Oriental art valuation: Buddha statue sold for £6.2m

AA London-based dealer has secured a 500-year-old bronze statue for approximately £6.2 million.

The Amitayus Buddha relic was bought at a Hong Kong auction house by Richard Littleton, Bloomberg reports.

It is from the reign of Emperor Xuande - from 1426 to 1435 - and measures 22.5 inches.

Christie's International - which hosted the event - speculated that the object was idolized by the imperial rulers.

Mr Little was quoted in the publication as saying: "It's a very reasonable price for such a rare piece. I'm confident it will be a very good investment."

The buyer added: "I have been tracking this item for a long time. I know how rare it is."

The news may fascinate anyone with a passion for antique treasures that have an enduring value.

Meanwhile, the Fame Bureau and WDX recently put together an auction in the City of London which saw the late actor James Dean's lucky watch go under the hammer.

Posted by John Folwell