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June 11, 2010

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Clock changes hands for fortune

AN ornate Qing Dynasty Chinese table clock has sold for US$3.78 million at auction at the country estate of American socialite and vintner Patricia Kluge.

Bidders worldwide also paid top prices for paintings, furniture and other pieces in the collection.

The clock, one of the showcase pieces of Sotheby's event at Albemarle House in Charlottesville, Virginia, sold for a price more than triple the US$1 million estimated top value after a heated telephone-bidding session.

A Chinese collector jumped in with an offer of US$1.2 million for the nearly 200-year-old gilt-brass and enamel clock, then cast the winning bid minutes later.

Sotheby's expected about US$9 million in sales to onsite and remote bidders during the two-day auction. That was surpassed on Tuesday and rose to US$15.2 million by the close on Wednesday.

A pair of landscapes by Hubert Robert was purchased for US$434,500, more than US$130,000 higher than the top estimated price; a six-piece set of Holland & Holland wildfowl-engraved shotguns sold for US$350,000; and a George III mahogany chest by cabinet maker Thomas Chippendale sold for US$338,500.

A George III mahogany bed that came from Hedingham Castle in Essex, England, sold on Wednesday to an undisclosed phone bidder for US$86,500.

Other items included a circa-1780 Louis XVI Giltwood Sunburst Clock that went for US$27,500; a 1954 set of "The Lord of the Rings" books by J.R.R. Tolkien, which brought US$17,500; and a US$3,400 mounted bison head.

Sotheby's previewed the 900-item collection for a week before the sale, and more than 2,000 visitors who paid US$65 for the 620-page auction book attended the public exhibition to examine the collection at the 2,136-square-meter English-style country manor.

The preview and auction also was a showcase for the 45-room brick Georgian, which is on the market.





 

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