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900-year-old Song dynasty dish sells for $20.3m in Hong Kong

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Nicolas Chow, Sotheby's Asia Deputy Chairman, holds the Chinese Song Dynasty ceramics Ruyao Washer at the Sotheby's auction in Hong Kong Wednesday, April 4. Photo: AP

Nicolas Chow, Sotheby's Asia Deputy Chairman, holds the Chinese Song Dynasty ceramics Ruyao Washer at the Sotheby's auction in Hong Kong Wednesday, April 4. Photo: AP

Nicolas Chow, Sotheby's Asia Deputy Chairman, holds the Chinese Song Dynasty ceramics Ruyao Washer at the Sotheby's auction in Hong Kong Wednesday, April 4. Photo: AP

A 900-year-old dish has smashed the record for Chinese Song dynasty ceramics sold at auction, fetching €20.3m.

Sotheby's said on Wednesday that eight bidders competed for the Ruyao washer over 15 minutes before it sold for the equivalent of €20.3m.



That was triple the pre-sale estimate.



Sotheby's said the price surpassed the previous record set in April 2008 for Song dynasty ceramics, when a vase sold by the auction house went for HK$67.5m.



The auction house said the flower-shaped bowl was from a private Japanese collection and was "arguably the most desirable piece of Ru official ware remaining in private hands."



The auction result underscores Hong Kong's position as the world's third largest auction hub, driven by soaring demand from newly wealthy Chinese collectors.