Next time you are at a garage sale, keep your eye out for ancient Chinese objects of art. You never know....
This from the New York Post: A New York family scored a huge payday when this small bowl, which
they bought at a garage sale for $3, turned out to be a 1,000-year old
Chinese piece that sold for $2.2 million at Sotheby’s. The
family bought the rare bowl at the secondhand sale in 2007, and kept it
sitting on their mantle for years, the auction house said.
becoming curious, the bargain hunters began consulting experts about the
bowl. They finally brought the piece to Sotheby’s, which estimated it
would sell for somewhere in the $200,000 to $300,000 range. But
yesterday, London art dealer Giuseppe Eskenazi blew away those figures
when he plunked down $2.2 million for the museum-quality piece.
The small Chinese pottery bowl that started as a $3 tag sale only to turn into a massive $2.2 million windfall at auction.He beat four other bidders for the Northern Song dynasty bowl — known
as a Ding bowl — which dates back to the 10th or 11th century.There is only one other bowl like it in the world, and it is in the British Museum.A little less than 5 1/2 inches in diameter, the multimillion-dollar bowl could be mistaken for a decorative ashtray.Early-era Ding wares are known for their small utilitarian qualities, Sotheby’s said.Author
Rose Kerr believes the ornamental Ding bowls were made to mimic the
more elaborate gold and silver wares that were common in palaces.
ancient piece is described as a Ding bowl because of the county Ding in
the Hebei province where the kilns used to make the bowls were housed. The
Ding bowl owned by the British Museum in London has been on display for
more than 60 years, since it was bequeathed by famous collector Henry
This isn’t the first big buy for Eskenazi. In 2005,
the Turkish-born dealer paid $23.5 million for a rare blue-and-white
jar from the 14th century at a Christie’s auction. Sotheby’s would not identify the lucky bowl sellers, only to say that they were a family from somewhere in New York state.
Earlier this month, a collection of abstract Impressionist art found in a Long Island garage was appraised at $30 million.
owners of the bungalow found thousands of paintings and drawings by the
Armenian-American artist Arthur Pinajian in 2007. They were later
appraised by art historian Peter Hastings Falk and shown at the
Antiquorum Gallery in Midtown.
At auction yesterday, April 14th, the first census of the United States signed by Thomas Jefferson sold or $122,000.
Also, yesterday, in response to my comments on Tepper Gallery closing its doors, I received an e-mail from reader advising me they had furnished their entire apartment with items they bought at auction from Tepper, and wanted my suggestions on where to go next time around. I suggested Doyle Galleries on East 87th st. in New York City. Great values if you are aware of what you are bidding on.
Prices of diamonds, and colored stones are down. Do not sell...Hold! As the economy gains, so will these commodities. It may be good opportunity for buying, but be careful. Do not fall into the trap of having your adrenalin get into the way of buying emotionally.