Qing Vase Smashes World Record in Glowing China Art Aales

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HONG KONG (REUTERS).- A Chinese Qing dynasty vase sold for HK$253 million (20.2 million pounds) in a Sotheby’s sale in Hong Kong on Thursday, a world record at auction for any Chinese porcelain. “This is definitely a milestone,” Nicolas Chow, the Deputy Chairman of Sotheby’s Asia told Reuters. “Chinese works of art took their place on the world auction stage today.” While segments of the Chinese art market cooled substantially during the financial crisis, especially once white-hot Chinese contemporary art, older paintings and imperial antiques continued to generate solid demand and prices, though fewer quality works surfaced as sellers stayed away on still fragile sentiment. In Sotheby’s current autumn sales, however, a selection of rare works from four major private collections and a flood of free-spending Chinese millionaires, contributed to what many called one of the best sales of Chinese ceramics in recent years. In a pa