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Subject:Qing dynasty jades not expensive?
Posted By: Thu, Oct 08, 2009 IP: 65.4.228.25
I would like to learn more details about Randy's definition of "inexpensive" in reference to Qing dynasty jades, where and how much his dad might have acquired these inexpensive Qing dynasty jades. Also, was it possible that they were being sold at under market prices due to the ignorance of the dealers in community fairs who were not necessarily knowledgeable jade dealers? Please understand that I was not doubting what Randy said but was simply curious to learn more.
The reason I am saying that is because my friend B, who was working as a high school teacher in the early 70s in Hong Kong, said a Qing dynasty jade piece would cost him an average of HK $ 200-300 each at that time and he was making only HK $ 900 a month. The exchange rate of HK dollars to US dollars was 5:1 then. Therefore each Qing piece would cost about US $40 to $60 each at the time and it might seem to be "inexpensive" in today's market, however it would be equivalent to about 1/3 of a high school teacher's salary then. My father was a brewmaster in the famous San Miquel Brewery in Hong Kong during the late 60s and early 1970s, I remember he was making about HK $ 1,200-1,500 a month. In the late 60s he bought a Leica (made in Germany) M3 camera for $ 3,000 Hong Kong dollars and today this old camera is still worth about US $ 1,000-1,500. When I came to the States in 1974, he bought me a man's Rolex steel watch that cost HK $600 at the time and today the same watch is still worth about US$ 600. At that time a piece of nice Grade A jadeite jewelery cost about HK $ 150-300 each and they would be worth about US $ 3,000 a piece at today's market. Therefore, it is really difficult to judge what is not expensive or overly expensive unless once can compare their prices with other items or average income during those periods. It is possible the Qing dynasty jades may actually be cheaper in today's US market than in the 60s to 70s's Hong Kong market? May be other jade collectors can share their experience with us by giving some real examples.
B
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