Joseph Lau was convicted of bribery and money-laundering in Macau in 2014, but avoided a five-year jail term by not travelling there. Photo: handout Joseph Lau was convicted of bribery and money-laundering in Macau in 2014, but avoided a five-year jail term by not travelling there. Photo: handout
Joseph Lau was convicted of bribery and money-laundering in Macau in 2014, but avoided a five-year jail term by not travelling there. Photo: handout

Did fugitive Hong Kong tycoon Joseph Lau just sell a David Hockney painting for US$30 million at Sotheby’s auction?

The Splash, a 1966 canvas, was bought by its ‘current owner’ for just £2.9 million in 2006 – potentially banking Lau an 800 per cent profit

Topic |   Millionaires and billionaires
Joseph Lau was convicted of bribery and money-laundering in Macau in 2014, but avoided a five-year jail term by not travelling there. Photo: handout Joseph Lau was convicted of bribery and money-laundering in Macau in 2014, but avoided a five-year jail term by not travelling there. Photo: handout
Joseph Lau was convicted of bribery and money-laundering in Macau in 2014, but avoided a five-year jail term by not travelling there. Photo: handout
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