THE CARLOW family who sold a vase, initially valued at €100, for €110,000 two years ago are set for another cash windfall when a similar piece of China goes to auction at the end of this month.
What's now known as ' the Carlow vase', an 11 inch blue and white piece, was snapped up by Richard Peters, a London ceramics dealer in 2010 for what he called 'the bargain price' of €110,000.
Months later, Mr. Peters sold the vase on for a phenomenal £240,000 or €281,406 , and the Carlow family are said to be delighted that he made such a profit.
The family, who wish to remain anonymous, inherited a hoard of Chinese porcelain initially thought to be ornaments of little or no value.
A similar vase from the collection is expected to make €200,000 when it goes under the hammer at Sheppard's auctioneers in the Co Laois village of Durrow, on November 29. Bidding is expected from international collectors when the auction is broadcast live on the internet.
The family has so far made €320,000 from the collection.
'We hope that this vase will do even better than €200,000,' said auctioneer Philip Sheppard.
'It is quite incredible. We don't know what we could have in our homes. We are very pleased that the family has decided to consign with us again.'
The second vase, 11 inches (30cm) high, is almost identical to the first - with just slight variations in the decoration, as each was hand-painted.
Made in the 18th century, during the reign of the Emperor Qianlong, it is 'in the Ming-style' of a form known as 'Yuhuchunping' (pear-shaped).