A STORM IN A CHICKEN CUP: A BURGEONING MARKET

SOTHEBY’S HAS A US$1.6 million dollar limit per credit card transaction. So it took the Shanghainese billionaire Liu Yiqian 刘益谦 twenty-four swipes of his Amex card to purchase one of the most sought-after pieces of Chinese porcelain in the world: a Ming-dynasty teacup decorated with a delicate paint...

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Bibliographische Detailangaben
1. Verfasser:	Olivier Krischer
Format:	Buchkapitel
Sprache:	eng
Schlagworte:	Art dealing Art genres and movements Art history Art periods Arts Arts participation Asian art Auctions Behavioral sciences Chinese art East Asian art Economic disciplines Economics Financial economics Financial markets Market mechanisms Modern art Prestige Psychology Regional arts Reputation Social perception Social psychology Visual arts
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Zusammenfassung:	SOTHEBY’S HAS A US$1.6 million dollar limit per credit card transaction. So it took the Shanghainese billionaire Liu Yiqian 刘益谦 twenty-four swipes of his Amex card to purchase one of the most sought-after pieces of Chinese porcelain in the world: a Ming-dynasty teacup decorated with a delicate painting of chickens. While the payment was going through at the auction house in Hong Kong in late July 2014, Liu picked up the US$36 million cup, poured some tea into it and took a sip. The photo of him drinking from the cup ignited a storm of criticism in China, where he