Stolen Mao scroll ‘value hundreds of thousands’ discovered reduce in half

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A stolen calligraphy scroll stated to be value hundreds of thousands has been present in Hong Kong, after it was reduce in half.

Thieves had stolen the scroll by Chinese communist chief Mao Zedong from an artwork collector’s house in a housebreaking final month.

They then offered it at a fraction of its worth. It was apparently reduce up as the two.8m-long (9ft) scroll was deemed too lengthy to show, stated Hong Kong police.

The unique proprietor says the paintings’s worth has been “positively affected”.

The scroll comprises stanzas of poetry handwritten by the founding father of the People’s Republic of China. Its proprietor has claimed it’s estimated to be value round $300m (£230m), although it’s not recognized how the valuation was obtained.

Massive heist

The scroll was stolen in a large heist on 10 September, when three males broke into the house of Fu Chunxiao, a widely known collector of stamps and revolutionary artwork.

They additionally made off with vintage stamps, copper cash and different items of calligraphy by Mao. The whole haul was value HK$5bn ($645m; £500m) in response to Mr Fu, who was reportedly in mainland China when the housebreaking happened.

The thieves offered one of many items to a different artwork collector for simply HK$500 ($64; £50) to a purchaser who, in response to The South China Morning Post, believed the paintings was a faux.

The purchaser then noticed a public attraction by police, and surrendered himself with each items of the scroll on 22 September.

It is unclear who precisely had reduce the paintings. Senior superintendent Tony Ho of the Hong Kong police stated: “Someone thought the calligraphy was too lengthy… and tough to indicate and show. That’s why it was reduce in half.”

“It was heartbreaking to see it’s torn into two items,” Mr Fu advised the Post. “It will certainly have an effect on its worth however the affect stays to be seen.”

In 2019, a calligraphic autograph letter written by Mao Zedong was auctioned off by Sotheby’s for £519,000.

Police later arrested the 49-year-old purchaser on suspicion of dealing with stolen property, although he has now been launched on bail.

One suspected burglar has additionally been arrested, however the different two burglars who broke into Mr Fu’s house nonetheless stay at giant.

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