No Chinese painting had ever fetched so much at auction, and, by the end of the year, the sale appeared to have global implications, helping China surpass the United States as the world’s biggest art and auction market.Read the NYT story here. And chances are that if you think that you own a real Wifredo Lam, you're in the same boat... cough, cough...
But two years after the auction, Qi Baishi’s masterpiece is still languishing in a warehouse in Beijing. The winning bidder has refused to pay for the piece since doubts were raised about its authenticity.
Tuesday, October 29, 2013
Posted by Lenny at 2:30 AM