by William White | April 9, 2014 12:26 pm
A tiny Chinese porcelain bowl, called a “chicken cup”, sold at auction for $36 million on Monday.
The chicken cup, which features images of fowl on the side, was created during the Chengua era. This dates the cup back to the Ming Dynasty and makes it over 500 years old. The cup, which is only eight centimeters in diameter, is believed to have been used for wine, The Los Angeles Times notes.
The chicken cup was sold to Liu Yiqian, a Chinese billionaire and collector. Liu and his wife, Wang Wei, own the Long Museum in Shanghai. The couple shows off their private collection of art at the museum, reports the L.A. Times.
Only four chicken cups are known to still be owned by private collectors. The last chicken cup sold at auction fetched roughly $3.7 million in 1999. Monday’s auction broke the record for any Chinese porcelain sold at auction, the Chicago Tribune notes.
Source URL: http://investorplace.com/2014/04/chicken-cup-chinese-porcelain-bowl/
Short URL: http://invstplc.com/1n43Hz0
Copyright ©2015 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.