There are experts and there are experts . . . Many of the so-called experts, when it comes to the crunch, have just about the same chance of spotting a winner as the rest of us! This was vividly highlighted ten days ago at a sale at a small provincial saleroom in Wales. A 19cm. celadon vase was entered into the regular fortnightly sale at the rooms of Peter Francis of Carmarthen. It was modestly estimated at £150-250, having been rejected by ‘Chinese experts’ appointed by executors of a London estate. And so, the vase was packed off unceremoniously to the remote Welsh saleroom where it produced a house record of £114,500 hammer (buyer’s premium to be added). When it was exposed for sale there was a protracted 15 minute bidding session between a Chinese dealer in the room and an online bidder in China (PRC mainland). The vase (pictured above) is, in fact, now reckoned to be an original prized Yongzheng era (1722-35) vase. Said auctioneer Nigel Hodson, “I started the bidding at £500 and the internet just melted. We knew something was happening . . .”. Apparently, the rejected items from London have produced a total of around £500,000 for the Francis rooms, with more to come tomorrow, November 18th. Maybe worth a look . . . .