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A Seemingly Ordinary Chinese Vase Sold at Auction for $7.6 Million, Nearly 4,000 Times Its Estimate

Summary by Ground News
A Chinese vase that had an estimate of $2,000 went for an eye-popping $9 million at an auction in France. The Osenat auction house apparently low-balled the ‘Tianqiuping’ style because it wasn’t sure how old it was—but potential buyers had other ideas. ARTnews reports that a fierce bidding war erupted, ending with an anonymous Chinese buyer winning with a price that was more than 4,000 times the estimate.

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The Guardian broke the news in London, United Kingdom on Monday, October 3, 2022.
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