Chinese Vase Sells for $291,600 Online, Breaks iGavel.com Record

. March 11, 2008

Early 20th Century Chinese White Jade Vase & Cover with Qianlong Mark

NEW YORK, NY – March 11, 2008 – Elder’s Antiques’ “Mid-Winter Auction,” hosted on iGavel.com ended with a bang last Monday as back-and-forth bidding grew the $7,000 starting price all the way up to $291,600. Breaking iGavel.com’s record for highest sold lot, 40 unique bidders vied for the extremely rare Chinese white water jade vase.

white-jade.jpgWhite water jade is known for its remarkable luminosity within the jade family. Appraisers also cite the vase’s inside chain, attached to the mouth and cover, as one reason for the unexpected high selling price. According to the original receipt, it is the only vase of this type with an inside chain.

The previous highest sold lots on iGavel.com are 20th century paintings that both sold for $264,000 each. One is a modern Chinese-French painting by Zou Wu-Ki and the other is a watercolor entitled “Epsom Downs” by Raoul Dufy.

Elder’s Antiques sold 82% of the total lots in the auction and netted $425,000. Don Elder, owner of Elder’s Antiques is an Associate Seller on iGavel.com. He produces several auctions each year and draws a substantial audience of global buyers due in part to his relationships and also to iGavel’s online reach.

iGavel has sold a number of significant Asian fine art, antiques, and furniture since its inception in 2003. Their upcoming Asian and Ethnographic Sale is from April 9th to April 30th and will feature a live exhibition from March 14th through 21st at iGavel’s gallery: 229 East 120th St. New York, NY 10035. The exhibition is by appointment only. Please call 212.289.5588 or email info@iGavel.com.

Elder’s Antiques offers Asian, American and European Antiques – which include Fine Art, Furniture and Objects D’Art. Elder’s Antiques is a member of iGavel Online Auctions Group and holds four large unique estate actions per year. Elder’s Antiques is located at 901 Tamiami Trail (US 41) South, Nokomis, Florida 34275. You can contact Don Elder at 941-488-1005 or info@eldersantiques.com

iGavel.com is a leader in online art auctions, offering collectors and dealers high quality fine art, antiques and collectables guaranteed for authenticity and condition. iGavel auctions are modeled on the traditional live auction format, where each lot includes detailed photographic images, a professional description, and an accurate condition report.

Lark E. Mason – President of iGavel – is a frequent guest appraiser on the Antiques Roadshow, was formerly a Senior Vice President with Sotheby’s Chinese Works of Art Department, and Director of Online Auctions for Sothebys.com.

Category: Auction News

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