China is getting serious about cracking down on abuses in the art market. One of the government’s official outlets has this story railing against corrupt officials who peddle their works of calligraphy to disguise bribes:
Hu Zhangqing, former deputy governor of southeast Jiangxi Province, was executed in March 2000 on a charge of corruption. In 1998, Hu’s works of calligraphy were sold in the price range between 3,000 yuan and 6,000 yuan (about US$480 to US$961). One of his calligraphy works even had a price tag of 90,000 yuan (about US$14,425), reported state-run People’s Daily on October 2014.
In 2010, during the trial of Wen Qiang, former deputy chief of police in Chongqing in the southwest, one of the biggest debates was over the authenticity of one of the paintings in his possession—said to be the work of Zhang Daqian, considered one of the extraordinary Chinese artists of the twentieth century. If it were authentic, the painting would fetch a market price of 3.64 million yuan (about US$583 thousand)...MORE
Wednesday, January 28, 2015
"China Cracks Down on Using Art for Corruption"
From Art Market Monitor: