Chinese vase found in shoebox in attic sells for US$19.1 million

The staggering price paid by a Chinese collector is the highest ever recorded by Sotheby’s auction house in Paris

PUBLISHED : Tuesday, 12 June, 2018, 6:04pm
UPDATED : Tuesday, 12 June, 2018, 10:22pm

An 18th-century Chinese vase forgotten for decades in a shoebox in a French attic sold for 16.2 million (US$19.1 million) at Sotheby’s in Paris on Tuesday – more than 30 times the estimate.

Experts at the auction house said the exquisite porcelain vessel was made for the Qing dynasty Emperor Qianlong and had set a guide price of a much more modest 500,000 (US$590,000).

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“This is a major work of art, it is as if we had just discovered a Caravaggio,” Olivier Valmier, the Asian arts expert at the auction house, told reporters before the sale.

The vase, which was in perfect condition, “is the only known example in the world bearing such detail”, he said.

Rare porcelain from the Qianlong period has been going for astronomical prices recently, with a bowl sold last April by Sotheby’s in Hong Kong for US$30.4 million.

The vase – which is decorated with images of deer and cranes – was found by chance among dozens of other pieces of Chinoiserie in the attic of a house in France earlier this year.

The family had acquired it at the end of the 19th century but it has lain unloved in a shoebox in the attic for decades.

Chinese vase left in attic shoebox priced at US$590,000

“We didn’t like the vase too much and my grandparents didn’t like it either,” said the owner of the piece, who only got in touch with Sotheby’s in March.

It was still in the shoebox when it was presented to Sotheby’s experts for authentification.

The staggering price paid by a young Chinese collector, who was at the auction himself, is the highest ever recorded by the auction house in Paris.

“Such elaborate and challenging designs are exceedingly rare on Qing imperial porcelain,” Sotheby’s said on its website.