A rare 16th-17th century blue-and-white Chinese porcelain “dragon box” and cover has sold for more than 140 times its AU$1000-$2000 presale estimate during the Bonhams Australia June 22 Asian Art sale in Sydney.

The final price of $146,400 (IBP) is an Australian auction record for the category. It could also be a world record, however the high volume of blue-and-white Chinese porcelain sold at auction internationally makes verifying this almost impossible.      

According to Bonhams, the bidding contest came down to two Asian collectors, one in the room and another online. The winning bid was placed by the collector in the room.