Billionaire Used Amex Card To Buy Masterpiece-For The Airline Points!
Here’s a guy after my Mad Scientist Miles Chasing Husband’s Heart.
Chinese billionaire Liu Yiqian recently sent tongues wagging in the art world when he bought Armedo Modigliani’s masterpiece, “Reclining Nude” at auction for a whopping $170 million!
That’s the second highest price ever paid for a piece of art at auction.
Chinese billionaire Liu YIqian was once a taxi driver. He still has his street smarts-using his Amex card to buy a $170 million work of art just to get the airline points.
The New York Times reports Yiqian is clearly playing in the arena of the mega-rich. He and his wife are major art collectors who display their collection at two different art museums in Shanghai.
The part I love and my husband will flip for–Yiqian’s wife, Wang Wei, says her husband paid for the masterpiece with his American Express card. His Amex Centurion card, to be specific.
The Amex Centurion or “Black Card.” You have to be invited to apply, pay a one-time $7,500 initiation fee, $2,500 annual fee. Amex expects you to use it to make at least $250,000 in purchases every year.
The New York Post did the math–the purchase will earn Yiqian 422 million Amex points which can be converted to 28 million frequent flyer points.
All that and this masterpiece.
I don’t know about you, but I know my crazy husband will appreciate the miles play more than the painting.
The masterpiece: Armedo Madigliani’s “Reclining Nude.” It will soon hang at The Long Museum in Shanghai.
