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Chinese vase sells for €740,000 in Laois

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  • 18-06-2017 8:01am
    #1
    Blade
    Moderators, Business & Finance Moderators, Music Moderators, Recreation & Hobbies Moderators Posts: 4,499 Mod ✭✭✭✭


    A Chinese vase with a guide price of €800-€1,200 has sold at auction in Co Laois for €740,000. :eek:

    https://www.rte.ie/news/ireland/2017/0617/883494-vase-auction/


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    #2
    tea and coffee
    Registered Users Posts: 1,823 ✭✭✭tea and coffee


    Why was it so enourmously undervalued? Was that deliberate?


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    #3
    Del.Monte
    Registered Users Posts: 12,363 ✭✭✭✭Del.Monte


    It has happened previously on several occasions at the same auction house and there's no big mystery to it. There are literally thousands of similar items offered every year and most fetch their estimated price, but with the advent of internet catalogues and bidding the audience for such items is now vast. In the past a vase like this would probably have fetched its estimated price and disappeared back into the collection of a modest private collector.

    Sheppard's now have a reputation for this sort of oriental material and you can be sure there are experts the world over scrutinizing their catalogues.

    ****



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    #4
    coylemj
    Registered Users Posts: 25,353 ✭✭✭✭coylemj


    Del.Monte wrote: »
    Sheppard's now have a reputation for this sort of oriental material ......

    So isn't it about time they employed some people with better knowledge of 'this sort of oriental material' :confused:

    As an auction house, it doesn't exactly enhance your reputation when you place such a low estimate on an item relative to the hammer price - it makes you out to be an amateur operating in a field with little knowledge of what you're dealing with.


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    #5
    Del.Monte
    Registered Users Posts: 12,363 ✭✭✭✭Del.Monte


    coylemj wrote: »
    So isn't it about time they employed some people with better knowledge of 'this sort of oriental material' :confused:

    As an auction house, it doesn't exactly enhance your reputation when you place such a low estimate on an item relative to the hammer price - it makes you out to be an amateur operating in a field with little knowledge of what you're dealing with.

    You may have a point and I don't know what the level of expertise on oriental ceramics is at Sheppard's, but I imagine that they have a good handle on things. By their very nature Chinese items seem to be very hard to predict the value of and it seems to be that the expertise is jealously guarded by astute foreign buyers. Whatever the situation, the exposure will not have hurt Sheppard's in the least and it will be seen as a saleroom to buy and sell oriental pieces.

    ****



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