Lifestyle

Hotel Mogul Steve Wynn Just Bought A Record-Breaking $12.8 Million Worth Of Chinese Vases

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steve wynn
AP

Hotelier Steve Wynn went on an art-buying spree this weekend, picking up four Chinese vases at a Christie's auction for the record-breaking sum of $12.8 million, according to The Las Vegas Sun.

The hotel and casino mogul bought the vases to adorn his new property in Macau, which is slated to open in 2015. He paid far more than the pre-sale estimate of $1.6 million for the set, Artinfo reported.

The four vases, which are from the Jianqing period (1796 to 1821), set a world auction record for ormolu-mounted porcelain, according to Christie's.

They aren't the first pieces of Chinese art Wynn has purchased for his Macau properties; the mogul reportedly started collecting Chinese objects in 2006, Artinfo reported.

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Julie Zeveloff
Julie Zeveloff West is Director of Editorial Product Strategy at Business Insider. She was previously Chief of Staff to Business Insider's editor-in-chief.Julie was the editor-in-chief of the Life division, where she oversaw Business Insider's entertainment, health, food, travel, style, parenting, and digital culture coverage. She was also a Deputy Editor for the site's business section, where she oversaw the lifestyle, transportation, retail, education, and lists & rankings sections, as well as its social media and graphic design teams. Before joining Business Insider in 2010, she was a reporter at Law360, where she covered international trade.In 2019, she was chosen as one of the Folio: Top Women in Media honorees in the Up and Comers category. Julie graduated from Cornell University and holds a master's degree from Columbia University's Graduate School of Journalism.