The Chinese Want Their Art Back

Chinese art has become a prized liquid asset for superrich collectors, who, instead of putting their treasures on display, often deposit them in carefully guarded, climate-controlled warehouses. But the media’s emphasis on the white-hot market for contemporary Chinese works overlooks a more interesting story: the effort by the Chinese government, state-run companies, private collectors and even, quite probably, some criminal networks to bring Chinese antiquities back home.

One impetus for this effort is the Communist Party’s embrace of traditional culture as “a foundation for China to compete in the world,” as President Xi Jinping said in October. Having for decades viewed antiquities as relics of feudal oppression and bourgeois decadence, the party now says art can “lead people to live a life abiding by the code of morality,” in that way contributing to social stability. This is a turnabout from the Cultural Revolution (1966-76), when museums were ransacked, and countless antiquities destroyed. Old art is again prestigious; new buyers seek canonical work for the social status, not just potential profit, it confers.