The note came to us amongst several other Chinese banknotes which are without attribution in many catalogs as well. This particular piece caught my eye and seemed to be something quite special. The note fell as lot 24630 within session five of the paper money catalog that concluded the three catalog event. Immediate notice of the item during lot viewing led to it became increasingly a hot topic among sophisticated collectors. Many remarks about high rarity were made and the buzz about the note seemed to grow exponentially prior to the auction. The lot opened for bidding at 8:33 PM HKT April fourth for $700 against a $300 to $500 estimate. The packed auction room of roughly 80 attendees quickly engaged in bidding bringing the note soaring past $10,000. Bidding continued for two minutes with a floor bidder ultimately claiming the prize note for a final price of $29,875 which includes the 19.5% buyer’s premium charged on all sold lots. This remarkable sum proves how eager advanced collectors of Chinese paper money are for truly rare material.