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I think most people don’t pay much attention to the irrational aspects of an auction. They tend to think all bidder decisions, particularly regarding large sums of money must involve some sliding scale of rational decision making as the price goes up. Auctions definitely have a gambling aspect to the process of selling goods to the highest bidder. The auction room and the casino have quite a bit in common. In both places, a group of human beings experience excitement, greed, competition, joy, and sometimes despair.
Peter pointed out that even if the piece was mark & period, the price was was not in line with the current marketplace for that type of vase. I do not believe for one minute that this group of bidders could be described as cold, rational beings making bidding decisions based on expert, secret knowledge regarding the vase. Their monkey brains were in full control.
It's true. It only takes a few people thinking something is genuine to fuel your own belief that it is. Then fear of missing out kicks in and before you know it, you are caught up in something.
On a so much lower scale, unless I am 100% sure, I hate winning those ones as regret and doubt is often my immediate reaction. So now I have a strategy and stick to it, but then as John mentioned, most of us don't have money to play games of chance like that!
I am looking forward to seeing Peter's video, hope the page has now refreshed for me.
I agree the price seems unusually high for a Qianlong blue and white vase. It must be the highest price paid for any Qianlong blue and white piece? I wonder if it has got to do with the decoration of dragons combined with the shape? I know that that $7,658,000 was paid for a Qianlong meiping by the way thought to be late Qing/republic at Bonhams. I think this is the highest price paid for any Qianlong blue and white piece?
http://elogedelart.canalblog.com/archives/2010/12/16/19886077.html
I looks like the vase Craig found is a third example of vase similar to the vase sold at the auction. And it looks like it have the same facetted foot-ring. Or am I wrong?
(Just posting an additional link showing the same vase but unfortunately doesn't say anything about it whereabout.)
Look what I found at Catawiki: A Yongzheng markerd modern copy of the vase. At least judging from the base ...
https://www.catawiki.com/en/l/22844657-large-tianqiuping-vase-china-late-20th-century
So lets put the speculation into some perspective. Let's say you are a billionaire asian arts collector. You might make a hundred million more dollars each year on what you already have. Throwing down 7 million might be about 7 percent of your annual income. Now let's take a more average guy like you or me who collects but makes maybe 50,000 a year. For him, 7 percent of his income is around 3500. If this was you, and you thought there was a chance you could acquire a great rediscovered long lost Imperial treasure for 3500, is it conceivable you might roll those dice? And especially if you had some more money sitting in a retirement account as backup? Oh, and I'm only basing this on them having one or two billion. If they have more than that then risk is even lower.
Have you watched the movie “ The 355”？ maybe the high price is inside the vase? - Just wondering....
No, I have never heard of it. I am going to have to look that up. 😊
"Fairy tales can come true, it could happen to you," but not likely. Maybe it is just me, but looking at it, what I wonder, if it is true that the proceeds will be handed over and go to this other country where the seller now lives, is whether or not that place has an extradition treaty with France? Also wonder how long we will have to wait for the conclusion to this interesting turn of events and more background facts to come forward. It is great fun.
I've found this link that suggests that the vase found by Craig is at Beijing Palace Museum? And it doesn't appear to be the same vase as th one posted by Stuart.
Cécile à Singapour: Voyage à Pékin : La Cité Interdite 故宫 (singapour-cec.blogspot.com)
This is the video where Peter comment on the sale. But unfortunately he doesn't appear to have knowledge about the similar known vases posted in this thread.
Weekly Asian Art News, Questionable Vase Brings 9 Million In France Is It A Fake? - YouTube
Also note when comparing the base of the vase in Beijing found by Craig with that of the vase sold in France, beside the similar shaped foot-rings, the calligraphic style of the two marks seems to match near perfectly. Could they be drawn by the same hand?
@avatar marks are the easiest thing to copy. Nothing can be concluded about the authenticity of this vase by assessing the mark.
From what I have learned the calligraphic style of a mark can sometimes be an important indicatior to find out if a piece is of the period or a later copy.
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