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Bowl sets new Kangxi record at £5.8m

22 April 2013Written by Anne Crane

A new auction high for Qing Kangxi porcelain was established in Sotheby’s latest spring sale series in Hong Kong.

The record came when this ruby-ground falangcai Kangxi mark and period bowl was sold for HK$65m (£5.8m). The buyer was the Hong Kong dealer William Chak of Chak's Company Ltd.

The price trebled the previous high for Qing Kangxi, the HK$20m (then £1.38m) paid at Christie's in Hong Kong in November 2006 for a blue and white dragon vase from the Robert Chang collection.

The 4½in (11cm) bowl, painted with a continuous lotus pondscape, is one of the earliest pieces decorated in the newly introduced Western enamelling technique and is the only recorded bowl with this type of design.

It was ambitiously estimated at HK$70m, having been consigned by Dr Alice Cheng, a Shanghai-born businesswoman who has spent the last 15 years putting together a collection of Imperial porcelain. The bowl last appeared at auction at Christie's Hong Kong in 1999 when it made HK$11m (then £873,710).

It also produced the highest individual price in the entire series which raised a premium-inclusive total of HK$2.18bn between April 3-8.

The buyer's premium was 25/20/12%.

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