Chinese bidder of looted sculptures refuses to pay
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| Cai Mingchao, a collection advisor of National Treasures Fund who successfully bid for two looted bronze sculptures auctioned in Paris last week, attends a news conference in Beijing, on March 2, 2009. Cai said on Monday his winning bid will not be paid. Cai bid 31.49 million euros (39.63 million U.S. dollars) by telephone during the auction at Christie's on Feb. 25, Niu Xianfeng, deputy director of the fund, said at a brief press conference Monday. [Xinhua] |
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