Old Vase Left Behind in House Worth $85 Million

A brother and sister in Pinner, UK, cleaned out the house belonging to their recently-deceased parents. They figured that an old vase that they found might be worth a few bucks, so they decided to have it appraised:

They took it to the local auctioneer Bainbridges, in nearby Ruislip, who were in turn excited by the find and valued it at between £800,000 and £1.2m.

However, no one expected the reaction from Chinese buyers, who pushed the bidding up over 30 frenzied minutes to a world record £43m.

By the end of the auction, the price was increasing in £1m chunks as the final few bidders - understood to be mainland Chinese businessmen - vied for the vase.


The final selling price was about $85 million.

Link | Photo: Bloomberg

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MWHogan,

An object or commodity is worth what people are willing to pay for it.

And yeah, the headline is backwards as pointed out by Wes and Zavatone.
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"In left behind" sounds so much more interesting.

Although it does imply grammatically that the house is worth $85 million, I think most people were able to figure out the $85 mil value is for the vase.

@MWHogan: Somebody paid $85 million, so that's what it was worth. If we go back to what the vase was ORIGINALLY worth, it's way less than the estimated value it was given before the auction.
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