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Collector gets 422 million AmEx (China) points wth Chenghua era cup purchase
http://www.bloomberg.com/news/2014-0...llion-cup.html
He didn't even know he got 421,860,000 AmEx points.... |
Originally Posted by nopoints
(Post 23217972)
He didn't even know he got 421,860,000 AmEx points....
http://www.americanexpress.com/hk/en...tr.shtml#Flyer |
amazing.
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According to forbes, networth of 900m...so..
Damn! |
Originally Posted by FTcadence
(Post 23218974)
Liu Yiqian isn't a miles/points collector. He's a fine porcelain collector who just happened to swipe his Amex card after making the winning bid in an auction for an ancient Chinese ceramic cup. That winning bid was HK$281 million (US$36 million) which netted him 421,860,000 AmEx MRs.
He swiped it 5 times... |
Originally Posted by f0xx
(Post 23219662)
He didn't "just happen to swipe his AMEX"
He swiped it 5 times... Either way. WOW. |
Must have a nice credit limit!
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Originally Posted by rcheneyjr
(Post 23219812)
Must have a nice credit limit!
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Originally Posted by mia
(Post 23218158)
It appears that Membership Rewards (Hong Kong) transfer 15:1 to airlines.
http://www.americanexpress.com/hk/en...tr.shtml#Flyer |
Originally Posted by danhunterpost
(Post 23219753)
Was it 5 times? The article said he had to sign 12 receipts...
Either way. WOW.
Originally Posted by rcheneyjr
(Post 23219812)
Must have a nice credit limit!
Originally Posted by glennaa11
(Post 23219835)
likely a charge card, so no limit
Though I don't know if it's the China or HK version. |
Originally Posted by glennaa11
(Post 23219835)
likely a charge card, so no limit
Originally Posted by f0xx
(Post 23219881)
The terminal wouldn't allow the full price to go through. Had to break it up.
AMEX Centurion. Though I don't know if it's the China or HK version. article mentions that the card he used is denominated in Yuan and that there are capital controls the limit the amounts of money transferred out of the country. my guess is that the card was a PRC, not HKG, issued card. |
Originally Posted by BenSenise
(Post 23219968)
article said that transactions were limited to 12M HKD, thus the need to process multiple transactions.
article mentions that the card he used is denominated in Yuan and that there are capital controls the limit the amounts of money transferred out of the country. my guess is that the card was a PRC, not HKG, issued card. Liu, who drank Chinese tea from the cup shortly before he paid for it, had to sign 24 separate AmEx receipts because the system can only swipe transactions of up to HK$12 million at a time, said Nicolas Chow, head of Chinese ceramics and works of art and deputy chairman of Sotheby’s Asia. |
can we at least agree to assume this guy either has a private plane or flies private jet and that he didn't buy the 35m flower vase/cup/coffee mug for the MR points?
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Originally Posted by doug68
(Post 23220327)
can we at least agree to assume this guy either has a private plane or flies private jet and that he didn't buy the 35m flower vase/cup/coffee mug for the MR points?
That ceramic cup will probably have some crazy appreciation in the next 10-20 years. I don't know who this guy is, but I'm assuming his fortune is self-made (ie not inherited), since he's a Chinese national. You don't earn 900M by making bad financial decisions... |
The bar has been set. Your move flyertalk.
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