Bloomberg’s Scott Reyburn brings some closure to the long-running tale of the Chinese vase found in a British home that was bid furiously to $80+ million only to have the buyer get cold feet and fail to pay. Considering the number of doubts surrounding the authenticity of the vase (whether it was a later copy, not a fake), the £20-25m price reported is still a huge win for the sellers:
The owners, a retired solicitor called Tony Johnson and his mother Gene, waited two years for a resolution. They have now sold the vase to another buyer for an undisclosed price between 20 million pounds and 25 million pounds, said a person with knowledge of the matter.
The private transaction was brokered by the London-based auction house Bonhams. The vase has now been exported. The new owner has been identified by dealers as an Asian collector.