Auctions

• Sale Title: Ming and Qing Works of Art Beijing – Tuesday, May18, 2010 Sale no: 8820 – Top Ten [All sold prices include buyer’s premium]   Sold: RMB¥ 27,352,640 US$ 4,004,779   Lots Sold: 122 Lots Offered: 149 Sold by Lot: 82% Sold by Value:86% Exchange Rate: US$1= RMB¥6.83   Lot Description   Estimate (RMB¥)   Purchase Price Buyer 658 A SONG ‘KONGGU LIUQUAN ' QIN 600,000 –800,000 ¥ 3,360,000 $ 491,947 Asian Private 735 AN ENAMEL DUCK FORM BOX AND COVER 200,000 – 250,000 ¥ 1,624,000 $ 237,775 Mainland Chinese 728 AN IMPERIAL RUBY EMBELLISHED GILT-SILVER CUP 120,000 – 150,000 ¥ 1,512,000 $ 221,376 Asian Private 660 A RARE QIANGJIN AND TIANJIN LACQUER DISH 60,000 – 80,000 ¥ 1,120,000 $ 163,982 Asian Private 628 A LARGE CARVED RHINOCEROS HORN LIBATION CUP 100,000 –120,000 ¥ 1,120,000 $ 163,982 Mainland Chinese 629 A FINELY CARVED RHINOCEROS HORN CUP 730,000 – 780,000 ¥ 1,097,600 $ 160,703 Mainland Chinese 618 A VERY RARE IMPERIAL IVORY WOVEN MAT FOR YONGZHENG EMPEROR EMPEROR A SUPER EMERALDGREEN JADEITE ARCHER’S RING 800,000 – 1,000,000 ¥ 1,075,200 $ 157,423 Mainland Chinese 627 A CARVED RHINOCEROS HORN CUP 150,000 – 180,000 ¥ 806,400 $ 118,067 Mainland Chinese 702 A JADEITE BEADED NECKLACE, ZHUCHUAN 350,000 – 380,000 ¥ 761,600 $ 111,508 Mainland Chinese 649 A HARDSTONE EMBELLISHED HUANGHUALI CIRCULAR BOX AND COVER AND COVER   30,000 – 40,000 ¥ 750,400 $ 109,868 Mainland Chinese   Dai Dai, Specialist Head, WOA Department, commented: "We are pleased withour results, which show the strength of the marketfor fine and rare works of art. Our strategy of focusing on quality over quantity paid off with determined biddingfrom buyers whopushed prices up by several times on some moderately estimated lots. Also,worksfrom several renowned overseas collections won immediate recognition from the local Chinese market, and achievedexceptionalresults." Paul Dong, General Manager, said: "We are delighted by the results in both sale categories. Having one of the biggest turnouts in several years represents strong interest among a larger group of art lovers and collectors, many of whom were first-time auction participants. While the art market may be embraced as an investment opportunity, we believethere is also an increasingly solid baseof connoisseurs who go for fine collectibles." Press Contact Forever International Auction Company Ltd. Paul Dong +86 10 5969 2668 Christie’s Hong Kong Yvonne So +852 9364 0046/Kate Swan +852 9863 5693 Date and Location of Next Sale TBD    Forever 2010 Spring Sale Results_Ming and Qing Works of Art