International Art Market: Chinese scroll takes Sotheby's by surprise
Monday 13 December 1993
British export licences are required for watercolours worth more than pounds 39,600; Sotheby's exported the scroll without a licence, not thinking it was worth that much.
The painting is the work of Giuseppe Castiglione (1688- 1768), a Jesuit priest who worked for three Chinese emperors. A footnote in Sotheby's catalogue, where the estimate was pounds 20,000- pounds 34,000, alerted the National Museums of Scotland to its origin, and they demanded it back.
It was finally agreed that the work would be returned to Britain after the sale and an export licence applied for; British institutions would then be given three months to match the sale price.
The fierce bidding battle was won by Giuseppe Eskenazi, a London dealer.
- 1 The difference between a migrant and refugee, in one sentence
- 2 Miley Cyrus calls out hypocrisy of women’s nipples being taboo
- 3 Celebrity Big Brother 2015: Tila Tequila kicked off show after 'describing Hitler as a good man'
- 4 iPhone 5c to be discontinued, no iPhone 6c to replace it
The difference between a migrant and refugee, in one sentence
Spain accused of 'provocation' after letting Russian submarine refuel off Gibraltar
Allonautilus scrobiculatus: World's 'rarest' creature spotted for only the third time ever
Miley Cyrus calls out hypocrisy of women’s nipples being taboo
Celebrity Big Brother 2015: Tila Tequila kicked off show after 'describing Hitler as a good man'
Climate change: 2015 will be the hottest year on record 'by a mile', experts say
Labour leadership: Jeremy Corbyn accused of 'deluding' young supporters with 'claptrap'
'Women only' train carriages: Jeremy Corbyn unveils radical move to tackle public harassment
Black holes are a passage to another universe, says Stephen Hawking
Iain Duncan Smith 'should resign over disability benefit death figures', says Jeremy Corbyn
Iain Duncan Smith calls for urgent ESA overhaul as part of drive to cut down welfare costs
£18000 - £30000 per annum: Recruitment Genius: A Sales Executive or Senior Sal...
£40000 - £55000 per annum: Recruitment Genius: This is an exciting opportunity...
£22000 per annum: Recruitment Genius: This industry leading company produces h...
£20000 - £40000 per annum: Recruitment Genius: This IT provider for the educat...