STUTTGART, GERMANY — On May 10, a new record-breaking price for Asian art in Germany was reached at Nagel Auctions. A collector from outside Europe won a rare imperial Chinese doucai wine pot from the Eighteenth Century for $4.8 million.
Standing a mere 5¼ inches tall, the porcelain pot had initially offered with a high estimate of $1 million.
A further robust result was reached at the sale by a gilt-bronze figure of Buddha-Shakyamuni from the Kangxi period (1662–1722), whose price climbed to $1.2 million from a high estimate of $260,000.
Prices reported have been converted from euros to US dollars and include the buyer’s premium.