At a Hong Kong auction, London dealer Richard Littleton purchased Buddhist figure, bearing the mark of Ming-era Emperor Xuande and 500-years old for $9 million, more than double against presale estimation. He says this is very reasonable price for such a rare piece and is confident that this will a good investment. After the globla crisis for the first time any European has purchased from city auction.
There were 333 antiques offered to about 400 bidders. 212 lots sold for HK$673 million and 2 days of auction are left. Another highlight: 30 antique pieces carved rhinoceros horns fetched almost 6 times the presale expectation.
Two lots sold for HK$40 million each which is a record price for rhino-horn item.
A libation cup carved with eight stallions fetched HK$26.4 million.
Qing Dynasty box carved with a roundels of branches was sold for HK$6 million.
China's stock tycoon Liu Yigian purchased a dragon-motif wooden sear in October for a record HK$86 million.
Shitao expects that 300-year-old album of eight leaves will fetch HK$120 million.
Ratio of Chinese bidders to total bidders rose to 90% from 50% few years back.
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