Chinese Southern Song dynasty vase sells for $14.6 million

Nicolas Chow, International Head of Chinese Ceramics and Works of Art at Sotheby’s, shows off a Southern Song dynasty-era vase that sold for $14.6 million in Hong Kong.
Source: Sotheby’s
Nicolas Chow, International Head of Chinese Ceramics and Works of Art at Sotheby’s, shows off a Southern Song dynasty-era vase that sold for $14.6 million in Hong Kong.

The market for Chinese ceramics shows no signs of cracking.

Sotheby's sold a Southern Song dynasty vase for $14.6 million, making it the third-most expensive ceramic from that era ever sold. The price was nearly twice the estimated sale price of $7.7 million.

It was sold to Liu Yiqian, a Shanghai businessman who made his fortune from real estate and pharmaceuticals. He is also famous for buying the $36.3 million Ming dynasty "chicken cup" sold last year.

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Sotheby's said the octagonal vase, which is 8 1/2 inches tall, will go to the Long Museum, Liu's museum in Shanghai.

The price of the vase puts it behind the Ru Guanyao Lobed Brush Washer sold by Sotheby's in 2012 for $26.65 million and the Clark Ding Basin sold for $18.8 million last year.

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Sotheby's also sold a Qing dynasty white jade "Yongzheng Yubi Zhi Bao" seal for $13.5 million, which was more than four times the estimate.

Chinese ceramics have been among the top-performing collectible investments over the past year, gaining 9 percent in 2014, and 46 percent over the past five years, according to Knight Frank.

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