Exceptional Tibetan Bronze makes Four Times estimate at Hong Kong

An exceptional 17th century rare gilt copper-alloy group of Vajrabhairava and Vajravetali, from the Mark and Peter Dineley Collections of Chinese, Tibetan and Nepalese Buddhist Art sold for HK$11,335,635/US$1.5million/£1million at the Fine Chinese Ceramics and Works of Art sale on 26 November in Hong Kong. This was more than four times the pre-sale estimate of HK$2,500,000-3,500,000.

Bonhams Global Head of Chinese Ceramics and Works of Art, Asaph Hyman, said: "Vajrabhairava is one of the most formidable deities in the Tibetan Buddhist pantheon, and this artistically exceptional and powerfully cast figure is likely to have been made by Newar artists in Tibet. Its superb condition and strong provenance made it very attractive to collectors, and there was fierce bidding in the auction room, online and on the telephones before the hammer eventually fell."

Mark Dineley and his son Peter's remarkable and diverse collection comprised more than 40 gilt-bronze Buddhist figures and ritual and ceremonial objects, spanning from the 16th to the 19th century, which were sold in the Chinese and Asian Art sales in London and Hong Kong.

According to the Dineley family history much of the Chinese, Tibetan and Nepalese art – including the group of Vajrabhairava and Vajravetali – was originally collected in the late 19th/early 20th century by the American lumber baron Henry Harrison Getty, and was later in the collections of the 1st and 2nd Viscounts Tredegar.

Mark Dineley and his son Peter owned and ran Bapty & Co., a firm specialising in supplying arms and armour to the film industry, contributing to films such as A Bridge Too Far, Star Wars, Indiana Jones, Stanley Kubrick's film Barry Lyndon, which won an Oscar in 1975, and Saving Private Ryan.

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