HONG KONG (AP) — An uneven set of results from Sotheby’s autumn Hong Kong sales indicates that the surging Asian art market appears to be pausing for breath amid rocky global financial markets.
A Meiping vase sold on Wednesday for Hong Kong $168.7 million ($10.3 million), a world record for Ming dynasty porcelain.
But other results from the auction of a closely watched collection of imperial Chinese porcelain were mixed. Another highlight, a Qianlong vase decorated with peaches, sold near the low end of the presale estimate.
Sotheby’s wrapped up a week of auctions for wine, art, jewelry and other collectibles on Thursday.
The sales are seen as a barometer of the Asian art and collectibles market, which has come to be dominated by newly wealthy mainland Chinese.
NOW WATCH: Executive Life videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.