A rare Ming-era wine cup broke the world auction record for Chinese porcelain, selling in Hong Kong for HK$281.2m (€26.3m) to Shanghai tycoon Liu Yiqian, said Sotheby’s auction house.

An extremely rare Chinese porcelain bowl fetched nearly HK$208m (€20.3m), smashing pre-sale estimates by about three times, as Sotheby’s wrapped up its season’s sale in Hong Kong.