Hong Kong • A Shanghai collector bought a rare Ming Dynasty cup that's touted as the "holy grail" of China's art world for $36 million at a Hong Kong auction on Tuesday, smashing the previous world record price for Chinese porcelain.
Sotheby's said Liu Yiqian was the winning bidder for the small white cup, which measures just 8 centimeters (3.1 Inches) in diameter and is more than 500 years old. The vessel is known as a "chicken cup" because it's decorated with a rooster and hen tending to their chicks.
It was made during the reign of the Ming Dynasty's Chenghua Emperor, who ruled from 1465 to 1487. Sotheby's said there are only 17 such cups in existence, with four in private hands and the rest in museums.