Friday, November 26, 2010

Old Vase Left Behind in House Worth $85 Million

A brother and sister in Pinner, UK, cleaned out the house belonging to their recently-deceased parents. They figured that an old vase that they found might be worth a few bucks, so they decided to have it appraised:

They took it to the local auctioneer Bainbridges, in nearby Ruislip, who were in turn excited by the find and valued it at between £800,000 and £1.2m.

However, no one expected the reaction from Chinese buyers, who pushed the bidding up over 30 frenzied minutes to a world record £43m.

By the end of the auction, the price was increasing in £1m chunks as the final few bidders – understood to be mainland Chinese businessmen – vied for the vase.

The final selling price was about $85 million.

Link | Photo: Bloomberg, Via: Neatorama

No comments:

Post a Comment