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HONG KONG-CHINESE CUP AUCTION
Ming-era "chicken cup" auctioned for $36M, smashing world record price for Chinese porcelain
Reported by: Associated Press
Reported: Tuesday, April 8, 2014 2:51 AM EDT
A rare Ming Dynasty cup that's more than 500 years old has fetched $36 million at a Hong Kong auction, smashing the previous world record price for Chinese porcelain.
The cup measures just 8 centimeters in diameter. It's known as a "chicken cup" because it's decorated with a rooster, hen and their chicks.
It was made during the reign of the Ming Dynasty's Chenghua Emperor, who ruled from 1465 to 1487.
Sotheby's said the previous record for Chinese porcelain was set in 2010 when a Qianlong vase sold for $32.4 million.
It's the latest of several records set at the auction house's spring sales in Hong Kong.