SHANGHAI: China’s richest man is under fire after his company spent US$28mil (RM89.5mil) on a painting by the Spanish artist Pablo Picasso, with people questioning the extravagant purchase and his patriotism.
Tycoon Wang Jianlin’s Wanda Group bought the 1950 painting Claude and Paloma, depicting Picasso’s two youngest children, at auction last week for more than double the high estimate of US$12mil (RM38.3mil).
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!