A Storm in a Chicken Cup: A Burgeoning Market
SOTHEBY’S HAS A US$1.6 million dollar limit per credit card transaction. So it took the Shanghainese billionaire Liu Yiqian 刘益谦 twenty-four swipes of his Amex card to purchase one of the most sought-after pieces of Chinese porcelain in the world: a Ming-dynasty teacup decorated with a delicate painting of chickens. While the payment was going through at the auction house in Hong Kong in late July 2014, Liu picked up the US$36 million cup, poured some tea into it and took a sip. The photo of...[Show more]
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