Close X
Monday, November 11, 2024
ADVT 
International

Rare Blue Diamond Sets New Record At Sotheby's Auction

Darpan News Desk IANS, 06 Apr, 2016 12:31 PM
    A rare blue diamond bucked the recent downturn in the auction market when it was sold for $30.8 million at Sotheby's, setting a new record.
     
    The "De Beers Millennium Jewel 4", a 10.10-carat oval-shaped fancy vivid blue diamond, fetched more money than any other jewel at an auction in Asia ever, Efe news agency cited the auction house as saying.
     
    The gem was sold to an anonymous bidder over phone, reported the South China Morning Post newspaper on Wednesday.
     
    Chinese artist Zhang Daqian's 'Peach Blossom Spring', an ink-and-colour hanging scroll, also set a record of its own when it was sold for a record $34.7 million, far surpassing its estimated sale price of $8.3 million.
     
    The artwork was sold to Shanghai's Long Museum after a frenzied bidding process which saw more than 100 bids in 50 minutes.
     
    The sales subverted expectations for the auction market, which has been affected by the slowdown in China's economy.
     
    Kevin Ching, chief executive of Sotheby's Asia, said the results prove "the general economy isn't a predictor of the art market".

    MORE International ARTICLES

    Salvage Crew Successfully Refloats Grounded Barge From Victoria Waterfront

    Salvage Crew Successfully Refloats Grounded Barge From Victoria Waterfront
    A huge barge that has wallowed on Victoria's waterfront for almost three weeks has finally been hauled off the beach.

    Salvage Crew Successfully Refloats Grounded Barge From Victoria Waterfront

    Mark Zuckerberg's Run In Beijing's Toxic Air Stirs Chinese Public

    Mark Zuckerberg's Run In Beijing's Toxic Air Stirs Chinese Public
    A photo of Facebook founder Mark Zuckerberg jogging Friday morning in downtown Beijing's notorious smog has prompted a torrent of amusing comments and some mockery on Chinese social media

    Mark Zuckerberg's Run In Beijing's Toxic Air Stirs Chinese Public

    Paris Attacks Suspect Salah Abdeslam Arrested In Brussels

    Paris Attacks Suspect Salah Abdeslam Arrested In Brussels
    The November 13, 2015 Paris attacks suspect Salah Abdeslam has been shot and arrested in a police raid in the Molenbeek area of Brussels, media reported on Friday.

    Paris Attacks Suspect Salah Abdeslam Arrested In Brussels

    Watch: Videos Of Syrian Children Talking About The War

    Watch: Videos Of Syrian Children Talking About The War
    Here are few videos that you must see highlighting the voices and stories of Syrian war through the eye of children.

    Watch: Videos Of Syrian Children Talking About The War

    Queen Elizabeth Fast-Tracked Indian Envoy Navtej Sarna's Credentials Presentation

    All ambassadors and high commissioners accredited to Britain are required to formally present their credentials to Queen Elizabeth.

    Queen Elizabeth Fast-Tracked Indian Envoy Navtej Sarna's Credentials Presentation

    Dinosaur Described As 'Savage Predator' Uncovered In Northwestern Alberta

    Dinosaur Described As 'Savage Predator' Uncovered In Northwestern Alberta
    A new species of dinosaur about the size of a dog and possessing a lethal claw has been discovered in northwestern Alberta by an Australian paleontologist.

    Dinosaur Described As 'Savage Predator' Uncovered In Northwestern Alberta