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CHINA> National
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Chinese bidder of looted sculptures refuses to pay
(Xinhua)
Updated: 2009-03-02 13:21  Cai Mingchao, the Chinese man who was the winning bidder for two bronze sculptures at a Paris auction last week, attends a news conference in Beijing, March 2, 2009. Cai, an adviser to the National Treasures Fund that seeks to retrieve looted treasures, said on Monday that he would not pay for the controversial treasures looted from Beijing. The two sculptures, heads of a rat and a rabbit, were sold for 15 million euros each ($20 million) to Cai through telephone during the auction. [Xinhua]
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