An ordinary vase sold for more than 8 million euros .. How was the buyer deceived?

4 October, 2022
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An ordinary vase sold for more than 8 million euros .. How was the buyer deceived?

An "ordinary" vase worth no more than two thousand euros was sold at auction, for about 8 million euros, after fierce competition between buyers convinced that it is a rare Chinese antique dating back to the eighteenth century.

According to the British newspaper, The Guardian, the vase was put up for auction in France, and about 30 Chinese people competed to buy it, until one of them bought it at a price close to 4,000 times its value.

With the addition of seller's fees, the final purchase price was approximately €9.1 million.

A woman offered the porcelain vase in the auction after she inherited it from her mother, who in turn inherited it from her mother as well, as it was transferred to Paris and the deal took place there. 

Jean-Pierre Ossenat, a worker at the auction house, said the sale was a "crazy story", as the vase was from the 20th century, not the 18th century, as the auctioneers believed.

The auction house described the vase, made of blue and white faience and decorated with enamel with motifs in the form of dragons and clouds, as "very ordinary".

"From the moment her photos were posted, we saw that there was a huge interest from the Chinese who came to see the vase," she said, "but our expert still thinks it's not old. The Chinese are passionate about their history and are proud to own it."


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