Fine art deemed to be fakes at Oakland private school
OAKLAND, Calif. (AP) — Officials at an Oakland private school thought they were sitting on a small fortune after a former student donated four Chinese paintings valued at $2.8 million.
The San Francisco Chronicle reports Tuesday that officials at the Pacific Boychoir Academy borrowed $400,000 against the windfall from the 2017 and 2018 donations to boost staff. They added an admissions director, a web designer, and a Latin teacher.
Then last month came the shocking news: Asian art experts in San Francisco deemed the paintings fake.
The head of the school, Summer Dittmer, says the donor had no idea the pieces were reproductions and is “devastated.”
She says the loans have put the school in deep financial trouble. The school has turned to GoFundMe and other fundraising efforts to pay this year’s operating costs.
Information from: San Francisco Chronicle, http://www.sfgate.com