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Sotheby's Hong Kong to auction relic looted from Beijing's Summer Palace

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By Min Lee
HONG KONG (AP) - Sotheby's will auction a bronze horse head that French troops stole from Beijing's imperial Summer Palace in 1860 and the auction house said Wednesday it expects the piece to fetch more than 60 million Hong Kong dollars (US$7.7 million).

The current owner, an unidentified Taiwanese collector, paid around 200,000 British pounds (US$400,000) for the bronze relic in 1989 at a Sotheby's auction in London, said Nicolas Chow, Sotheby's chief of Chinese Ceramics and Works of Art.

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