Meiyintang 'Chicken Cup' from Ming Dynasty era sells at auction for $36 million

The piece of Chinese porcelain sold at a Sotheby’s sale in Hong Kong on Tuesday.
By Evan Bleier   |   April 8, 2014 at 2:40 PM   |   Comments

HONG KONG, April 8 (UPI) -- A rare piece of Chinese porcelain from the Ming Dynasty which is more than 500 years old sold for $36 million at a Sotheby's auction in Hong Kong on Tuesday to Shanghai-based collector Liu Yiqian.

The price of the Meiyintang "Chicken Cup," which is decorated with a rooster, hen and chicks, set a new world record for the most expensive piece of Chinese porcelain to ever be sold at auction.

“Why do you all care so much about the price?” Liu told the Wall Street Journal. “I bought it only because I like it.”

The previous record for Chinese porcelain was set when a Qianlong vase sold for $32.4 million in 2010.

The record-breaking cup measures only 3.1 inches in diameter.

“This is the holy grail of ceramics,” James Hennessy, a Hong Kong-based dealer, told Bloomberg News. “People, emperors and collectors have always aspired to own one of these, and the opportunity doesn’t come along often.”

[Wall Street Journal]
[Bloomberg News]

Follow @itishowitis and @UPI on Twitter.
Contact the Author
© 2014 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Most Popular
All female town in Brazil wants more single men
Mother's Facebook post gets her 4-year-old son kicked out of school
Redhead uses fake 'Ginger Discount Card' to save real money
Watch Russian couple save prairie dog too fat for its hole
Human skull discovered in donation bin at Austin Goodwill
Trending News