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Many people are buying fakes and not paying

Posted By: Mike
Posted Date: Feb 06, 2014 (01:05 PM)

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Just because something sells for a lot of money doesnt mean its worth a lot of money. Example - last several auctions I've been to have had tons of fakes that sold for a lot of money. Many foreign dealers, you know which group, bid to win everything and often only pay for what they want or pay for nothing at all.

After they win an item, they have an "expert" check it out and that determines whether they will pay. Many have no knowledge of what constitutes an authentic piece of Chinese art. And many rich are buying simply what they like because they can afford it.

The sad part is that thousands of people are getting charged higher prices because of bidders who arent serious and that many dealers/buyers are getting screwed because of the market conditions.

IMO good nephrite has fluid clouds and not white dandruff-like specs. Good nephrite should be white, whitish grey, grey, or clearish white - not greenish white. When I think on the minty side of color - I think jadeite and these are not jadeite.
Also, the level of polishing on these is subpar, rough edges, no detail on the underside of the shoes, etc.

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