A Chinese Emperor's seal fetches $11.8 million when it goes under the hammer in Hong Kong.
ROUGH CUT - NO REPORTER NARRATION STORY: The largest imperial seal used by Chinese emperor Kangxi went under the hammer in Hong Kong on Wednesday (April 6) and fetched $11.8 million (USD). Sotheby's said an Asian buyer won the bid and that it set the third highest price for any Chinese imperial seal sold at an auction. It added that the price also set a world auction record for a seal carved for Emperor Kangxi, who ruled China from 1661 to 1722. Deputy Chairman of Sotheby's Asia and International Head and Chairman of Chinese Works of Art, Nicolas Chow, says the seal is the most important Chinese historical object ever to be offered at auction. He added that it's challenging to value a work that is being sold for its symbolism. "Well this is the largest seal ever carved for Emperor Kangxi, who was the longest reigning monarch in the history of China. The four characters on the base say 'jingtian qinmin' which means 'revere heaven, and serve thy people'. It really crystallizes the political theory in China whereby heaven bestows its power upon the ruler who is righteous and benevolent," Chow said. The "pig dragon" on the seal, a supernatural beast, symbolizes the link between heaven and earth, Chow added. Wednesday (April 6) concluded Sotheby's Spring Sales. Its rival Christie's is hosting their Spring auctions from May 27 to June 1.