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I read this but I don’t think all is as it seems. While Amex will not comment, on that amount it’s likely Christie’s and AMEX did a deal on the commission. It is after all good publicity for both of them.
Next, his bookings will be subject to availability and we all know it is very hard to get more than one or two free first class suites on Singapore (let alone other airlines).
However, if all is as it seems, then 3,000 flights at lets say $10,000 average per flight equals a value of $30,000,000 equivalent to a discount on his purchase of 17.5%. Not bad at all!