May 20, 2013 | 05:29 PM (BD Time)
20 May, 2013 Monday
Why Chinese collectors are heading to London to buy up Chinese art
CNN, London :
It is a year since an 18th-century Chinese vase was sold in London for $68 million, smashing world records. Now dealers and auction houses in London are feverishly anticipating a slew of sales as part of Asian Art in London, a week-long event that has been attracting newly-wealthy Chinese buyers and collectors to the capital for over a decade.
Max Rutherston, Chairman of Asian Art in London, says the week of Asian art sales and exhibitions in London has been running for 13 years, and has seen a "Chinese art boom," with collectors from mainland China and Hong Kong flocking to London to check out the array of antique wares laid out in the salesrooms and galleries.
Antique vases hailing from the much-sought-after 18th-century Qianlong period are going under the hammer at major auction houses Sotheby's, Christie's and Bonhams and on display at the commercial galleries, alongside decorative objets d'art and furnishings.
Bonhams is selling a rare vase estimated to fetch between $8 million (£5 million) and $13 million (£8 million).
The 50cm tall vase features delicate chrysanthemum blossoms in white and pink tones and bears the Qianlong seal.
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