In China, Sotheby's to pursue legal action for non-payments
- February 10, 2010 18:25
Sotheby's is suing two Chinese buyers for $270,300 because they never paid the tabs they bid up. According to Sotheby's, one winning bidder of a Qing Dynasty cloisonné censer and cover didn't pony up the cash required, "despite repeated requests and demands." With Hong Kong now the third largest art market in the world (after New York and London), the message will reach a pretty broad audience.
100x100_c.jpg "TEFAF Maastricht")
![Peter Paul Rubens (Flemish, 1577–1640), After Titian (Tiziano Vecelli) (Italian [Venetian], c. 1488–1576), Rape of Europa, 1628–29. Oil on canvas, 71 7/8 x 79 3/8 in.](/images/c/e2/2e/Jan20_Rape_of_Europa100x100_c.jpg "Peter Paul Rubens (Flemish, 1577–1640), After Titian (Tiziano Vecelli) (Italian [Venetian], c. 1488–1576), Rape of Europa, 1628–29. Oil on canvas, 71 7/8 x 79 3/8 in.")
