A $3 bowl just sold for $2.225 million at Sotheby's in New York. The last time it changed hands, this 1,000-year-old Chinese bowl was sold at a tag sale for $3.
Sotheby’s Auction House/AP
When's the last time you made a million-fold return on investment? A rare Chinese bowl, bought at a tag sale for $3, has sold at a New York City auction for more than $2.2 million.
The 1,000-year-old bowl was part of the opening session of Sotheby's fine Chinese ceramics and works of art auction Tuesday.
Sotheby's says it was sold to a London dealer for $2.225 million, far above the presale estimate of $200,000 to $300,000.
The person who put the bowl up for auction bought it at a tag sale in 2007 and displayed it in the living room for several years before becoming curious about its origins and having it examined.
The bowl is white in color and from the Northern Song Dynasty.