Chinese bowl found at garage sale fetches over $2.2 million at auction

AP

This undated photo provided by Sotheby?s Auction House in New York shows a 1,000-year-old Chinese ?Ding? bowl from the Northern Song Dynasty. The bowl, purchased from a tag sale for no more than three dollars, was sold by Sotheby?s for more than $2.22 million during the opening session of Sotheby's fine Chinese ceramics and works of art auction Tuesday, March 19, 2013 in New York.

REUTERS

NEW YORK : A 1,000-year-old Chinese bowl that was bought for a few dollars at a garage sale in New York state sold for more than $2.2 million at auction on Tuesday.

An unnamed New York family bought the "Ding" bowl, which

is from the Northern Song Dynasty, for no more than $3 in 2007 and displayed it on a mantelpiece with no idea as to its real worth, Sotheby's said.

After consulting with experts, the owners consigned the bowl for auction. Sotheby's estimated it would sell for $200,000 to $300,000. London dealer Giuseppe Eskenazi paid $2,225,000 including commission for the bowl, which measures just over five inches in diameter, at the auction in New York City.

Sotheby's said the only known bowl of the same form, size and almost identical decoration has been in the collection of the British Museum in London for more than 60 years.