• A Chinese recycling company spent $75 million on a Michelangelo masterpiece - and is selling shares in it for $10 a piece

    23 days ago - By Business Insider

    A Chinese company which used to focus on recycling has spent $75 million buying a Michelangelo.
    Yulong Eco-Materials, which until recently was focused on recycling bricks and concrete, announced earlier this week that it had bought a depiction of the Crucifixion of Jesus Christ by Michelangelo.
    The company now says it wants to focus on collecting art, abandoning its recycling business.
    It had previously bought a 61,500-carat gem known as the "Millennium Sapphire" in October for around $50 million.
    A Chinese company previously focused on recycling has taken a novel approach to the...
    Read more ...

     

  • A Chinese recycling company spent $75 million on a Michelangelo masterpiece - and is selling shares in it for $10 a piece

    A Chinese recycling company spent $75 million on a Michelangelo masterpiece - and is selling shares in it for $10 a piece

    23 days ago - By Business Insider

    A Chinese company which used to focus on recycling has spent $75 million buying a Michelangelo.
    Yulong Eco-Materials, which until recently was focused on recycling bricks and concrete, announced earlier this week that it had bought a depiction of the Crucifixion of Jesus Christ by Michelangelo.
    The company now says it wants to focus on collecting art, abandoning its recycling business.
    It had previously bought a 61,500-carat gem known as the "Millennium Sapphire" in October for around $50 million.
    A Chinese company previously focused on recycling has taken a novel approach to the...
    Read more ...