Exceptionally Rare Late-Ming Dynasty Chair Sells for $16M
A rare Late Ming dynasty folding horseshoe-back armchair was sold by Sotheby’s Hong Kong for $16m
It went for 10 times its initial estimate, making it the third highest sale for a chair at auction ever
The chair dates back to the Late-Ming Dynasty (1368-1644)
It most recently belonged to Sir Joseph Hotung, a late-Hong Kong businessman
It's the second most costliest Chinese classical furniture sold at auction and third highest sale for a chair at auction ever!
This Chinese Vase
Sold For Record $9m!