1.2M\/$1.44M (\u20ac1.5\/$1.84M w\/p), which set a record price for an art object sold at auction in Ireland.<\/p>\n","protected":false},"excerpt":{"rendered":"

I have written about the surprising auction results of Chinese art objects many times, but I am still amazed at how auctioneers consistently seem to have a hard time with their valuations.\u00a0 A recent sale in Ireland, once again, demonstrates … More…<\/a><\/p>\n","protected":false},"author":3,"featured_media":41273,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[111,20,73],"class_list":["post-41269","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rehs-contemporary","tag-antiquities","tag-auction-results","tag-chinese-antiques"],"yoast_head":"\n300 Year Old Vase = Big Payday - Rehs Galleries<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/rehs.com\/eng\/2021\/01\/300-year-old-vase-big-payday\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"300 Year Old Vase = Big Payday\" \/>\n<meta property=\"og:description\" content=\"I have written about the surprising auction results of Chinese art objects many times, but I am still amazed at how auctioneers consistently seem to have a hard time with their valuations.\u00a0 A recent sale in Ireland, once again, demonstrates … More...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/rehs.com\/eng\/2021\/01\/300-year-old-vase-big-payday\/\" \/>\n<meta property=\"og:site_name\" content=\"Rehs Galleries\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/RehsGalleriesInc\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-15T11:02:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2021\/01\/chinese_vase.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"614\" \/>\n\t<meta property=\"og:image:height\" content=\"702\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Amy Rehs\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Amy Rehs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2021\\\/01\\\/300-year-old-vase-big-payday\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2021\\\/01\\\/300-year-old-vase-big-payday\\\/\"},\"author\":{\"name\":\"Amy Rehs\",\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/#\\\/schema\\\/person\\\/e9be54a41856350ea54e2acf2fd6f8ec\"},\"headline\":\"300 Year Old Vase = Big Payday\",\"datePublished\":\"2021-01-15T11:02:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2021\\\/01\\\/300-year-old-vase-big-payday\\\/\"},\"wordCount\":245,\"publisher\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2021\\\/01\\\/300-year-old-vase-big-payday\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/rehs.com\\\/eng\\\/wp-content\\\/uploads\\\/2021\\\/01\\\/chinese_vase.jpg\",\"keywords\":[\"Antiquities\",\"Auction Results\",\"Chinese Antiques\"],\"articleSection\":[\"Rehs Contemporary\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2021\\\/01\\\/300-year-old-vase-big-payday\\\/\",\"url\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2021\\\/01\\\/300-year-old-vase-big-payday\\\/\",\"name\":\"300 Year Old Vase = Big Payday - 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