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America’s Best Estate Plans
The Weng Estate
Elizabeth Harris
08/01/2007

Having the collection safely back in his possession changed his life. Weng devoted himself to learning all he could about Chinese art. He studied the New York Public Library’s extensive collection of books on the subject. He wrote art history books, one of which received the China Book Prize, the country’s top publishing award, and edited eight volumes of his ancestor Weng Tonghe’s papers.

Only on very rare occasions has Weng sold pieces. He bought 22 acres in rural New Hampshire in 1978 and built a home with proceeds from the sale of a Ming-period painting. In 2000, he sold his ancestors’ books to the Shanghai Library for $4.5 million. He felt that the book collection should return to China so that scholars could make use of it. He also reclaimed ownership of his ancestral home and donated it to the Changshu municipal government. The home, where the courtyards date back to the Ming period, was named a provincial cultural monument, and its main hall, Caiyitang, a national cultural property. All of this follows Weng’s desire to keep his family history alive. He is adamant about not selling his art piece by piece to private collectors, especially the best works.

"The major items, which we consider as part of the heritage, should go into the right places," Weng says. "That is very important to me, because we are only temporary keepers. You have no right to let it be spoiled or lost and so forth . . . it is hard to give it up, but then you have to be very realistic."

Elizabeth Harris is a staff writer for Worth.

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