Remember that rich Chinese art dealer we told you about who phoned in an extremely large fake bid for YSL’s bronze rat and rabbit because they were plundered goods? It was kind of a Punk’d meets Robin Hood moment, and charming in a way that we didn’t think a Christie’s auction was capable of.
No shocker, according to a report on Bloomberg, such renegade antics don’t pay. “Cai Mingchao, the Chinese art dealer who is refusing to pay for the $40 million Qing bronzes he successfully bid for in the Yves Saint Laurent auction, wept when he realized that his credibility was shot and he may now have to close his business.” He’s 40.
