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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.

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