An Ri Rua
Full Member
- Joined
- Apr 7, 2008
- Messages
- 176
- Reaction score
- 10
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- Location
- On da money
- Detector(s) used
- Mermet brass pendulum; Aqua Locator (antique), Luddite Skeptic detector
- #1
Thread Owner
12-inch porcelain vase:- guide price €150, sells for €110K but worth €3.3m!!
Well treasurehunters of auction rooms, feast your eyes on this !! This auction house is about 30 miles from me. I intended to go ver there that day. I wish I had now, just for the buzz of it all. Quiet, unassuming rural place. But a specialist antiques auction room all the same.
Guide price of €150, sold for €110k. May actually be worth €3.3m
http://www.irishtimes.com/newspaper/ireland/2010/0304/1224265559078.html
http://www.millersantiquesguide.com/blog/2010/03/chinese-vase-thats-the-real-thing/
"In another story of an amazing piece of undervaluing a Chinese vase thought to have been worth under a £100 has sold for close to £100,000 at an auction at Sheppards Irish Auction House in Durrow. County Laois, Ireland.
The 12-inch porcelain vase was mistaken for a replica Imperial vase by the auctioneers. The auction began with an opening bid of $70, before two dealers then started bidding in multipules of a thousand. It was all over in a few minutes and a London dealer, Richard Peters, made the winning bid. Mr. Peters said that the market is "filled with fakes and forgeries" but this vase was "made for the personal collection of the Emperor Qianlong in the 18th century" and had “probably been looted from the Imperial Palace in Peking by French or British or American soldiers sometime during the 19th century"."
http://www.independent.ie/national-...00-but-it-could-be-worth-euro33m-2088013.html
"Explaining the initial €150 price tag, experts said yesterday it was not unusual in specialised areas such as ceramics for auction houses to be deliberately conservative in valuations and descriptions.
One antique expert said: "It is often done to bring experts like Mr Peters from his shop in London all the way to auctions like this.
"The auctioneers are not daft. They knew they had something good.""
Well treasurehunters of auction rooms, feast your eyes on this !! This auction house is about 30 miles from me. I intended to go ver there that day. I wish I had now, just for the buzz of it all. Quiet, unassuming rural place. But a specialist antiques auction room all the same.
Guide price of €150, sold for €110k. May actually be worth €3.3m
http://www.irishtimes.com/newspaper/ireland/2010/0304/1224265559078.html
http://www.millersantiquesguide.com/blog/2010/03/chinese-vase-thats-the-real-thing/
"In another story of an amazing piece of undervaluing a Chinese vase thought to have been worth under a £100 has sold for close to £100,000 at an auction at Sheppards Irish Auction House in Durrow. County Laois, Ireland.
The 12-inch porcelain vase was mistaken for a replica Imperial vase by the auctioneers. The auction began with an opening bid of $70, before two dealers then started bidding in multipules of a thousand. It was all over in a few minutes and a London dealer, Richard Peters, made the winning bid. Mr. Peters said that the market is "filled with fakes and forgeries" but this vase was "made for the personal collection of the Emperor Qianlong in the 18th century" and had “probably been looted from the Imperial Palace in Peking by French or British or American soldiers sometime during the 19th century"."
http://www.independent.ie/national-...00-but-it-could-be-worth-euro33m-2088013.html
"Explaining the initial €150 price tag, experts said yesterday it was not unusual in specialised areas such as ceramics for auction houses to be deliberately conservative in valuations and descriptions.
One antique expert said: "It is often done to bring experts like Mr Peters from his shop in London all the way to auctions like this.
"The auctioneers are not daft. They knew they had something good.""
