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Spotlight on Qing Dynasty at Sotheby's fall sale

3:58am IST - 01:45

Sotheby's showcases Chinese works of art ahead of autumn auction and expects a good turnout despite China's economic slump. Sharon Reich reports.

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Sotheby's showcases Chinese works of art, ahead of its autumn auction. Highlighting the sale are a 200 year old imperial portrait of a consort ... and a rare peach bowl. Both items are from the Qing Dynasty, explains Sotheby's Julian King. SOUNDBITE: Julian King, Sotheby's Director of China and Southeast Asia and international specialist of Chinese works of art, saying (English): "This magnificent peach bowl is unique of all the peachwares made for Yongzheng emperor. It is enamored with five peaches, five, 'wu' (five in Mandarin) and five bats being emblematic of five blessings. The peach is symbolic of immortality, and the combination of peaches and bats makes particularly auspicious ware, possibly made for the birthday of Yongzheng emperor." Another piece that will go under the hammer is an imperial Chinese portrait painted by Italian painter Giuseppe Castiglione. The work features Qianlong Emperor's consort, Chunhui and calligraphy by the ruler himself. The sale includes more than 270 lots and has an estimated total value of $103 million U.S. dollars. King expects the volatility of the Chinese market to play well for sales, and that the auction may draw new buyers. SOUNDBITE: Julian King, Sotheby's Director of China and Southeast Asia and international specialist of Chinese works of art, saying (English): "We often see in times of economic difficulty, that actually collectors move into much more tangible and real asset values. And these high quality Imperial works of art have always retained their value in every economic cycle. After the Lehman Brothers in October 2008, Sotheby's Hong Kong held one of its strongest and most successful sales, and we expect the same this October." The fall sale is set to take place on October 7th, comes after weeks of market turmoil in China.

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Spotlight on Qing Dynasty at Sotheby's fall sale

3:58am IST - 01:45