Record-Setting Chinese Vase Is Resold for Half the Original Price

An 18th-Century Chinese vase was auctioned more than two years ago to a Chinese buyer for $89 million (see Kovels Komments, Nov. 17, 2010). The buyer refused to pay the amount he bid and started a two-year legal tangle. Negotiations solved the problem. Another Chinese buyer recently bought the vase in a private sale for more than $31 million. Both the seller and the auction house have now been paid.

chinese vase

 

 

Photo source: Bainbridge’s Auctions


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