Using your credit card to buy a multimillion-dollar painting to collect Amex points? Priceless.
Chinese billionaire Liu Yiqian used his American Express card to buy Modigliani’s “Reclining Nude” at auction for $170 million on Nov. 9, according to reports.
Amedeo Modigliani’s “Reclining Nude”APHe’ll use the points to fly himself and his family around the globe for free, his wife told the New York Times.
And it’s not the first time the billionaire has slapped an extravagant piece of artwork on his plastic.
In 2014, Liu used his Amex Centurion card to buy an ancient ceramic cup for $36 million.
That purchase earned him 422 million American Express points, which can be converted to more than 28 million frequent flyer miles — or about $180,000 worth of vouchers at Hong Kong retailer ParknShop, according to Bloomberg News.
