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

    Indian-Origin PepsiCo CEO Indra Nooyi Becomes Yale's Biggest Alumni Donor

    Indian-Origin PepsiCo CEO Indra Nooyi Becomes Yale's Biggest Alumni Donor
    Chennai-born Nooyi, 60, who graduated from the school in 1980, has made the gift to also inaugurate the Fifth Decade Innovation Fund, the school announced.

    Indian-Origin PepsiCo CEO Indra Nooyi Becomes Yale's Biggest Alumni Donor

    Four Canadian Women From Quebec Charged In U.S. 'Grandparent Scam'

    Four Canadian Women From Quebec Charged In U.S. 'Grandparent Scam'
    According to police, the scammers out of Laval, Que., would contact a senior by phone or email and identify themselves as the person's grandchild.

    Four Canadian Women From Quebec Charged In U.S. 'Grandparent Scam'

    Missing Since Three Years, Mumbai Techie Hamid N. Ansari Is Alive In Pakistan

    Missing Since Three Years, Mumbai Techie Hamid N. Ansari Is Alive In Pakistan
    Hamid N. Ansari, a techie from Mumbai who went missing in Pakistan on November 10, 2012, is reported to be alive and in custody of the Pakistan Army, an activists' group said here on Thursday.

    Missing Since Three Years, Mumbai Techie Hamid N. Ansari Is Alive In Pakistan

    Canadian Among Those Killed In Jakarta Terror Attacks

    Canadian Among Those Killed In Jakarta Terror Attacks
    All five gunmen were killed and twenty people were wounded in the attacks, police said.

    Canadian Among Those Killed In Jakarta Terror Attacks

    The Unnamed Antagonist: How Donald Trump Loomed Over The State Of The Union

    The reality-TV-star-turned-presidential contender was not just the unspoken target of Barack Obama's state of the union address.

    The Unnamed Antagonist: How Donald Trump Loomed Over The State Of The Union

    Sister Of Jailed Blogger Raif Badawi Released After Detention In Saudi Arabia

    Sister Of Jailed Blogger Raif Badawi Released After Detention In Saudi Arabia
    Samar Badawi was freed sometime earlier today from a Saudi jail but a spokeswoman for Amnesty says it isn't clear under what conditions.

    Sister Of Jailed Blogger Raif Badawi Released After Detention In Saudi Arabia