News Articles Library Event Photos Contact Search


Saturday, 09 July 2011 02:13

Casino Mogul Wynn Buys $12.8 Million Chinese Vases for Macau Resort Hotel

A set of four 18th-century Chinese porcelain vases sold in Christie's International's ``Exceptional'' sale of antique artworks in London on July 7. They were bought by U.S. casino owner Steve Wynn for 8 million pounds ($12.8 million) to decorate his new resort in Macau. The 4-foot-high vases, painted with Buddhist and Taoist emblems and embellished with 19th-century gilded metal mounts, had formerly been in the collection of the Scottish aristocrats, the Dukes of Buccleuch. A set of four 18th-century Chinese porcelain vases sold in Christie's International's ``Exceptional'' sale of antique artworks in London on July 7. They were bought by U.S. casino owner Steve Wynn for 8 million pounds ($12.8 million) to decorate his new resort in Macau. The 4-foot-high vases, painted with Buddhist and Taoist emblems and embellished with 19th-century gilded metal mounts, had formerly been in the collection of the Scottish aristocrats, the Dukes of Buccleuch. Photograph: Christie's Images Ltd. 2011 via Bloomberg.

U.S. casino owner Steve Wynn paid 8 million pounds ($12.8 million) at a London auction last night for a set of four 18th-century Chinese porcelain vases that will decorate his new resort in Macau.

The 4-foot (1.2 meter) vases, painted with Buddhist and Taoist emblems and embellished with 19th-century gilded metal mounts, were the most expensive of 50 lots at Christie’s International’s “Exceptional’’ sale in the U.K. capital.

Sold by a private collector, the Jiaqing period (1796-1821) vases had formerly been in the collection of the Scottish aristocrats, the Dukes of Buccleuch, and had been estimated at 600,000 pounds to 1 million pounds.

After the auction, the casino-owner’s leisure group said the vases had been bought by Wynn Resorts Macau Ltd. for its new Cotai Resort Hotel, scheduled to open in 2015. It was also the buyer of a Chinoiserie tapestry for 169,250 pounds.

“We are delighted to return works of this extraordinary quality to the city of Macau and the People’s Republic of China,” Roger Thomas, executive vice president of Design for Wynn Design and Development, said after the sale.

Thomas was bidding at the auction while on the telephone to Steve Wynn, said Christie’s. The event raised 28.8 million pounds with 36 of the lots selling.

The predicted highlight of the sale had been 17th-century bronze of a mythological figure by the Dutch sculptor Adriaen de Vries, estimated at 5 million pounds to 8 million pounds.

Additional Info

Events