Pensioner Discovers Ancient Rare Jade Worth £3 Million – NOT

Pensioner Discovers Ancient Rare Jade Worth £3 Million - NOT

I was lost for words when I read this story in a UK national paper, more than anything I was embarrassed for the Asian Art Expert that actually fronted this story.

I dont know why a journalist would even consider publishing this story without first researching the facts, I think they call it due diligence. Glorying a story sells papers I suppose.

The story: An Indian gem dealer that emigrated to England in the 1960s left a chest of treasures when he died aged 96 in 2012.

His 66 year old son was going through his fathers possessions when he came across the tiny jade piece and was apparently stunned when Asian Art Expert expert at Halls Auctioneers in Shrewsbury told the owner the piece was worth 2 to 3 million UK pounds.

Pensioner Discovers Ancient Rare Jade Worth £3 Million - NOT

Research into the piece has led the owner to believe the piece was stolen from grave robbers in China during the 1950s and smuggled out of China.

The London School of Oriental and Asian Studies also believes it may have originated from South West China.

My Opinion:

  • First off, there is only a handful of people in the world that would know if this piece was genuine or not, no London auction Asian art expert, no provincial auction Asian art expert would know if this piece was right or not.
  • Secondly the piece would need to go through several scientific test to prove its age.
  • Thirdly, the Chinese RARELY EVER buy pieces from tombs, they are considered bad luck, so only God knows where the 3 million estimate comes from.
  • Fourthly, even if it turns out the piece is genuine its worth no more than five figures.

There are many better pieces listed on Sothebys and Christies websites from the Liangzhu Culture (3,300 to 2,250 BC) dating back to the Neolithic Period that have sold within the five figure range.

Words fail me…

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