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Asian Buyers Battle for $25 Million Vase as Chinese Prices Rise

An 18th-century vase priced at $25 million is among the works offered by dealers and auction houses at this week’s Asian Art in London event as Chinese collectors pay more for trophy objects from their heritage.

The Qing dynasty porcelain, painted with a dragon in purple enamels, dates from the reign of the Emperor Yongzheng. It is the sole known survivor of a group made in the imperial palace, Beijing, from 1723 to 1735, the Mayfair-based dealer Eskenazi Ltd. said in its 50th anniversary catalog.