The Theft

Last month, a brazen heist took place in Hong Kong, where thieves pilfered a trove of valuable artifacts from the apartment of collector Fu Chunxiao. Among the stolen items was a nine-foot-long calligraphy scroll written by Chinese communist leader Mao Zedong, estimated to be worth $300 million.

The Recovery

Authorities have since recovered the stolen scroll, but not without damage. An unwitting buyer, under the mistaken impression that it was a counterfeit, cut the scroll in half.

The Value of the Scroll

The scroll’s value lies not only in its monetary worth but also in its historical significance. Mao Zedong played an essential role in the formation of modern China, and his handwritten calligraphy is highly prized by collectors.

The Damage

The act of cutting the scroll in half has undoubtedly diminished its value. According to Fu Chunxiao, the damage will “definitely affect its value,” though the full extent of the impact remains to be seen.

The Investigation

Police have arrested three men in connection with the burglary, but at least two suspects remain at large. Investigators are still working to determine whether the buyer who cut the scroll knew of its authenticity and value.

Other Stolen Artifacts

In addition to the Mao Zedong scroll, the thieves also stole ten bronze coins, more than 24,000 stamps, and six other Mao calligraphy scrolls, totaling an estimated $645 million in value. The majority of these items are still missing.

The Significance of the Stamps

Among the stolen stamps is one with an overt reference to the Chinese Communist Party, stating, “The whole country is red.” Another stamp is one of the world’s most valuable, having recently sold at auction for $2 million.

Mao Zedong’s Legacy

Mao Zedong’s political philosophy, grounded in Marxist literature, left a profound impact on China. He initiated disastrous campaigns such as the Great Leap Forward and the bloody Cultural Revolution. He served as chairman of the People’s Republic of China from 1949 until his death in 1976.

Previous Sales of Mao Zedong’s Calligraphy

In 2017, a collection of Mao Zedong’s handwritten notes sold at Sotheby’s for around $910,000—ten times its estimated price. This demonstrates the high value placed on Mao’s calligraphy by collectors.

The Buyer’s Motive

The man who cut the scroll in half reportedly purchased it for just $65. His motive for cutting it remains unclear. Investigators are still determining whether he was aware of the scroll’s true value.

Ongoing Investigation

Police continue to investigate the burglary and the circumstances surrounding the damage to the Mao Zedong scroll. They are working to locate the remaining stolen artifacts and apprehend the outstanding suspects.