The throne, made of rosewood and inlaid with gold and a floral pattern, was owned by philanthropist Li Chunping.
It took him three years to buy the throne from a descendant of a royal highness of the Qing Dynasty in Tianjin.
Li said the final price was lower than he expected and that the throne will have a higher value after two or three years.
A buyer from Beijing bought the throne after three rounds of bidding.
Source: China Org [January 13, 2015]