Posted on 10/07/2020 7:48:47 AM PDT by DUMBGRUNT
A police insider said the buyer of the stolen artwork paid just HK$500 for the piece and believed it was a counterfeit Meanwhile, one of three burglars involved in the heist has been arrested along with a friend after a raid on a Yau Ma Tei residence
A calligraphy scroll by Mao Zedong said to be worth HK$2.3 billion part of a haul stolen last month from the Hong Kong flat of a renowned collector was torn into two pieces after being resold for a few hundred dollars to a man who thought it was a counterfeit, the Post has learned.
When asked why the artwork was cut into two pieces, Senior Superintendent Tony Ho Chun-tung of the Organised Crime and Triad Bureau, said: Someone thought the calligraphy was too long 2.8 metres in length and it was difficult to show and display it. Thats why it was cut half" When asked why the artwork was cut into two pieces, Senior Superintendent Tony Ho Chun-tung of the Organised Crime and Triad Bureau, said: Someone thought the calligraphy was too long 2.8 metres in length and it was difficult to show and display it. Thats why it was cut half
(Excerpt) Read more at scmp.com ...
Usually high value art is kept in a controlled environment, not a low rent high rise?
For the dumb-dumb? Prison will be the least of his many problems.
Well, now there are TWO!...................
In USD:
“The burglars took 24,000 Chinese postage stamps, 10 coins and seven calligraphy scrolls from Fus apartment, where he stored his collections. Fu estimated that the Mao calligraphy was worth about $300 million and that the theft totaled about $645 million. No independent appraisals of the collections were available.”
https://wtop.com/asia/2020/10/stolen-mao-calligraphy-worth-millions-found-cut-in-half/
Anything this emulator of Hitler has written should be torn and burned.
I still like the old spelling. Mao tse Tung
Obamao
Well, now there are TWO!...
OH MY!
That was good!!!
And quick too.
It’s like a STOCK SPLIT!......................
Hong Kong dollar is worth $0.13. So, billions there. Not as much here.
Any record of Mao that is removed from the world is a net gain in my mind.
I feel much the same way.
:-)
Anything this emulator of Hitler has written should be torn and burned.Yeah, I have been wondering if any Hitler paintings would be “worth” billions as well…
A billion here, a billion there, pretty soon you’re talking about a cab fare..............
“I still like the old spelling. Mao tse Tung”
Still don’t have it right, FRiend.
The correct spelling is: Mousie Dung.
When did it change?
Its like a STOCK SPLIT!...
Yes, a two for one.
Like Musk and Tesla, the board of directors wanted to increase the number of shares.
Double your pleasure , double your fun...
and my gut is split from laughing!
It sounds like they could just tape it back together, right?
Ive got a historic painting of Jesus that needs some restoration. Perhaps this guy could help
2,300,000,000 HKD to USD = 296,758,921.73 US Dollars
$300 million is nothing to sneeze at.
The actual amount works out to about $245,000,000 (245 million) in US dollars. A sizable stack of cash.
There's a lady in Spain that does it for free.................
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