The Osenat auction house in Fontainebleau in 2010, where a Chinese porcelain went for thousands of times its high estimate. A Chinese vase that was originally expected to fetch a price of €2,000 ($2,000) far outpaced its initial estimate at an auction in France this week, selling for €9 million ($8,980,000). The sale of decorative arts took place at French Osenat auction house based in Fontainebleau. Specialists at the auction house initially estimated the vase at €1,500 to €2,000 ($1,500-$2,000) due to its unknown date. During the live auction, a bidding war rose the hammer price to €7.7 million ($7 million) nearly 4,000 times its original estimate.

Source: Ethiopian News October 04, 2022 18:32 UTC