Meet the art collector whose cup runneth over…
Liu Yiqian, who bought an ancient Chinese cup for a record HK$281m (£19.6m) in April, has received an unexpected bonus: nearly 422 million American Express points. Mr Liu used his Centurion Card to purchase the cup from Sotheby’s Hong Kong at auction. His card was swiped 24 times because the system can only process HK$12m at a time, said Nicolas Chow, deputy chairman of Sotheby’s Asia.
What can 421,860,000 American Express points get you?
Mr Liu, who was born in 1963 to a working class family in Shanghai, hadn’t thought about the rewards until he was contacted by Bloomberg News, his daughter Betty said. The points can be converted into more than 28 million frequent flyer miles, according to the American Express website.
He’ll have a nice cuppa to come home to after all that jetsetting...
The cup, which dates from the Chenghua era (1465-1487), is nicknamed the “Chicken Cup” for its depiction of a rooster, hen and chicks, an allegorical representation of the emperor, empress and his subjects. It is 8.2cm wide and was made using the doucai method of fashioning porcelain that began during the Ming Dynasty. “There’s no more legendary object in the history of Chinese porcelain,” Mr Chow said. “This is really the holy grail when it comes to Chinese art.”
Shame Mr Liu couldn’t get a teapot to match.
He has plenty of cash at his disposal should one become available. Mr Liu dropped out of school aged 14 to help his mother with her handbag business before going on to make a fortune through real estate and pharmaceuticals. Forbes estimates his wealth at £538m, making him the 200th richest person in China.
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