Last Updated on 4/24/2006 by bidz
Thursday April 20, 2006
“BEIJING: A Chinese entrepreneur paid 160mil yuan (US $20 Million) at an auction for an eighth-century white porcelain vase, a new record for antiquities in China, state television and an auction house employee said on Tuesday.
The sale highlighted the soaring prices that newly rich Chinese collectors are paying for cultural relics at home and abroad.
The vase, made during the 960-1279 Song dynasty, was sold in Beijing last Saturday during an antiquities fair, said Lu Fei, an employee of the Red Sun International Auction Co.”