Cai Mingchao, a collection advisor of National Treasures Fund who successfully bid for two looted bronze sculptures auctioned in Paris last week, attends a news conference in Beijing, on March 2, 2009. Cai said on Monday his winning bid will not be paid. Cai bid 31.49 million euros (US$39.63 million) by telephone during the auction at Christie's on Feb. 25, Niu Xianfeng, deputy director of the fund, said at a brief press conference Monday. [Xinhua]

Cai Mingchao (3rd R), a collection advisor of National Treasures Fund who successfully bid for two looted bronze sculptures auctioned in Paris last week, and Niu Xianfeng (1st L), deputy director of the fund, attend a news conference in Beijing, on March 2, 2009. [Xinhua]