U.S. Art Fund Buys Ming Dynasty Jar for $3.9 mn

Xiling Group, U.S. art-investment fund made up to the headlines by dropping HK$30.6 million ($3.9 million) for buying a Ming Dynasty blue-and-white jar that was set to be auctioned at Christie’s Hong Kong art auction. This portray of 16 boys singing in a Chinese garden featured on the jar was grabbed by a New York-based art dealer John Berwald during a two-minute contest over the phone. The sales generation of $3.9 mn (including commission) is the highest generated by porcelain jar from the Jiajing era (1522-1566). On 27 November, the auction for Qing Dynasty white-jade brushpot fetched HK$54.1 million, which is the highest value for a white-jade carving against Christie’s pre-sale estimate of HK$15 million. A whooping growth in demand for antiques and artworks is being witnessed in China.
Via Bloomberg

Ming Dynasty Jar

Written By
More from Zolamarquis

Futuristic SubMarine Prototype by Taizo Doi

Designer Taizo Doi has produced a creation that proves there cannot be...
Read More

Leave a Reply

Your email address will not be published. Required fields are marked *