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March 2, 2009

Chinese bidder won’t pay for YSL statues

Posted at 9:38 pm in Similar cases

Following the contentious auctioning of statues from the collection of Yves Saint Lauren, it now transpires that the winning bidder does not plan on paying for them – but was bidding as a publicity stunt to highlight the plight of the disputed treasures.

From:
The Times

March 2, 2009
Chinese bidder can’t pay, won’t pay for YSL auction statues
Jane Macartney, China Correspondent

A Chinese bidder who said he had bought at auction two looted bronze imperial sculptures once owned by Yves Saint Laurent announced today that he would not – or could not – pay for the treasures.

The two pieces, the head of a rat and the head of a rabbit that were designed by Jesuit priests as part of a 12-head Chinese zodiac fountain for an imperial pleasure palace in the 18th century, were bought for €15,745,000 (£13,977,000) each by a telephone bidder last week.
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