This is latest news from China reporting how a man paid 1500 yuans for a teapot in a local auction house and later somebody used a shop house to exchange for his teapot. It sounds a bit ridiculous. isn't it.
Well this happened in Hunan. In a news article released in the press on the 1st of August 2013, a collector by the name Kang Zihua in Hunan noticed that a teapot to be auctioned in a local auction house resembled one made by the legendary Gu Zingzhou. This is the classic monk's hat design, a teapot frequently made by Gu as it is his favourite teapot (incidentally the design was created by Si Dabin, Gongchun's student during the Ming dynasty). He has previously heard how a Gu's pot could be auctioned for millions of dollars in major auction houses in Beijing. He went to take a look at the teapot during the pre-auction viewing. Although he could not understand what was written at the bottom of the teapot, he noticed the word Gu Zingzhou engraved at the inside of the cover of the teapot. The ausction price began at 1500 yuans. Immediately he told himself that he wanted this teapot.
During the auction day, nobody paid any attention to this teapot. At the beginning price of 1500 yuans, no one seemed to be interested in the teapot. So Kang sent in his bid and eventually got the teapot for a mere 1500 yuans. He took the teapot back to his hotel and examined it with his friends. They were all delighted to find that it is the real teapot made by Gu. They confirmed that the engraving at the bottom was actually Gu's style of putting his stamp on the teapot. It simply meant that he made the teapot for his own enjoyment for a lifetime.
Then a developer got the news and came to have a look at Gu's teapot. He liked it so much that he immediately offered Kang a unit of his development, a shop house with 200 square meter shop space. It was reported that they had prepared the legal documents to sign for this exchange, a teapot for a shop house. Well, if the teapot is Gu Zingzhou's genuine work, the exchange seemed logical as Gu's teapots are known to be hot items in auction houses. The highe price ever reached in auction was 17.8 millions yuans for a set of teapots with 5 cups and saucers in 2011. This year another Gu's teapot was auctioned for over 14 millions yuans.
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