L & H AUCTION

Hong Kong, 28 November 2023 – As Greater China's leading tea auctioneer, L&H HK staged the "Vintage Pu-er Tea and Premium Tea Auction" and "Premium Delicacies Auction" on 26 November 2023 (Sunday). With the support and trust shared by worldwide collectors, the unprecedented line-up welcomed enthusiastic bidders in the room, through writing, on the telephone and online, and concluded successfully amid a round of applause.

Making its grand debut in the world of auction, the century-old Lian Xing Hao led the sale at a hammer price of HKD 220 million. Hao Grade and Yin Grade Pu-er delivered brilliant results, while Mid-term Pu-er and a batch of high-quality loose teas, maintained their consistently excellent performance, testifying to the thriving demand for vintage Pu-er teas and their evident potential for appreciation. In addition, rare supplementary items featured not only aged tangerine peels from renowned producing regions but also wild mountain ginseng, making it a hot topic among collectors as it made its debut in the Hong Kong auction scene.

Mr. Henry Chau, CEO of L&H Auction remarks, "Given the current economic climate, we are delighted by this season's pleasant results, which have only been made possible with the support of cultured collectors and our media friends. Looking forward, L&H HK will continue to uphold the principle of 'Greatness Consists in Refinement', showcasing legendary creations with great investment value, while upholding the rich heritage of traditional Chinese tea culture."

*Hammer price does not include buyer's premium

Auction Highlights

Century-old Lian Xing Hao

Owing to the generosity of a fellow collector, we were able to present a century-old Lian Xing Hao for the first time in the history of auction. As one of the most ancient teahouses in Yiwu Town, the lot received considerable attention from preview to auction, shining bright amongst a sea of rare gems. L&H HK is fortunate to have uncovered and set the benchmark for the unique Hao Grade lot.

LOT: 136
Two Pieces of 'Lian Xing Hao' Tea Cake, Circa 1920s
Quantity：Two Pieces
Hammer Price：HK$ 2,200,000

Hao Grade Pu-er

Carrying a century of history and significance, it is no surprise that first-class Hao Grade teas continue to attain wondrous results.

LOT: 137
An Extremely Rare and Fine Vintage 'Song Pin Hao' Pu-er Tea Cake
Quantity：One Piece
Hammer Price：HK$ 1,050,000

LOT: 177
A Piece of 'Tong Xing Hao' Xiang Zhiqing Pu-er Tea Cake, Circa 1920s
Quantity：One Piece
Hammer Price：HK$ 850,000

Yin Grade Pu-er

Preserving the essence of Hao Grade Pu-er, Yin Grade Pu-er are perfect for tasting and collecting, achieving exceptional results in line with prediction. In particular, Yin Grade Pu-er in original packaging and excellent condition have captured the eyes of keen investors due to their exclusivity.

LOT: 133
Seven Pieces of 'Gam San Lau' Red Mark Pu-er Tea Cake without Wrapping, Circa 1950s
Quantity：Seven Pieces
Hammer Price：HK$ 3,300,000

LOT: 170
Seven Pieces of Blue Mark Pu-er Tea Cake, Circa 1950s
Quantity：Seven Pieces
Hammer Price：HK$ 2,380,000

LOT: 171
A Piece of Red Mark Pu-er Tea Cake, Circa 1950s
Quantity：One Piece
Hammer Price：HK$ 750,000

LOT: 132
A Piece of Red Mark Pu-er Tea Cake, Circa 1950s
Quantity：One Piece
Hammer Price：HK$ 680,000

LOT: 167
Seven Pieces of Yellow Mark Pu-er Tea Cake, Circa Early 1970s
Quantity：Seven Pieces
Hammer Price：HK$ 1,400,000

LOT: 148
Seven Pieces of Yellow Mark Pu-er Tea Cake, Circa 1960s
Quantity：Seven Pieces
Hammer Price：HK$ 1,350,000

Mid-aged Pu-er and Loose Teas

The Autumn auction features a grand line-up with every tea you can imagine; the phenomenal results across multiple categories echoe the fervent demand from tea enthusiasts.

LOT: 103
Seven Pieces of 8582 Pu-er Tea Cake in Thin Wrapping, Circa 1980s
Quantity：Seven Pieces
Hammer Price：HK$ 1,000,000

LOT: 113
Seven Pieces of 8582 Pu-er Tea Cake in Thin Wrapping, Circa 1980s
Quantity：Seven Pieces
Hammer Price：HK$ 980,000

LOT: 140
Four Bags of Loose Leaf Pu-er Tea, Circa 1950s/ 1960s
Quantity：Four Bags
Hammer Price：HK$ 250,000

Tangerine Peel and Wild Ginseng

Our collectors have a growing appetite for diversity and a developing interest for nourishing delicacies, which is demonstrated by the sustained success. Wild ginseng, otherwise known as the "King of Herbs", have landed in the Hong Kong auction scene for the first time. Well-preserved wild ginseng is one of a kind, which explains the extravagant price and it’s leading status in Hong Kong’s coming auctions.