Still not paid for...

December 14 2011

Image of Still not paid for...

Picture: Bainbridge's

The buyer of the $83m vase at Bainbridge's auction still has not paid up. Scott Reyburn in Bloomberg has an interesting article on why some Chinese collectors like to bid big, but pay late (if at all). He concludes with a witty poem doing the rounds at the moment in the trade:

The Chinese bid with verve and skill,

And hence rack up a mighty bill.

“The money’s coming soon” they cry

But oh, my friend, they lie, they lie. 

Notice to "Internet Explorer" Users

You are seeing this notice because you are using Internet Explorer 6.0 (or older version). IE6 is now a deprecated browser which this website no longer supports. To view the Art History News website, you can easily do so by downloading one of the following, freely available browsers:

Once you have upgraded your browser, you can return to this page using the new application, whereupon this notice will have been replaced by the full website and its content.