Chinese man compensated for auction fraudJuly 26th, 2012 - 12:08 am ICT by IANS
Beijing, July 25 (IANS) A man who was cheated by an auction company when he tried to sell his rare calligraphy collection to raise money for his daughter’s treatment has won 100,000 yuan (about $15,600) in compensation.
The Songjiang District People’s Court ruled that the Shanghai company, whose name was not revealed, must pay the reserve price for the items as per the contract, the Shanghai Daily reported Wednesday.
The company claimed that Zhao’s treasures were fake and sold the 20 pieces of his calligraphy collection for just 2,000 yuan.
He said he contacted the company to sell the works in September 2010 after his daughter was diagnosed with a brain disease.
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