SOTHEBY’S HONG KONG LAUNCHES ITS FIRST TEA AUCTION
TEA TREASURES – RARE VINTAGE AND PREMIUM PUERH THE INAUGURAL TEA SALE
A Celebration of Tea History and Culture: Featuring an Array of Premium Puerh
Spanning Over a Century
Highlight of the Auction
Antique “Chen Yun Hao” (White Ticket Black wording), 1900s
Hong Kong, 24 November 2021 Sotheby’s Hong Kong announces the launch of its first tea auction, Tea Treasures – Rare Vintage and Premium Puerh | The Inaugural Tea Sale, to be held online from 8 to 16 December, presenting some of the world’s most treasured Puerh to cater to an ever-growing market demand and the diversifying taste of today’s collectors and tea drinkers.
Featuring over 20 lots of premium Puerh, the auction showcases some of the most quintessential examples from the past century, from century-old antique tea (“Hao Ji Cha”), to “Yin Ji” teacakes from the 1950s and “Qizi bingcha” teacakes from the 1970s to the 1990s. Headlining the auction is a century-old teacake “Chen Yun Hao”(White ticket Black wording), one of the top five most prestigious tea houses in the 1900s which is estimated at HK$900,000 – 1,200,000.
Coinciding with Sotheby’s debut tea auction, the theme continues with Echoes of Fragrance – Evolution of Tea Culture from The Tang to the Qing Dynasties (8 – 16 December), an online sale which explores the evolution of tea drinking culture and its influence on the development of tea wares from the Tang to the Qing dynasties.
“Following the many recent ‘firsts’ at Sotheby’s, including the launch of spirits sales, the introduction of sake, and the addition of France as a new location for our regular series of wine and spirits auctions, the introduction of tea at our global auctions comes as a natural progression for our business. Today’s collectors continue to expand their horizons and we expect demand for the rarest teas to follow that for wines, whiskies and Moutai.”
JAMIE RITCHIE, WORLDWIDE HEAD OF SOTHEBY’S WINE
“We are excited to introduce tea for the first time at Sotheby’s auction, a curation of over 20 lots featuring some of the most treasured premium Puerh over the past century. We are delighted to work with Mr. Henry Yeung from Sun Sing Tea, one of the most revered names in the industry, as a consultant for our inaugural tea sale. Tea forms such an integral part of our culture, and we hope to provide collectors better access to top quality Puerh through our international platform and contribute to the promotion of tea culture.”
PAUL WONG, HEAD OF SOTHEBY’S WINE & SPIRITS AUCTION, ASIA
More on Puerh:
One of the oldest forms of tea, Puerh gained its recognition and appeal from the Qing Dynasty. It is a post-fermented tea produced from the Yunnan province which is known to enhance its quality and flavour through aging. Aged puerh is mellow in flavor and has an elegant aroma- in the view of Chinese medicine, this is believed to promote health and ease digestion.
For transportation purposes, Puerh is generally compressed into different shapes, with cake, brick or tuocha as the most established forms. There are two main types of Puerh – raw or cooked, with different flavours and aging potential. The raw process undergoes a natural oxidization process in which the tea colour, fragrance and its unique mellow taste gradually form and fortify pending on the length of aging and storage environment, factors which is dependent on the rarity of the Puerh. The cooked process goes through an artificial fermentation cycle, which allows it to be consumed without aging.
Century-old Antique Puerh:
1900’S CHEN YUN HAO (WHITE TICKET BLACK WORDING)
ESTIMATE: HK$900,000 – 1,200,000
Glamour of “Yin Ji” Puerh:
1950’S BLUE LABEL TEACAKE (“JIAJI”)
ESTIMATE: HK$400,000 – 500,000