$3 bowl worth $2 million? Tag sale find goes for $2.225 million
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‚Äôs 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.