Sotheby’s sues Chinese buyers for ‘non-payment’ – China News

www.ft.com — Sotheby’s is suing two mainland Chinese buyers for HK$2.1m ($270,000) in Hong Kong after they allegedly failed to pay for five Chinese paintings and an antique incense burner that they won at auctions last October. The disputes highlight a challenge for Sotheby’s, which is increasing its dealings with less experienced buyers from new markets such as China, who are not familiar with international bidding rules. [email protected] pass-loveme

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