Have you heard the news? A Blue-and-White Dragon vase just sold for $7.5 Million—more than 4,000 times its $1,900 estimate according to artnet. “It exceeds the price of Napoleon’s saber!” said the flabbergasted French auctioneer who sold it.
According to the article by Caroline Goldstein, “The tianqiuping-style vase, featuring intricate blue designs of dragons and whorls on a white ground, was consigned by a woman who had never even seen the 21-inch-tall object. She had simply arranged for it to be sold from her late mother’s estate at the France-based Osenat auction house in Fontainebleau, France, about 40 miles from Paris.”
We asked Paul J. Fisher, Director of Appraisals and Business Development for Art Peritus, for an opinion on the matter. He recalled a similar story with the Qianlong vase that fetched £53.1M at auction in 2010, but as many will remember this vase was subsequently never paid for.
In regards to the Dragon vase bidding war, Paul says this occurs more frequently than might be expected. He commented:
“This remarkable sale shows the ongoing demand for important works, and it repeats the age old pattern of sellers not always knowing what they have. Advising private clients on the value of their property, however esoteric, is Art Peritus’ specialty.”
Curious to know what you have? Contact us for a consult at firstname.lastname@example.org.
For more details on the saga of the Qianlong vase click here: https://en.thevalue.com/articles/exclusive-leak-sothebys-hong-kong-2018-qianlong-yellow-ground-reticulated-yangcai-vase-2010-bainbridge
Read about the Dragon Vase here: https://news.artnet.com/market/chinese-dragon-vase-unexpected-sale-8-million-2185468