A Chinese art collector has spent A$39 million on a Ming dynasty teacup and pocketed a whopping 422 million American Express points in the process.
Shanghai multi-millionaire Liu Yiqian used his Amex Centurion Card to pay for the 550 year old ceramic cup after placing the winning bid at an auction held by Sotheby's Hong Kong.
Liu swiped his credit card 24 times to make the HK$281.24 million purchase because the system can only handle transactions of up to HK$12 million at a time, said Sotheby's Asia executive Nicolas Chow.
But it seems Liu had his eye only on the porcelain cup, not the points.
"He didn't even know," said his daughter Betty Liu after being contacted by journalists. "He is checking now to find out about how many points he can get."
The answer is a whopping 422 million American Express points. Which, in anybody's language, is a lot of free flights...
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