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http://www.irishtimes.com/newspaper/frontpage/2010/0303/1224265504158.html
A CHINESE vase with an asking price of just €150 sold at a Co Laois auction yesterday for €110,000.
The 12-inch-high blue-and-white porcelain vase attracted an opening bid of €50 before a bidding war erupted between two international antique collectors.
Both had recognised it online as an authentic Imperial vase, and flew in for the one-day sale of furniture and collectibles at Sheppards Irish Auction House in Durrow.
Afterwards, the purchaser, London antique dealer Richard Peters (48), said:
A CHINESE vase with an asking price of just €150 sold at a Co Laois auction yesterday for €110,000.
The 12-inch-high blue-and-white porcelain vase attracted an opening bid of €50 before a bidding war erupted between two international antique collectors.
Both had recognised it online as an authentic Imperial vase, and flew in for the one-day sale of furniture and collectibles at Sheppards Irish Auction House in Durrow.
Afterwards, the purchaser, London antique dealer Richard Peters (48), said:
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Must have been like that episode of Only fools and Horses :^0
David Stapleton, from the nearby town of Ballyragget, said
Just how incompetent are the valuers at Shepards Auction House. They were lucky their were two bidders, if not it would have gone for a couple of hundred quid.
Only in Ireland would the auctioneer claim it as a victory. Can you imagine the reaction from the Carlow family if it had gone for the guideline price only to appear in Christies a month later with a guide price of £100,000.
[i]Mr Sheppard said
Only in Ireland would the auctioneer claim it as a victory. Can you imagine the reaction from the Carlow family if it had gone for the guideline price only to appear in Christies a month later with a guide price of £100,000.
[i]Mr Sheppard said
Obviously the auctioneer,while not knowing the items real value,advertised it properly on the internet and caught the eye of the right people. Well done to him.
Apparantly the piece is actually worth close to €3m
http://www.independent.ie/national-news/valued-at-just-euro150-bought-for-euro110000-but-it-could-be-worth-euro33m-2088013.html
http://www.independent.ie/national-news/valued-at-just-euro150-bought-for-euro110000-but-it-could-be-worth-euro33m-2088013.html
I agree Redroar, and they can spout on all they like about putting the guide price 'low' to attract interest. And the family who sold it being 'chuffed and delighted' are only exposing themselves for the fools they are considering the English bloke will be selling it for 3 million.
TheScalper 03 Mar 11:26
David Stapleton, from the nearby town of Ballyragget, said
David Stapleton, from the nearby town of Ballyragget, said
That only fools and horses clip has to be up there with the best
Harry Headbanger 05 Mar 23:25
Obviously the auctioneer,while not knowing the items real value,advertised it properly on the internet and caught the eye of the right people. Well done to him.
Sorry what exactly is their job then? Because I can stick it on ebay or in the buy and sell myself without knowing the real value of the item. Well done my arse.
Read the article linked:
http://www.independent.ie/national-news/valued-at-just-euro150-bought-for-euro110000-but-it-could-be-worth-euro33m-2088013.html
The English collector basically called Sheppards incompetent twice. If I was the family who brought a vase to be valued, had it valued at €150, sold for a €110,000 and then resold for €3m I'd be getting the shotgun out.
Obviously the auctioneer,while not knowing the items real value,advertised it properly on the internet and caught the eye of the right people. Well done to him.
Sorry what exactly is their job then? Because I can stick it on ebay or in the buy and sell myself without knowing the real value of the item. Well done my arse.
Read the article linked:
http://www.independent.ie/national-news/valued-at-just-euro150-bought-for-euro110000-but-it-could-be-worth-euro33m-2088013.html
The English collector basically called Sheppards incompetent twice. If I was the family who brought a vase to be valued, had it valued at €150, sold for a €110,000 and then resold for €3m I'd be getting the shotgun out.
spot on redroar
jokers didnt know their game or market and have sold the family absurdly short
jokers didnt know their game or market and have sold the family absurdly short
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