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Rhino Horn Sold For $228,000 At Vancouver Auction

Rhino Horn Sold For $228,000 At Vancouver Auction

A rhinoceros horn from the 19th century up for auction sold for $228,000 at Maynard’s in Vancouver.

The estimated selling price was around the $20,000 mark but a bidding war between four bidders resulted in it going for more than 10x the estimate.

Maynard’s believes the Asian bidders and winner will grind it up into powder. Rhino horn powder is an ingredient in traditional Chinese medicine for fevers, toxins and poisons. It’s also believed to be an aphrodisiac. An international ban on selling modern rhino horns has also raised their value.

Rhinos are classified as an endangered species so the sale of rhino horns has been banned across Canada since 1975. But sellers that can prove the horn in their possession is older than that are allowed to sell it.

This particular horn came from an estate on Bowen Island in which the family could show an ownership trail going back a few generations making it eligible to be sold.

 

 

Written by: Amar Mirchandani @amarmirch

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