Chinese bowl, bought at tag sale for $3.80, sells for $2.75m
NEW YORK (AP) - A rare Chinese bowl bought at a tag sale for US$3 (S$3.80) has sold at a New York City auction for more than US$2.22 million.
The 1,000-year-old bowl was part of the opening session of Sotheby's fine Chinese ceramics and works of art auction on Tuesday.
Sotheby's said it was sold to a London dealer for US$2.225 million, far above the presale estimate of US$200,000 to US$300,000.
The person who put the bowl up for auction bought it at a tag sale in 2007 and had it displayed in the living room for several years before becoming curious about its origins and having it examined.