Rare Buddhist item fails to sell at Shrewsbury auction

The statue
Image caption The figure came from a private collection

A rare Buddhist figure expected to reach £40,000 at auction has failed to meet its reserve, auctioneers say.

The 29cm (11.4 inches) statue was made in China for a Tibetan official or in Tibet for a Chinese official, Halls auctioneers in Shrewsbury had said.

It is only the third time in 10 years such a piece has come up for auction in the UK, he added.

Despite interest from bidders in China and London it did not reach the £20,000 reserve.

Halls Art Director Jeremy Lamond said he still hoped to sell the figure of Avalokitesvara, which means "Lord who looks down".

The figure came from a private collection, he added.

More on this story

Related Internet links

The BBC is not responsible for the content of external Internet sites