SHANGHAI: China’s richest man is under fire after his company spent $28 million on a painting by the Spanish artist Pablo Picasso, with people questioning the extravagant purchase and his patriotism.

Tycoon Wang Jianlin’s Wanda Group bought the 1950 painting “Claude and Paloma”, depicting Picasso’s two youngest children, at auction last week for more than double the high estimate of $12 million. “With that money, how many sick people could receive treatment? Why not give something back to society first?” said one person posting on China’s hugely popular microblogs, adding: “China’s nouveau riche are short of nothing except conscience.” The manager of Wanda Group’s corporate art collection defended the purchase, the Global Times newspaper reported Monday.–AFP