noun
fine article; masterpiece; excellent item
Refers to an item of outstanding quality, often in the context of art, crafts, antiques, or luxury goods. Can also be used more broadly for any notably excellent product.
この茶碗は江戸時代の名品です。
This tea bowl is a masterpiece from the Edo period.
彼のコレクションには世界中の名品が揃っている。
His collection includes fine articles from all over the world.
Compound of 名 (めい, 'famous, excellent') and 品 (ひん, 'article, goods'). The straightforward kanji combination yields the meaning 'excellent article'.