Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

10434

Xiling Group completes sale of rare vase

RELATED TOPICS​

Alternative asset manager Xiling Group has completed the sale of one of its rare assets, a celadon-glazed archaistic vase.



The rare vase was auctioned by Christie’s Hong Kong on 30 May 2012 for USD3,691,408 (including buyer’s premium).

It had been purchased in May 2007 by Xiling Fund I from a Japanese collector for USD1,220,000. Full payment was received in the first week of July.

The recent sale was the second Xiling asset sale, following the sale on 8 April 2011 of a Qianlong large blue and white "Dragon" vase for USD3,814,969 (including buyer’s premium) versus the fund’s acquisition cost of USD1,100,000 in March 2006.

Xiling Group is a seven-year old firm that invests in extremely rare, museum-quality Chinese imperial porcelains, bronzes and other art works having demonstrated cultural importance. The Xiling team is led by William M. Carey and Thomas R. Podlesny, also principals of Cortland Associates, and Bruce G. Wilcox, former chairman of hedge fund Cumberland Associates.

"We believe that as China and its business community prosper, the value of the works held by our funds will increasingly reflect that prosperity without the attendant risks and complexities that arise with direct investment in Chinese businesses or equities," says Carey.

Latest News

According to the latest ESG data from PwC Luxembourg finds that investment flows towards EU..
Solactive and private equity data provider CEPRES have established a new partnership for to introduce..
New research published today by the CFA Institute Research and Policy Centre analyses the many..

Related Articles

Pension funds
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next decade, industry research reveals...
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next..
Tim Crawmer, Payden & Rygel
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also, given that equities had a strong year last year, big funds have taken some chips off the table in equities and put them into fixed income...
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also,..
Lady justice
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI) strategies received glowing commendations from the Bank of England in its March report...
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI)..
Pension funds
Four potential operators of pensions dashboards (Just Group, Legal & General, Moneyhub and Standard Life, part of Phoenix Group) are coming together to instigate a new industry coalition...
Four potential operators of pensions dashboards (Just Group, Legal & General, Moneyhub and Standard Life, part of Phoenix Group) are..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by