Updated: Tue, 09 Apr 2013 12:02:58 GMT | By Agence France-Presse

Chinese bowl fetches record price in Hong Kong

A rare red "lotus bowl" from the Chinese emperor Kangxi period of 1662-1722 has been sold for an eye-popping $9.5 million at a Hong Kong sale, auction house Sotheby's said.

Chinese bowl fetches record price in Hong Kong

This handout picture taken on January 21, 2013 and released by Sotheby's auction house on April 9, 2013 shows a rare red "lotus bowl" from the Chinese emperor Kangxi period of 1662-1722 that was sold for HK$74 million ($9.5 million).

The price set a new world record for any Chinese porcelain from the Kangxi period during the Qing dynasty after it was bought by a Hong Kong ceramics dealer for HK$74 million ($9.5 million) Monday, Sotheby's said in a statement.

The ruby-ground "falangcai" bowl decorated with pink, yellow and blue lotuses was originally expected to fetch HK$70 million at the sale, part of Sotheby's six-day spring sale in the southern Chinese city that concluded on Monday.

The auctioneer said the bowl broke a previous Qing Kangxi porcelain record in 2006, when a blue and white "Dragon" vase was sold for HK$22.52 million.

Hong Kong has emerged as one of the world's major auction hubs in art and wine thanks to cash-rich mainland Chinese buyers who have a growing appetite for luxury items amid the country's economic boom.

A flower-shaped Chinese porcelain bowl from the Northern Song dynasty (960-1127) fetched nearly $27 million at a Hong Kong auction last year.

A 28.86-carat round white diamond meanwhile was sold for HK$53.88 million, or HK$1.87 million ($239,352) for each carat, setting a new per-carat auction record price for its category, Sotheby's said in a separate statement.

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