拍賣筆記 vol.369 佳士得香港2026：1.749億港元售出，愛蓮堂珍藏元青花「錦香亭」圖罐 - A Blue And White ‘Jinxiang Ting’ Narrative Jar, Yuan Dynasty, Sold for 174.9m HKD

英國鐵路養老基金（British Rail Pension Fund）名品再現拍場，參考王秋生財新專欄文章《一個鐵路退休基金如何重塑中國古藝價值》。這場拍賣堪稱中國古代藝術在近代拍賣史上的一次巔峰展現，許多經典名品展現出穿透經濟週期的強勁爆發力。1.749億港元的高價成交，為本次春拍注入一劑強心針。

最終由Marco的電話委託勝出，1.48億港元落槌，8211號牌得主。含佣金後總價達1.749億港元，現場響起近年罕見的尖叫與熱烈掌聲。

The prestigious pieces from the British Rail Pension Fund once again took center stage at auction. As referenced in Wang Qiusheng’s Caixin column, “How a Railway Retirement Fund Reshaped the Value of Chinese Ancient Art,” this sale represents a pinnacle moment for Chinese ancient art in the modern auction era. Many of these iconic works demonstrated remarkable resilience and explosive power, transcending economic cycles. The HK$174.9 million realized price served as a powerful shot in the arm for this spring auction.

The lot was ultimately won via telephone bid by Marco, hammering down at HK$148 million under paddle No. 8211. With buyer’s premium, the total reached HK$174.9 million, prompting rare cheers, screams, and enthusiastic applause in the saleroom — a scene seldom seen in recent years.

愛蓮堂珍藏

元 青花「錦香亭」圖罐

YUAN DYNASTY (1279-1368)

成交價

港元 174,900,000

The Ai Lian Tang Collection

AN IMPORTANT MAGNIFICENT BLUE AND WHITE ‘JINXIANG TING’ NARRATIVE JAR

YUAN DYNASTY (1279-1368)

Price realised

HKD 174,900,000

10 3⁄4 in. (27.4 cm.) high

來源

紐約蘇富比，1976年10月23日，拍品242號

英國鐵路局退休基金會舊藏

香港蘇富比，《Important Chinese Porcelain, Enamels and Jade Carvings from the Works of Art Collection of the British Rail Pension Fund》， 1989年5月16日，拍品12號

士紳珍藏；香港佳士得，2005年11月28日，拍品1403號

出版

《中国名陶展 : 中国陶磁2000年の精華》，東京，1992年，頁75，編號66

《蘇富比香港二十週年》，香港，1993年，頁55，編號25

《香港蘇富比三十週年》，香港，2003年，頁193，編號196

《香港佳士得二十週年–中國瓷器及工藝品精選》，香港，2006年，頁53

展覽

借展於達拉斯藝術博物館，達克薩斯州，1985–1988年

《中国名陶展 : 中国陶磁2000年の精華》，日本，1992年4月9日至11月23日，展覽圖錄編號66

AN IMPORTANT MAGNIFICENT BLUE AND WHITE ‘JINXIANG TING’ NARRATIVE JAR

YUAN DYNASTY (1279-1368)

10 3⁄4 in. (27.4 cm.) high

PROVENANCE

Sold at Sotheby's New York, 23 October 1976, lot 242

The British Rail Pension Fund collection

Sold at Sotheby's Hong Kong, Important Chinese Porcelain, Enamels and Jade Carvings from the Works of Art Collection of The British Rail Pension Fund, 16 May 1989, lot 12

The Property of a Gentleman; sold at Christie’s Hong Kong, 28 November 2005, lot 1403

LITERATURE

Chugoku meito ten: Chugoku toji 2000-nen no seika (Exhibition of Chinese Pottery: Two Thousand Years of Chinese Ceramics), Tokyo, 1992, p. 75, no. 66

Sotheby's Hong Kong Twenty Years, Hong Kong, 1993, p. 55, no. 25

Sotheby's Thirty Years in Hong Kong, 2003, p. 193, no. 196

Christie's 20 Years in Hong Kong- Chinese Ceramics and Works of Art Highlights, Hong Kong, 2006, p. 53

EXHIBITED

On loan at Dallas Museum of Art, Texas, 1985-1988

Chugoku meito ten: Chugoku toji 2000-nen no seika (Exhibition of Chinese Pottery: Two Thousand Years of Chinese Ceramics), Japan, 9 April- 23 November 1992, cat. no. 66