Chinese Clock Sells for 3.37 Million EUR

Chinese Clock Sells for 3.37 Million EUR
Chinese Clock Sells for 3.37 Million EUR

The online auction house Auctionata has set a new world record for an Asian work of art sold in an online auction.

In its 259th auction ‘Important Asian Art’, on June 20, which was broadcast online via livestream, a rare enamel, ivory-mounted and paste-set musical and automaton clock from the late 18th century was sold for 3.37 million euros (including buyer’s premium).

This makes it the highest auction result in Germany in 2015 and the most expensive object that Auctionata has sold since the start of its livestream auctions in May 2013.

The rare masterpiece of Chinese clock-making stems from the Guangzhou workshop and was offered for a starting price of 300,000 euros. Overall, the clock attracted more than 1,000 interested auction participants from 35 countries.

After a fierce 10 minute bidding battle between 6 bidders from Beijing, Shanghai, Hong Kong and New York, the museum-quality piece was ultimately sold for 3.37 million euros to the well-known business man and investor Liu Yiqian from Shanghai.

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Liu owns one of the most important art collections in China, which is displayed in the Long Museum in Shanghai that he founded with his wife. In the past, Liu has received great attention for several purchases of extremely important Chinese works of art, for example when he bought the so-called ‘chicken cup’, a small porcelain cup from the Ming dynasty, for 36 million US dollars at a British auction house in April 2014.

Liu Yiqian comments: “I am more than happy to be the winning bidder for this amazing piece of craftsmanship. Auctionata is providing the auctions of the 21st century, where bidding via livestream is just so convenient, even over an iPhone app.”

Auctionata brings the world of unique works of art, antiques and luxury collectibles to the internet via its frequent live stream auction broadcasts from locations in Berlin and New York.

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Rakesh Raman