Away with the pharaohs Surely the owner of Christie's can't have paid 500,000 for an ancient Egyptian statue actually made 80 years ago?

From: Evening Standard - London | Date: February 26, 2001| Author: SUSAN MOORE | Copyright information

IT seems that the law of caveat emptor applies even to owners of auction houses. Christie's French owner, Francois Pinault, finds himself in the unhappy position of having paid around 500,000 at an auction in Paris for a statue of the Pharaoh Sesostris III which he now believes not to have been made during the pharaoh's reign in the 12th Dynasty, around 1837-1818 BC, but nearer to 1920 - AD! Worse still, a Paris court has refused his request to revoke the sale, and has ordered him to pay cost...

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