Media playback is unsupported on your device

Rare Chinese cup sold for $36m at auction

8 April 2014 Last updated at 15:36 BST

A rare Ming-era cup has fetched a record-breaking $36m (£22m) at auction in Hong Kong on Tuesday.

The porcelain cup decorated with a painting of a rooster, hen and chicks was made in the late 15th Century.

The auction is being closely watched by investors for signs of recovery in China's volatile high-end art market.

Auction house Sotheby's said the previous record for Chinese porcelain was set in 2010, when a vase sold for $32.4m.

David Sillito reports.

Watch more reports on Asia Business Report's website.

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.