Las Vegas gaming mogul pays record price for Chinese vase
Hong Kong (AP) – Las Vegas gaming mogul Steve Wynn Tuesday successfully made a USD 10.1 million bid for a Chinese vase from the Ming dynasty, the highest price ever paid for porcelain from that period.
The pear-shaped vase is decorated with a peony scroll, auction house Christie’s said in a statement.
The vase has been sold three times previously, with its most recent sale in Hong Kong in 1997 fetching USD 2.8 million.
The previous auction record for a Ming porcelain was set by a jar from the period, which fetched USD 5.7 million in 2000.
The Ming dynasty lasted from 1368 to 1644.
Wynn, chief executive of Wynn Resorts Ltd., is opening a casino resort in the southern Chinese territory of Macau, near Hong Kong, in September.