Tang Dynasty, Treasured Handscroll of Li Bai's “The River Merchant's Wife: A Letter (Changgan Xing) Part I” in Cursive Script (Caoshu)

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Estimate300,000,000600,000,000 USD
Total amount10,000,000 LIBAI
Amount to public2,000,000 LIBAI
Total Sales2,000,000 LIBAI
Launchpad price1 USDT
Start time

2025-10-01

04:00

End time

2025-10-15

04:00

Distribute tokens

2026-10-10

04:00

Estimated time of trading

2026-10-15

04:00

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Become a Co-Owner of Li Bai’s Masterpiece

A Millennium Treasure · Tang Dynasty Calligraphy

Li Bai, the “Immortal Poet” of the Tang Dynasty, is celebrated for both his poetry and calligraphy. “Chang Gan Xing · Part I” is not only acclaimed as a “poem as painting” and the pinnacle of Tang poetic narrative, but is also the second publicly surfaced calligraphy work by Li Bai, carrying a thousand years of cultural legacy and recognized as a top-tier global collectible.


Why Is It So Rare?

  • Only two pieces have ever been publicly surfaced, making it highly sought after by top global collectors and museums
  • Classified as a national-level cultural relic, with irreplaceable cultural value
  • Each subscription represents a part in preserving a millennium of cultural heritage

Allocation Plan

Token Name: LIBAI

Issuer: Japanese Collector Family

Total Supply: 10,000,000

Issuance Rounds:

  • Alpha A – Founding Collector Round: 20%, 1 USDT / LIBAI
  • Alpha B – Institutional Fund Round: 20%
  • Launchpad – Public Round: 52%

Underwriter: NCollector

Minimum Subscription: 10,000 USD


Who Can Participate

The Alpha A round targets the earliest investors in the collectible, allowing them to become co-owners of “Chang Gan Xing · Part I”.

Participants will collaboratively promote exhibitions, marketing, IP development, and trading, enhancing market exposure and artistic value while sharing potential future growth.

This round is whitelist-only, open to qualified early investors:

  • Art funds, collectors, and auction houses (allocation: 100,000–200,000 USD)
  • Social media, exhibitions, film, and media resources (allocation: 50,000–100,000 USD)
  • IP licensing, IP collaborations, and development resources for cultural & creative merchandise and other derivatives (allocation: 50,000–100,000 USD)
  • NCollector agents (allocation: 10,000–50,000 USD)
  • Other partners (allocation: 10,000–50,000 USD)

Request an invitation code:
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Ownership Benefits

1. Physical Ownership

  • Each subscription represents a partial ownership of the physical collectible
  • Owner information is permanently recorded on the blockchain and collector registry

2. Exclusive Privileges

  • Priority access to exhibitions and in-person viewing
  • Voting rights on major decisions, including sale of the artwork
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3. Derivative Revenue

  • Exhibition Revenue: Global tours, distributed proportionally by share
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Exit & Liquidity

Auctions & Private Sales

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  • Auction or private sale prices will only be executed if they are significantly above the current round valuation

Secondary Market

  • After 12 months from the end of the subscription, investors can freely transfer their shares via the NCollector platform
  • If the collectible gains significant market exposure, the platform may launch the secondary market earlier

NCollector is committed to ensuring every art asset is seen by the world and collected by more people.

About this artwork

Provenance of the Artwork

Jiu Mu Lin shi jiazu → Northern Song Ren Boyu → Northern Song Huizong Imperial Collection → Late Song/Early Yuan Zhou Mi Collection → Yuan Wenzong Imperial Collection → Yuan Dynasty Scholar Yuan Shiyuan → Ming Imperial Collection → Ming Mu Ying Family → Shen Zhou → Li Dongyang → Wen Zhengming → Zhan Jingfeng → Ni Yuanlu → Sun Chengze → Qing Kangxi Imperial Collection → Qing Yongzheng Imperial Collection → Qing Qianlong Imperial Collection → Ruan Yuan → Huang Shiling → Zhang Daqian → French Willtonstein Family → 1990s Japanese Collector


Author and Artwork Information

  • Author: Li Bai
  • Dynasty: Tang
  • Dimensions: Not specified
  • Material: Silk
  • Format: Handscroll

Inscriptions

  1. Guan Jue Gujin (Unsurpassed Through the Ages) — Qianlong (Guangyun Zhi Bao)
  2. Hao Zong Piaoyi (Bold and Free) — Zhao Ji Imperial Inscription (Yushu)
  3. Li Bai’s calligraphy in this scroll is elegant, majestic, naturally flowing, ethereal yet lively, with strength in the strokes without relying on conventional ink methods. — Zhou Mi
  4. Spirit extends outward, vigorous and free-flowing. — Zhu Yunming (Seal of Zhu Yunming)
  5. Classic and unadorned, strokes expressive and elegant, adhering to Tang rules. — Wen Zhengming (Seal of Wen Zhengming)
  6. Li Bai, called the “Poet Immortal,” was open-minded, cheerful, sociable, fond of wine, detached from fame and profit yet virtuous. Observing this scroll is like acquiring a treasure. — Wang Jian (Seal of Wang Jian)

Seal of the Author: Li Bai


Collector’s Seals (Jianzang Yin)

