A Chinese billionaire who's been buying classic Chinese art works at auction is not likely ever to run out of loyalty awards; he's racked up over 80 million American Express Membership Rewards points in the past few months using his card to buy two works at auction for—$45 million for a 15th-century Tibetan embroidery and $36 million for an ancient Chinese ceramic known as the Chicken Cup.
And yes, as reported by Bloomberg News in the Vancouver Sun, he did use the points to pay for flights and hotels as he and his family traveled to pick up their acquisitions. MORE
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