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Chinese Works of Art Break the Barrier

October 11, 2010 by Marion Maneker

Reuters polls some of the Chinese works of art experts to see if the recent record prices in Hong Kong are signs of a market raging out of control or a secular reset in prices:

“It’s astounding,” said veteran New York-based dealer James Lally. “I feel this is not a bubble. We’ve seen so much depth to this market. We’re stunned because there’s no precedent for it.” Fired in the 18th century during the Qianlong period of the Qing dynasty, the gourd-shaped vase has an impeccable provenance and put up for sale by longtime collector J.T. Tai. […] “Every so often something like this happens,” said Nader Rasti, a London art dealer. “A psychological barrier has been broken,” he said of the blockbuster prices.

Qing vase smashes world record in glowing China art sales (Reuters)

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Filed Under: Auction Results Tagged With: Chinese Works of Art, Hong-Kong, Sotheby's

About Marion Maneker

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