China bans auction of looted cultural relics
China’s cultural relics watchdog has established a regulation banning the auction of stolen, smuggled and looted cultural relics nationwide. The regulation was issued by the State Administration of Cultural Heritage.
Other types of relics that are banned from being auctioned are those that have been legally confiscated by the government, and those belonging to State relics shops, national enterprises, the military and private museums.
The regulation also stipulates that the State Administration of Cultural Heritage retains purchasing priority and the right to set prices for artifacts that do make it to legal auction.
Many internet users have also expressed concern, pointing out that the regulation has no authority in overseas markets, which is where most looted cultural relics end up. (Photo 5)