Yang Yin trial: 'US$500,000 painting? It's a fake worth US$200'

A painting which Yang Yin claimed he had bought for US$500,000 was dismissed by an art expert yesterday as nothing more than a cheap fake that would have cost US$200 in a night market.

Madam Lim Sew Yong, chairman of Raffles Fine Arts Auctioneers, also rubbished a set of five other paintings the former tour guide from China said he had bought on behalf of a widow for US$600,000.

Madam Lim valued them at US$2,000 to US$3,000 altogether, and told the court that it would be “stupid” for anyone to pay much more.