China's $13 Billion Art Fraud -- And What It Means For You

China's $13 Billion Art Fraud
A Christie's employee poses with a pair of 1723-1735 yellow and green-glazed 'Boys' bowl on display at the auction house in London, Friday, Nov. 4, 2011. The pair of bowl is to be auctioned in Fine Chinese Ceramics and Works of Art sale on Nov. 8. . (AP Photo/Sang Tan)
A Christie's employee poses with a pair of 1723-1735 yellow and green-glazed 'Boys' bowl on display at the auction house in London, Friday, Nov. 4, 2011. The pair of bowl is to be auctioned in Fine Chinese Ceramics and Works of Art sale on Nov. 8. . (AP Photo/Sang Tan)

If you pay attention either to China or the art market, you’ve probably heard the story: China last year became – according to art industry experts – the world’s largest market for art and antiques, surpassing the USA.

Well, here’s a shocker: it isn’t. Not even close.

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