Close X
Thursday, November 28, 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

    Arvind Kejriwal seeks 'explanation' from PMO over CBI raid

    Arvind Kejriwal seeks 'explanation' from PMO over CBI raid
    Hours after a Delhi court ordered the CBI to return the documents it seized from Delhi Secretariat in December, Chief Minister Arvind Kejriwal on Wednesday sought an "explanation" from the Prime Minister's Office over the CBI's raid.

    Arvind Kejriwal seeks 'explanation' from PMO over CBI raid

    Sarah Palin: 'No More Pussyfootin' Around,' Endorses Donald Trump

    Sarah Palin: 'No More Pussyfootin' Around,' Endorses Donald Trump
    WASHINGTON — One of the most polarizing figures in American politics has helped obliterate any lingering chance that Donald Trump might recede to the background before the presidential nomination voting starts in two weeks.

    Sarah Palin: 'No More Pussyfootin' Around,' Endorses Donald Trump

    Think Twice Before Joining ISIS. Salaries Slashed By Half

    Think Twice Before Joining ISIS. Salaries Slashed By Half
    The group's Bayt al-Mal, the Treasury Ministry, has decided to cut the salaries of its fighters in half due to the "exceptional circumstances" ISIS has been witnessing

    Think Twice Before Joining ISIS. Salaries Slashed By Half

    Muslim Women Must Pass English Test To Stay In England: David Cameron

    Cameron said there were 190,000 British Muslim women who spoke little or no English and Britain needed to take on the “backward attitudes” of some men whom he said exerted damaging control over their wives

    Muslim Women Must Pass English Test To Stay In England: David Cameron

    US Pilot Finds Appearance Of Sikh, Three Muslims Uneasy, Kicks Them Off Flight

    US Pilot Finds Appearance Of Sikh, Three Muslims Uneasy, Kicks Them Off Flight
    When they asked the flight crew why they were being removed, the flight attendant told them to exit "peacefully" and "demanded" they return to the gate and await further directions

    US Pilot Finds Appearance Of Sikh, Three Muslims Uneasy, Kicks Them Off Flight

    Pakistan Urges UNSC To Implement Its Resolutions On Kashmir

    Pakistan Urges UNSC To Implement Its Resolutions On Kashmir
    Pakistan has expressed confidence that the UN Security Council will deliver on its pledge to hold a plebiscite in Kashmir.

    Pakistan Urges UNSC To Implement Its Resolutions On Kashmir