A Las Vegas casino owner has paid over $10 million for a Ming dynasty vase at auction.

Steve Wynn, owner of the casino and resort-group that bears his name, forked out HK$78,500,000 at Christies in Hong Kong and immediately donated it to a Macau museum.

He has now set the highest ever price paid for a Chinese ceramic, near double the previous record.

Already thought by some to pay over the odds for artwork, Wynn has previously spent $25 million on Picasso and Cezanne pieces in just one day.

The same vase had previously been auctioned for $2.8 million just nine years ago.

It will now rest in Macau, which is where Wynn is building his latest resort.

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