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Sotheby's Chinese art auction breaks world records

A selection of Chinese imperial works of art has smashed world auction records after fierce bidding at Sotheby's in Hong Kong.

An imperial white jade seal commissioned by Emperor Qianlong of the Qing Dynasty in the 18th century was sold to an Asian buyer for US$12.29 million ($8m) breaking the world auction record for both white jade and imperial seals.

The price was almost double its estimate of about US$6.4 million and reflects international interest in objects of China's glorious past.

Read entire article at Telegraph (UK)