Subscribe to our free daily newsletters
  Energy News  




Subscribe to our free daily newsletters



TRADE WARS
$37.7 million bowl sets Chinese ceramic auction record
By Elaine YU
Hong Kong (AFP) Oct 3, 2017


A 1,000-year-old bowl from China's Song Dynasty sold for US$37.7 million in Hong Kong on Tuesday, breaking the record for Chinese ceramics, auction house Sotheby's said.

The small piece -- which dates from 960-1127 -- stole the previous record of $36.05 million set in 2014 for a Ming Dynasty wine cup which was snapped up by a Shanghai tycoon famous for making eye-watering bids.

The person behind Tuesday's winning offer wished to remain anonymous, Sotheby's said, with the auction house declining to say whether the buyer hailed from the Chinese mainland or not.

"It's a totally new benchmark for Chinese ceramics and we've made history with this piece today," Nicolas Chow, deputy chairman of Sotheby's Asia, told reporters.

Bidding started at around US$10.2 million with the suspense-filled auction lasting some 20 minutes as a handful of phone bidders and one person in the room itself competed with each other.

The winning offer eventually came from one of the phone bidders and was received by a round of applause.

The bowl -- originally designed to wash brushes -- is an example of extremely rare Chinese porcelain from the imperial court of the Northern Song Dynasty and one of only four such pieces in private hands, according to Sotheby's.

Measuring 13cm in diameter, the dish features a luminous blue glaze.

- 'Chicken cup' -

The price tag exceeds the earlier record made by a tiny white piece known as the "Chicken Cup", decorated with a colour painting of a rooster and a hen tending to their chicks, and created during the reign of the Chenghua Emperor between 1465 and 1487.

That cup sold in 2014 to taxi-driver-turned-financier Liu Yiqian, one of China's wealthiest people and among a new class of Chinese super-rich scouring the globe for artwork and antiquities.

He famously drank tea from the dainty vessel after his purchase, causing something of a social media meltdown in China at the time.

In recent years Liu, who has built his own museum in Shanghai, has made a series of record-breaking bids and has become China's highest profile art collector.

More recently he has turned to acquiring Western masterpieces.

In 2015 he splashed out on Modigliani's "Nu Couche" or "Reclining Nude" for more than US$170 million at Christie's in what was then the second highest price ever paid at auction for a work of art.

An ongoing anti-corruption drive in mainland China has done little to dent feverish bidding in Hong Kong's auction houses.

Earlier this year a giant diamond named the "Pink Star" broke the world record for a gemstone sold at auction when it fetched US$71.2 million.

The 59.60-carat rock was sold to the city's Chow Tai Fook jewellery chain which has a strong presence across East Asia.

Last year the city's auction houses set a new record for the most expensive designer handbag -- a diamond-encrusted crocodile-skin Hermes handbag with white gold details that sold for US$300,000.

China's various dynasties were renowned for their fine ceramics with the Song period often regarded as producing some of the region's most superb examples.

Song ceramics are particularly known for their subtlety, simplicity and exquisite glazing and have long been among the most sought after objects for collectors.

TRADE WARS
Chinese manufacturing accelerates for second straight month
Beijing (AFP) Sept 30, 2017
China's manufacturing activity accelerated for a second straight month in September, official figures showed Saturday, although an independent indicator was less positive about the world's second largest economy. The sector expanded at its fastest pace since 2012 after rebounding in August, official data showed. "The indicator showed a steady upward trend in the manufacturing sector," n ... read more

Related Links
Global Trade News


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only

Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
SLAC-led project will use AI to prevent or minimize electric grid failures

Scientists propose method to improve microgrid stability and reliability

ADB: New finance model needed for low-carbon shift in Asia

China merges energy giants into global leader

TRADE WARS
Small scale energy harvesters show large scale impact

Research led by PPPL provides reassurance that heat flux will be manageable in ITER

Stopping problem ice - by cracking it

Hybrid indium-lithium anodes provide fast interfacial ion transport

TRADE WARS
Germany gets economic lift with wind energy

French energy company to build wind power sector in India

Finding better wind energy potential with the new European Wind Atlas

Last of the 67 turbines for a British wind farm installed

TRADE WARS
India gets lending support for a greener grid

A little tension yields enormous solar crystals

International Trade Commission finds injury in solar industry dispute

France gets green light for green support schemes

TRADE WARS
BWXT awarded contract extension for nuclear waste facility operations

UAE to open Arab Gulf's first nuclear reactor in 2018

Russia floats out powerful nuclear icebreaker

Against rising headwinds, UK pushes ahead with nuclear projects

TRADE WARS
Algae with light switch

Researchers develop 3-D-printed biomaterials that degrade on demand

Illinois researchers develop gene circuit design strategy to advance synthetic biology

Copper catalyst yields high efficiency CO2-to-fuels conversion

TRADE WARS
Minnesota hears it from both sides over Enbridge oil pipeline

Russian budget deficit revised lower

U.S. data show petroleum supply and consumer demand dropped

Barents Sea oil and gas search effort comes up empty

TRADE WARS
Science denial not limited to political right

Canada Tory MP called out for referring to minister as 'climate Barbie'

US looks to work with Paris climate accord 'partners': Tillerson

Climate risk classification created to account for potential 'existential' threats




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News






The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement