A rare Ming Dynasty cup that's more than 500 years old has fetched USD 36 million at a Hong Kong auction, smashing the previous world record price for Chinese porcelain.
Sotheby's said a mainland Chinese collector was the winning bidder at today's auction.
The cup measures just 8 centimetres in diameter. It's known as a "chicken cup" because it's decorated with a rooster, hen and their chicks.
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It was made during the reign of the Ming Dynasty's Chenghua Emperor, who ruled from 1465 to 1487.
Sotheby's said the previous record for Chinese porcelain was set in 2010 when a Qianlong vase sold for USD 32.4 million.
It's the latest of several records set at the auction house's spring sales in Hong Kong.
