amersham, Local Online News Community, Forums, Chats, For Sale, Classified, Offers, Film Reviews, Events, Motors Sale, Property For Sale Rent, Jobs, Hotels, Taxi, Restaurants, Pubs, Clubs, Pictures, Sports, Charities, Lost Found
Peter Bainbridge was astonished when he brought the hammer down at 43 million pounds and so was I and every one else on the planet.
In fact he brought the hammer down twice and broke it.
with commission, that is the profit the auction house makes, the total purchase price came to over £50,000,000.
I have taken this off Peter's site
Date Posted: November 1st,
2010 In writing to preview our next auction on the 11th November, I can’t easily explain the excitement that is building up here in Ruislip. In the normal course of our business and from a local house clearance we have received generous instructions to offer what must be one of the most important Chinese vases to be offered for sale this century.
The vase, once, in the 18th century, would have resided no doubt in the Chinese Royal Palace and was most certainly fired in the Imperial kilns. It is a piece of exquisite beauty and a supreme example of the skill of the ceramicist and decorator. How it reached Ruislip is something we shall never know, and that it is in such fine condition is amazing. David, our manager, admired it in the property and brought it to the attention of Luan, our consultant valuer. Only the briefest period of hesitancy existed before he rang me with the first of his ‘bulletins from the front’ which became more frequent as the hours of research at the V & A and the British Museum ticked away. The vase is of yang cai decoration and reticulated double walled construction. That is to say, there is an inner vase that can be viewed through the perforations of the main body. It is of the Qianlong period, circa 1740s. It is 16″ high and the ovoid body is decorated with 4 circular cartouches each masterfully carved and enamelled with humorous fish, all beneath a primrose yellow trumpet neck exquisitely painted. It is a masterpiece. If only it could talk!! The estimate increases daily and will soon reach 7 figures! .
Qianlong period (Ch'ien-lung) 1736-1795
It wouls seem it had been made for the Emperor Gaozong ( Kao-tsung )
18th century not very old when you realise that the Chinese have been making porcelain (china) for over 1000 years and making ceramic items for thousand's of years. I recently sold a vase that was 4,000 years old.
Now we know that the MING vase is not the most valuable.
and I bet this is not the end of the story.
Yang cai ( yang-ts'ai) decoration is what the Chinese call forign colours discovered by Andr'e Cassius Leyden (father or son)
in late 1600's. pale pink, called purple, pale green and yellow, blue and mauve.
ANTIQUES IS A WORLD OF OPINIONS.
in my mind I feel that the vase has too much yellow on and no pink, it does have pale green and pale blue. I personally would doubt the age. I know I am sticking my neck out. I think that it would be unwise of Peter Bainbridge to start spending his commission Wait until the cheque arrives
3 young lads traveling England, buying back the Chinese Heirlooms.
Now we know they have no limit to their budget.
I may have slipped up. with what I sold to them
photograph to follow
Last edited by theantiquesman; 15/11/2010 at 12:50 AM.
Why the difference between £43,000,000. and £53,000,000
approx 22%-25%.
This is what the auctioneer charges the person who buys the item.
Then the Auctioneer charges the seller, that is the person who owned the vase and consigned the vase to the auction house.
This is the sums
£43,000,000 hammer price
£10,000,000 + 22%- 25% commission
£53,000,000 this is what the buyer has to pay
£26,000,000 - is what the seller receives
Balance of £27,000,000
Auction house keeps £10,000,000 from the purchaser
That leaves 17,000,000
Auction house keeps normally a % of the hammer price this can vary between 2.25% and 50% depending on the price .
The higher the hammer price the less the commission
If the auction kept 25% of the hammer price which would be very high, that would be another £10,000,000
Now that leaves £7,000,000
vat is charged on the commission at 17.5
but if the item is exported to China then no vat.
UK, Local Online News Community, Forums, Chats, For Sale, Classified, Offers, Vouchers, Events, Motors Sale, Property For Sale Rent, Jobs, Hotels, Taxi, Restaurants, Pubs, Clubs, Pictures, Sports, Charities, Lost Found