In what would have made for the most difficult Price is Right showcase of all time, a Qianlong-era vase was sold at auction for $24.7 million last week in Boston—about 165 times its estimated low value, according to Reuters.
The three-foot-tall, Qing dynasty vase was originally valued at $150,000 to $250,000. The winner was an anonymous Chinese collector.
Judith Dowling, director of Asian works of art at Skinner, where the auction was held, tried to explain how they could have been so incredibly wrong. “Nothing like this had ever sold,” she said. The bidding started at $150,000, but soon took off when one bidder just decided to say “Screw it!” and yelled out “Five million.” From there, we assume, the gnarliest bidding war ever ensued.
Dowling said that the vase was last sold in auction for $750, in 1964—a time when China wasn’t all that concerned with collecting.
According to Reuters, the Chinese-art auction is on the upswing with more Chinese investors who are interested in their heritage and want to look particularly ballin’ on Cribs.
To put this all in perspective, this Shenzhen woman would have to grow out her hair for 228,000 years to afford it.
by Alex Linder
[Image via Reuters]