Dear Parampathy,

You have a hand painted Chinese lidde tea cup made for export in China. The tea cup is not an antique is made around 1970. The decoration is called famille rose because of the use of pink enamel. There is a great interest in Chinese art and antiques and what you see it that also pieces from the 1950 ties and 1960ties start to raise in price. Still the value is low but the fact it is a tea cup, hand painted and with some age makes it an antique of the near future I believe. All things to do with tea have above average interest in China. The Chinese tea ceremony is as important as it is in Japan. At the moment I would believe the estimate I gave above is fair but I expect this tea cup to have a better price within 10 years.