Art News

Rare Porcelain Vases Purchased by Wynn Macau Limited for Record Amount at Auction

LAS VEGAS.- Wynn Macau Limited acquired an extraordinary group of important Jiaqing period (1796-1821) vases at CHRISTIE’S London sale on July 7, 2011. An invaluable part of Chinese culture, the set of four ormolu-mounted Chinese Porcelain Baluster vases were purchased at auction for more 7,993,250 pounds, including buyers premium (more than $12.7 million), far exceeding twice the current world auction record for ormolu-mounted porcelain. The pieces are distinctive in scale, quality and number with matched pairs being rare and matched quartets of this age and size never seen. The only known similar examples are in the collection of the British Royal Family. These exceptional examples will be displayed exclusively in the company’s Cotai resort scheduled to open in 2015. The