Chinese bowl sells at Sotheby's for record $9.5 million

The price set a new world record for any Chinese porcelain from the Kangxi period during the Qing dynasty after it was bought by a Hong Kong ceramics dealer for HK$74 million ($9.5 million) Monday, Sotheby’s said in a statement.

The ruby-ground “falangcai” bowl decorated with pink, yellow and blue lotuses was originally expected to fetch HK$70 million at the sale, part of Sotheby’s six-day spring sale in the southern Chinese city that concluded on Monday.

The auctioneer said the bowl broke a previous Qing Kangxi porcelain record in 2006, when a blue and white “Dragon” vase was sold for HK$22.52 million.