|Tycoon Liu Yiqian pays record US$36m for wine cup
A rare Ming Dynasty wine cup, known as the Meiyintang ‘chicken cup,’ estimated to be more than 500 years old, has fetched US$36 million at a Hong Kong auction, smashing the previous world record price for Chinese porcelain.
It belonged to the Meiyintang private collection.
Sotheby's said Shanghai tycoon Liu Yiqian was the winning bidder at today's auction in Hong Kong.
Nicolas Chow, deputy chairman of Sotheby's Asia, said the cup "has gone to an extraordinarily good home in Shanghai in the collection of Liu Yiqian.''
The cup measures just 8 centimeters in diameter. It is known as a “chicken cup'' because it is decorated with a red rooster, a golden hen and their chicks, according to Sotheby’s.
The cup was made during the reign of the Ming Dynasty's Chenghua Emperor, who ruled from 1465 to 1487.
Sotheby's said the previous record for Chinese porcelain was set in 2010 when a Qianlong vase sold for US$32.4 million.
It's the latest of several records set at the auction house's spring sales in Hong Kong. –AP/AFP/The Standard