It might be time to start wrapping up the good china. Earlier this month, a simple kiln-fired dish from China's Song Dynasty sold for a record $26.7M at auction in Hong Kong, fueled by interest from fabulously wealthy Chinese collectors. The 900-year-old plate bears no extravagant design, but was produced expressly for the royal court and is believed to have remained in the dynastic collection for many years. It has not been revealed how the seller, a Japanese collector, came to acquire the piece, but a Sotheby's rep attempts to explain how it is worth such an extravagant sum. Check out the video, after the jump.
· Why the Song dynasty dish is worth £17m [Telegraph UK]