L & H AUCTION

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2021-05-31

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【PRESS RELEASE】L&H AUCTION CONCLUDED ITS SPRING SALE 2021 ON 29 MAY

FOR IMMEDIATE RELEASE

L&H AUCTION CONCLUDED ITS SPRING SALE 2021 ON 29 MAY

VINTAGE PU’ER TEA AND PREMIUM TEA AUCTION

Quintessential Hao- and Yin-Grade Pu’er Tea Cake Led the Sale

Seven Sons Raw Tea Cakes from the 1980s Achieved Impressive Results

Lot 118: A Stack of Blue Mark Pu’er Tea Cake, Circa 1950s

Sold for HKD3.41 Million (Est: HKD2.3 – 3.2 million)

Aged over 70 years, boasting enormous aroma

Lot 156: Two Pieces of Red Mark Pu’er Tea Cake, Circa 1950s

Sold for Almost HKD2.01 Million (Est: HKD1.2 – 2 million)

“Modern Tribute Tea” highly coveted by the market

L&H Auction, the pioneering international premium pu’er tea auction house, concluded its Spring Sale 2021 on 29 May. Thanks to the support from seasoned and new collectors, the selections of the sales were well-responded, of which the sale of Vintage Pu’er Tea and Premium Tea saw particularly active bidding in the room, on the telephone and online. Pre-eminent Hao- and Yin-grade pu’er tea cakes led the sale – A Stack of Blue Mark Pu’er Tea Cake, Circa 1950s sold for HKD3.41 million* above the high estimate, while Two Pieces of Red Mark Pu’er Tea Cake, Circa 1950s sold for almost HKD2.01 million also above the high estimate. Teas from the 1980s also achieved impressive results – Seven Pieces of 8582 Pu’er Tea Cake in Thin Wrapping, Circa Late 1980s, and A Stack of 8582 Pu’er Tea Cake in Thick Wrapping, Circa 1980s both sold for approximately HKD1.6 million respectively. The sales of Teawares and Agarwood and Delicacies and Moutai Wine were also held on the same day.

Mr Henry Chau, CEO and Founder of L&H Auction says, “I am grateful for the participation and support from collectors and tea lovers. Without their active bidding in the room, over the telephone and online, we would not have completed this season with flying colours. We are proud to see that our meticulously-selected offerings were welcomed by the market, which is a testament to the continued demand for premium vintage pu’er tea cakes, and collectors’ trust in L&H. Going forward, we will continue to amass an even wider varieties of premium Chinese teas with high investment value; and we also invite collectors in the region to consign with us for the seasons to come.”

*Prices include buyer’s premium

Result highlights

Lot 156 Two Pieces of Red Mark Pu’er Tea Cake, Circa 1950s

Weight: Approx. 338g & 331g

Est: HKD1,200,000- 2,000,000

Sold for HKD2,009,000

After weathering a process of naturalistic aging for more than seven decades, the tea is rich and full in aroma, the exterior delicately imbued with a chestnut red that appear luminous. The brewed tea multi-dimensional in aftertaste, further accented with a subtle mellowness that is not too overbearing.

Lot 118 A Stack of Blue Mark Pu-er Tea Cake, Circa 1950s

Weight: Approx. 2323g

Est: HKD2,300,000-3,200,000

Sold for HKD3,413,000

The Blue Mark Pu’er tea cakes are commonly wrapped in handmade Yunnan cotton paper, inscribed with its categorical characters but its trademark ticket does not specify its production location. The raw materials used to produce the limited Blue Mark Pu’er tea cakes were harvested from the six great tea mountains in the Menghai County of Xishuangbanna. This category of tea is generally believed to be a product of the Xiaguan Tea Factory around the 1950s. The surface of the tea cake is slightly curved, reminiscence of the shape of a bowl and exhibits the colour of a dark luminosity.

Lot 101 Seven Pieces of 8582 Pu’er Tea Cake in Thin Wrapping, Circa Late 1980s

Weight: Approx. 2437g

Est.: HKD700,000-1,200,000

Sold for HKD1,599,500

The 8582 pu’er tea cake with thin wrapping has a well-rounded exterior. The well-pressed tea cake interspersed with intricately-weaved tea leaves of exquisite quality and refinement, where the magnificence fragrance of the tea remains detectable through its thin wrapping. This exquisite pressed tea is blended with a unique mix of varying thickness of grade five to eight new and old teas, of which grades three to four constitute the top layers while the grade five to eight are blended within the interior, with increments of grade seven and eight tea being the most substantial. The quality of the 8582 pu’er Tea Cake is well-documented, making it one of the most coveted mid-age seven-son tea products.