A Qing Dynasty vase has sold at Sotheby’s in Hong Kong for $32.9 million, a record for a Chinese work of art at auction. The buyer was Hong Kong-based collector Alice Cheng, whose winning bid was an example of what Sotheby’s Nicolas Chow described as the “monstrous” appetite of the Chinese market.
The sale capped a week of very strong Hong Kong sales across a variety of categories . Chinese collectors avidly pursued works particularly related to Chinese history. The delicate yellow and rose vase had formerly belonged to the late J.T.Tai. a New York-based dealer whose foundation consigned thirteen works to the sale.
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