The 7 sales of Chinese Ceramics and Works of Art on 8 October achieved a combined total of HK$698.8 million /US$89.6 million. The remarkable Heirlooms of Chinese Art from the Hosokawa Clan offered with very attractive estimates has achieved remarkable success, nearly tripling its high estimate to bring HK$159,279,997 / US$20,543,934. The Later Chinese Bronzes from the Collection of Ulrich Hausmann were a testament to connoisseurship of fine objects at all levels of the market and offered an extraordinary opportunity for new participants that Sotheby’s has introduced to the field of Chinese Works of Art. The 147 lots brought HK$34,341,250 / US$4,402,724 at prices ranging from HK$5,000 / US$641 to HK$3,040,000 / US$389,743. In addition, Sotheby’s set a World Auction Record For Qing Monochrome Porcelain when the magnificently carved celadon jar decorated with dragons formerly in the Fonthill collection fetched HK$94.2 Million / US12 Million. A further highlight was the HK$57.24 million / US$7.34 million price set for a Qing-Dynasty Yellow-Ground ‘Yangcai’ Vase.
Ming Emperors typically commissioned their own porcelains and relegated wares from previous reigns to storage. However, as carved lacquer was far more precious and laborious to recreate, this teabowl stand passed from ruler to ruler: produced for the Hongwu Emperor (r. 1368–98), it was appropriated by the Yongle Emperor (r. 1403–24), whose reign mark was thinly engraved, before the Xuande Emperor (r. 1426–35) had his magnificent gilded mark carved on top.