L&H Auction Concluded Its Autumn Sale 2022 on November 22 Setting New Record

L&H Auction, the pioneering international premium pu’er tea auction house, concluded its Autumn Sale 2022 on November 2022. 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 'Gam San Lau' Red Mark Pu-Er Tea Cake Without Wrapping, Circa 1950s sold for a hammer price of HKD 3.45 million at a new record price in the market. Teas from the 1980s also achieved impressive results – a Stack of 8582 Pu-er Tea Cake in Thick Wrapping, Circa 1980s was sold for a hammer price of HKD 1 million, and a stack of 88 Pu-er Tea Cake, Circa Late 1680s was sold for a hammer price of HKD 92 thousand.  

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.  The highlight of this season, a Stack of ‘Gam San Lau’ Red Mark Pu-er Tea Cake Without Wrapping, was sold for a hammer price of HKD3.45 million above the high estimate. The price was a new high for ‘Gam San Lau’ Pu-er Tea Cake, and set the most expensive auction record so far.

We are also 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 variety 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 do not include buyer’s premium

Sales Highlights

LOT 121

A Stack Of 'Gam San Lau' Red Mark Pu-Er Tea Cake Without Wrapping, Circa 1950S

Estimate: HKD 1,800,000 - 3,000,000

Hammer Price: HKD 3,450,000

LOT 125

Two Pieces Of Blue Mark Pu-Er Tea Cake, Circa 1950S

Hammer Price: HKD 940,000

LOT 127

Blue Mark Pu-Er Tea Cake, Circa 1950S

Hammer Price: HKD 420,000

LOT 163

A Stack Of Yellow Mark Pu-Er Tea Cake, Circa Mid 1970S

Hammer Price: HKD 1,000,000

LOT 131

A Bag Of Pu-Er Tea, Circa 1960S

落槌價: HKD 750,000

LOT 132

A Stack Of 8582 Pu-Er Tea Cake In Thick Wrapping, Circa 1980S

Hammer Price: HKD 1,000,000

LOT 135

Seven Pieces Of 8582 Pu-Er Tea Cake In Thick Wrapping, Circa 1980S 

Hammer Price: HKD 950,000

LOT 188

A Stack Of 8582 Pu-Er Tea Cake In Thick Wrapping, Circa 1980S

Hammer Price: HKD 950,000

LOT 111

Two Stacks Of Pu-Er Tea Cake, 1996 

Hammer Price: HKD 580,000

LOT 180

Fourteen Pieces Of Pu-Er Tea Cake, 1997

Hammer Price: HKD 940,000

LOT 114

A Stack Of 8592 Pu-Er Tea Cake In Thick Wrapping, Circa 1980S

Hammer Price：HKD 100,000

LOT 141

A Box Of Old White Tea, Circa 1990S 

Hammer Price：HKD 300,000

LOT 150

Ten Pieces Of Pu-Er Tea Bricks, Circa 1970S 

Hammer Price：HKD 300,000

LOT 151

Four Pieces Of 73 Jujube-Aroma Tea Brick, Circa Mid 1960S 

Hammer Price：HKD 160,000

LOT 516

Dried Tangerine Peel, Circa 1959

Hammer Price：HKD 140,000

LOT 518

Dried Tangerine Peel, Circa 1955 

Hammer Price：HKD 120,000