Chinese white jade sculpture up 7,923% on estimate

A stunning white-jade Chinese sculpture of a chariot with horses and riders has wowed crowds at Elite Decorative Arts' July 13 auction in Boynton Beach, Florida.

Chinese jade sculpture auction
'This is obviously a great time to buy and sell jade, as the market appears to be red hot.'

The delicately carved piece sold for an outstanding $40,120, making a huge 7,923% increase on its $300-500 valuation.

"We expected the jade to hold its own, but I don't think anyone in the company was prepared for the results we achieved," said the auction house's Scott Cieckiewicz.

"We were helped by exceptional jade consignments that were bid on aggressively by some strong jade buyers.This is obviously a great time to buy and sell jade, as the market appears to be red hot."

The sculpture is particularly valued for its even-toned white jade colour throughout, which displays some translucence. Measuring 10 inches tall by 25 inches wide, it sold complete with a fitted wooden base and presentation box.

More jade sales included a handcarved green jade moon flask vase depicting a coastal scene to one side and a landscape with two men on the other. It sold for $37,760.

A Qing dynasty celadon jade mountain carving showing two children at play and a frog made $31,860, while a red coral sculpture of a maiden with children brought $30,250.

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