You’ve probably seen this moment at least once in a movie or online series, where a competitive bidding war drives up the price of a common item at a public auction. Similar circumstances recently occurred on Saturday at the Osenat auction house in Fontainebleau, near Paris, where a blue and white Tianqiuping vase was offered and sold for a total price of $9 million including fees.
The Tianqiuping-style Chinese porcelain vase sold for nearly 4,000 times its estimated value after buyers were convinced it was a rare artifact.
Jean-Pierre Osenat, president of the auction house, said: DailyExpertNews On Tuesday, the vase’s owner, who lives abroad, asked the auctioneer to sell the vase as part of a shipment of items taken from their late grandmother’s home in Brittany, northwestern France. “It’s going to change their lives completely,” Osenat said. “It’s hard for them to deal with.”
DailyExpertNews reported: “A total of 30 bidders, each of whom had to make a deposit to participate, came out of the 300-400 individuals who had first expressed an interest in bidding. 15 bidders total.”
On the website of the auction company Osenat it was described as a “vase of porcelain and polychrome enamelled in the style of the blue and white with spherical body and long cylindrical neck, decorated with nine ferocious dragons and clouds”.
The total cost of the deal after sales costs was 91,21,000 euros ($90,77,356).
According to the guard, the bidders, who were mainly Chinese, were sure that the vase was a priceless piece of 18th-century art. The name tianqiuping, meaning ‘heavenly sphere vase’, comes from the shape of the vase.
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