The Balclis Auction House opened the auction with the hat priced under EUR600, but intense bidding drove the price to 1,200 times this figure, and ultimately went to an anonymous Vietnamese collector. The bidder is reportedly a businessman infatuated with Hue, who plans to eventually donate the historical cap to the city.
Few details related to the hat are available, with Balclis' listing simply describing the item as a "Vietnamese Mandarin cap from the Nguyen Dynasty, late 19th century-early 20th century."
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