You may remember back in July when a Hong Kong based collector used his AMEX Centurion Card to purchase an ancient Chinese ceramic cup for $36 million USD…without even realizing he would earn any points for the purchase…422 million to be exact. Bloomberg reported that:
Liu Yiqian, who used his Centurion Card to pay for the cup from Sotheby’s (BID) Hong Kong, hadn’t even thought about the rewards until he was contacted by Bloomberg News. “He didn’t even know,” his daughter Betty said by telephone, as her father doesn’t speak English. “He is checking now to find out about how many points he can get.” Liu’s daughter said he used his credit card, which is denominated in yuan, because currency restrictions won’t allow him to transfer that much money directly from China to Hong Kong. Individuals are limited to moving $50,000 per year outside the country because of capital controls.
Of course, 422 million Amex points is the equivalent of about 28 million frequent flyer miles depending on your transfer partner. So where’s his first destination on points? ABC GMA reported this morning that his first redemption isn’t all that exciting, it’s a flight to Singapore. He’ll be using 75K AMEX points to fly Singapore Airlines roundtrip in First from Hong Kong.
Hmm, I think the BoardingArea community might need to provide some more creative suggestions!