October 5, a blue and white porcelain vase of Ming dynasty (36.5 cm high) was sold at 168 million Hong Kong dollars ($ 21.62 million) in Sotheby’s Hong Kong autumn auction, making the world auction record for Ming dynasty porcelain, and previous estimated price was HK$ 80 million to HK$ 120 million.
Sotheby’s Hong Kong director of Chinese painting department Zhang Chaoqun said that Sotheby’s had the honor commissioned by collectors around the world, to host the auction, present a series of famous masterpieces, including two from the private collections. These works have been beloved by the previous generation of Western collectors.
2011 Sotheby’s Hong Kong autumn auction runs from October 1 to 6 for six consecutive days. The final total turnover of the auction hits new record, refreshing the Sotheby’s auction record of Chinese paintings and calligraphy, 16 pieces were sold at more than ten million HK dollars. Total valuation of auction was estimated at more than HK$ 2.7 billion.