Ming-era 'Chicken Cup' Sets Record With $36 Million, Breaking Auction Record For Chinese Porcelain

A rare Ming-era wine cup broke the world auction record for any Chinese porcelain on Tuesday, selling in Hong Kong for US$36.05 million to Shanghai tycoon Liu Yiqian, Sotheby's auction house said. The tiny white porcelain cup, decorated with a colour painting of a rooster and a hen tending to their chicks, was made during the reign of the Chenghua Emperor between 1465 and 1487. The price sets a new record for Chinese porcelain, according to Sotheby's, beating the previous record held by a gourd-shaped vase from the Qianlong period, which sold for HK$252.66 million (US$32.58 million) in 2010. The price far exceeded the previous world record for Ming Dynasty porcelain -- which was held by a blue and white vase that sold for HK$168.66 million in 2011. Less than 20 such cups are known to exist, with just four in private collections, Chow said, adding that this will become the only genuine chicken cup in China upon its return. Hong Kong has emerged as one of the biggest auction hubs alongside New York and London, fuelled by China's economic boom and demand from Asian collectors, especially wealthy Chinese buyers.

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