A Chinese vase sold for 450 times more than it's predicted price
It was estimated the intricately-painted porcelain wucai fish vase might fetch up to £1,800 ($2,238.84) when it went under the hammer, but auctioneers Fellows, who handled the sale, were stunned when it was sold to a Chinese collector for £810,000 ($1,007,546.85).
The sale smashed previous records at the Birmingham-based auctioneers, who filmed the dramatic moment it was sold.
It was initially believed the vase was a 20th Century copy of a piece fashioned during the reign of Emperor Jiajing of the Chinese Ming dynasty who ruled from 1521 to 1567.
Furious bidding between rival collectors during the auction pushed the price through the roof.
One man from Japan even flew to the UK to attend the auction in person.
There is still debate over the vase's authenticity, but if it is proven to be an original it could be worth millions.
Mark Huddleston, Senior Specialist at Fellows, said: "We are delighted with the house-record sale of the Chinese wucai vase.
This vase was consigned via a Chinese client. Initial research when cataloguing had pointed to a number of historic precedents sold in the tens and hundreds of thousands.
We examined the decoration to the collar and felt that it lacked sophistication of these early pieces.
Whilst we dealt with a number of condition enquiries before the sale, little could have prepared us for the result.
Bidding began at £1,000 ($1,243.80) and, with a handful of telephone bidders plus the usual hundreds online, predicting the final price became impossible.
The most gratifying aspect is that a number of bidders were actually in the sale room and had viewed it in person.
One bidder even flew in from Japan and has a number of these in his collection."
Last year, a rare Chinese piece bought for just £12 ($14.93) sold for a staggering £1million ($1,243,855.00) after it was given an estimate of £25,000 ($31,092.50).