Sotheby's declared war on defaulters

[Тютчев]

Sotheby's declared war on defaulters

Auction Sotheby's sued the two buyers from China, which refused to pay the price that they themselves have proposed for the lots, reported Bloomberg. Representatives of the auction house said that in such a way intended to make clear to the rest of the defaulters, it is no longer going to tolerate failures.
In October 2009, the buyer offered a censer of jewelry enamel Qing Dynasty 800 thousand HK dollars (103 thousand U.S. dollars). Nevertheless, money Sotheby's did not wait, despite repeated reminders and requests. Also, the auctioneers are judged with another bidder who is not paid for five old paintings 1,28 million HK dollars (165 thousand in U.S. currency).

Hong Kong is the third most important area for Sotheby's after New York and London. In February 2009 a scandal erupted around with deadbeat selling collections by Yves Saint Laurent at Christie's. Then the two Chinese bronze images of heads of rats and rabbits had gone under the hammer for 15.75 million euros each. However, the buyer stated that he had no money, and the price he offered to protest against the sale of sculptures, which in the XIX century, was kidnapped from China.

http://www.lenta.ru/news/2010/02/10/nonpayment/
http://artinvestment.ru/news/artnews...o_payment.html