Chinese work of Art goes Unpaid

 "The most expensive Chinese work of art at auction is still not paid for, more than a year after it was bid to 51.6 million pounds ($83 million).


The elaborately decorated Qing-dynasty porcelain vase had been found in a routine house clearance and was included in a sale of antiques on Nov. 11, 2010, by Bainbridges of west London. Its price was more than 50 times the presale estimate and the auction house ceased to comment after several months passed without payment.


"The vase hasn't been paid for," a dealer with knowledge of the matter said in an interview. "Though some money has changed hands, it doesn't look as if payment is imminent." Read More

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