Tiny 3-inch cup fetches $36M at Sotheby’s auction

HONG KONG (NBC/APTN) — A small cup fetched $36 million at auction Tuesday to smash the world record price for Chinese porcelain.

A collector from mainland China was the winning bidder of the so-called “chicken cup.”

It measures 3.1 inches in diameter and was made more than 500 years ago during the Ming Dynasty. It’s decorated with a rooster, a hen and their chicks.

The hammer at the Sotheby’s Auction came down at $250 million Hong Kong dollars with a buyers commission of $31 million Hong Kong dollars. That made for a total of $280 million Hong Kong dollars, or $36 million in U.S. dollars.

“I think it’s not a question of reasonable, not reasonable,” said Nicolas Chow, the international head of Chinese Ceramics and Works of Art at Sotheby’s. “This is the unique opportunity; it’s an iconic Chinese art. It is worth what anyone is willing to pay for it.”

Sotheby’s said the previous record for Chinese porcelain was set by a Qianlong vase, which sold in 2010 for $32.4 million.

KXAN.com provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Users who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

blog comments powered by Disqus