A huge amount of fraudulent fraud revealed a secret: Five top appraisers, including the former dean of the National Palace Museum (Weibo) Museum, made an assessment of the sky-high price of 24 billion yuan for the fraudulent self-made “Jinyu Jade Clothingâ€. The two leaders of CCB believe in the economic strength of fraudsters and found that after being defrauded for more than 600 million yuan, they not only failed to report the crime, but also continued to provide more than 4 billion yuan in funds for their violations, resulting in a final loss of more than 540 million yuan. (September 5, Legal Evening News (Weibo))
In recent years, the art auction market has experienced a lot of prices, and billions of dollars have become the focus of the market. However, along with this upsurge, the appraisal team was mixed, leading to the flying of identification certificates. The criminals who manufacture and sell counterfeit goods are fearless. The majority of collectors suffer from it. The art appraisal market is experiencing a “confidence crisisâ€. At this year’s “3·15†party, the “dark curtain†of art appraisal was unveiled: As long as the appraisal fee is given, ordinary porcelain with low prices can be transformed into valuable baby.
Compared to these false “experts†who defrauded the appraisal fees, the assessments made by true experts who have a certain prestige in the collection market are even more damaging. Especially with the exchanges, arts and crafts, art trusts, and art wealth management products appearing in the auction market, the financialization of art has become a trend in the market. The chaos of the identification of the art market will undoubtedly lead to financial security. In addition to fraudulent loans, false identification of financialized works of art will undoubtedly expose every investor to investment risks.
"The process is not compliant," and one expert who participated in the appraisal of "Jinyu Jade Clothing" "underplays" them because their appraisal does not have legal effect and therefore they will not assume legal responsibility. At present, China does not have laws and regulations that specifically regulate market identification, nor does it have special administrative departments that regulate market identification. This is undoubtedly an important reason that leads to the identification of market chaos. To really change the current chaos of the identification of works of art, the law cannot be absent. It is proposed to introduce a law on the appraisal of works of art. With related laws and regulations, who will identify, what is counterfeit, and what is authentic, there will be clear basis for the people and collectors to not be fooled.
In recent years, the art auction market has experienced a lot of prices, and billions of dollars have become the focus of the market. However, along with this upsurge, the appraisal team was mixed, leading to the flying of identification certificates. The criminals who manufacture and sell counterfeit goods are fearless. The majority of collectors suffer from it. The art appraisal market is experiencing a “confidence crisisâ€. At this year’s “3·15†party, the “dark curtain†of art appraisal was unveiled: As long as the appraisal fee is given, ordinary porcelain with low prices can be transformed into valuable baby.
Compared to these false “experts†who defrauded the appraisal fees, the assessments made by true experts who have a certain prestige in the collection market are even more damaging. Especially with the exchanges, arts and crafts, art trusts, and art wealth management products appearing in the auction market, the financialization of art has become a trend in the market. The chaos of the identification of the art market will undoubtedly lead to financial security. In addition to fraudulent loans, false identification of financialized works of art will undoubtedly expose every investor to investment risks.
"The process is not compliant," and one expert who participated in the appraisal of "Jinyu Jade Clothing" "underplays" them because their appraisal does not have legal effect and therefore they will not assume legal responsibility. At present, China does not have laws and regulations that specifically regulate market identification, nor does it have special administrative departments that regulate market identification. This is undoubtedly an important reason that leads to the identification of market chaos. To really change the current chaos of the identification of works of art, the law cannot be absent. It is proposed to introduce a law on the appraisal of works of art. With related laws and regulations, who will identify, what is counterfeit, and what is authentic, there will be clear basis for the people and collectors to not be fooled.
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