  1. Mi — Zhou Mi (1232–1298 or 1308, zi Gongjin, hao Caocuang, Xiaozhai, Pingzhou, Xiao Zhai; late life Bianyang Laoren, Si Shui Qianfu, Hua Bu Zhu Shanren; from Wuxing; famous late Song/early Yuan poet, scholar, and calligraphy & painting connoisseur)
  2. Zhongyue Shanren — Zhan Jingfeng (Ming dynasty, 1532–1602; from Liutang, Xiuning, Huizhou)
  3. Sun Shi Wan Juan Lou Yin — Sun Chengze (1592–1676, zi Erbei / Erbo, hao Beihai, Tuigu; from Yidu, Shandong; Ming Chongzhen jinshi; Qing official, Minister of Personnel, Left Vice Minister)
  4. De Weng — Ren Boyu (c.1047–1119, famous Northern Song remonstrator)
  5. Gong Lai — Huang Shiling (zi Mufu, hao Juansou; founder of Yishan school of seal carving; late Qing calligrapher, painter, and seal artist)
  6. Yuan Xue Wei Neng — Wen Zhengming (1470–1559, name Bi, zi Zhengming, hao Hengshan Jushi; Ming painter, calligrapher, scholar, poet)
  7. Chengnan Shushe — Yuan Dynasty Scholar Yuan Shiyuan (1306, zi Yanzhang, hao Jucun Laoren; famous Yuan poet and scholar)
  8. Gong Jin Fu — Zhou Mi
  9. Mu Pu Ting Zhang — Ming Mu Family
  10. Lin Shi Zhenwan — Jiu Mu Lin Family
  11. Yun Yi Zi
  12. Huanxi Yuan — Qianlong
  13. Guan Tiandi Shengwu Qixiang — Qianlong
  14. Qianlong Yushang Zhi Bao — Qianlong
  15. Qishi Yi Feng Shenchu — Li Dongyang
  16. Jia Zhu Yangzhou Wenxuan Lou Sui Cao Xian Gu Li — Ruan Yuan
  17. De Ri Xin — Qianlong
  18. Qianlong Yulan Zhi Bao — Qianlong
  19. Jing Zhong Guan Zaohua — Qianlong
  20. Wanyou Tongchun — Qianlong
  21. Ziqiang Buxi — Qianlong
  22. Fengchi Bianding Neifu Shuhua — Qianlong
  23. Shou — Qianlong
  24. Sheng Qiu Ting — Qianlong
  25. Ji Xi You Yu Xiang — Qianlong
  26. Da Ming Huangdi Zhi Bao — Ming Dynasty
  27. Qingxin Shu Miao Li — Qianlong
  28. Chizao Wei Chun — Qianlong
  29. Suo Bao Wei Xian — Qianlong
  30. Songzhu Yi Ting Daoxin — Qianlong
  31. Yanyun Shujuan — Qianlong
  32. Suo Bao Wei Xian — Qianlong
  33. Ciben — Qianlong
  34. Qianqinggong Bao — Qianlong
  35. Tian Zai Wei Shi — Qianlong
  36. Xie Xin — Qianlong
  37. Ru Yan Qiu Guang Jin Shi Shi — Qianlong
  38. Guizhang Wenfu — Qianlong
  39. Ciben — Qianlong
  40. Yangxindian Jiancang Bao — Qianlong
  41. Tian En Ba Xun — Qianlong
  42. Ru Shi Guan — Qianlong
  43. Mi Dian Zhulin — Qianlong
  44. Maoqin Dian Jianding Zhang — Qianlong
  45. Zheng Kui Zhai
  46. Mi Dian Xin Bian — Qianlong
  47. Wanguo Nongsang Wumei Zhong — Qianlong
  48. Tianli Zhi Bao — Yuan Wenzong
  49. Gen Di Yi Cheng — Qianlong
  50. Yin Yong Chunfeng Li — Qianlong
  51. De Ri Xin — Qianlong
  52. Yushufang Jiancang Bao — Qianlong
  53. You Fu Hui Ye — Qianlong
  54. Shi Quan Laoren — Qianlong
  55. Jian Gu — Qianlong
  56. Xue Jing Qian Gu — Qianlong
  57. Hua Chan Feng — Qianlong
  58. Sanxi Tang Jingjian Xi — Qianlong
  59. Yi Zisun — Qianlong
  60. Huangdi Zhi Bao — Qianlong
  61. Chen Han — Qianlong
  62. Feng San Wusi — Qianlong
  63. Yan Lu — Qianlong
  64. Han Hao Miao Ran — Qianlong
  65. Gu Xi Tianzi — Qianlong
  66. Leshou Tang Jiancang Bao — Qianlong
  67. Gu Xi Tianzi — Qianlong
  68. Yunxia Si — Qianlong
  69. Neifu Zhen Cang — Qianlong
  70. Yongzheng Yulan Zhi Bao — Yongzheng
  71. Jian Tian Xin — Qianlong
  72. Le Wanmin Zhi Suo Le — Qianlong
  73. Guan Shu Wei Le — Qianlong
  74. Shufang Zhai — Qianlong
  75. Qian — Qianlong
  76. Kong Yan Le Chu Shui Xun De — Qianlong
  77. Chui Lu — Qianlong
  78. Yi Ou Xiang Ru Ting Diao Qin — Qianlong
  79. Chunhua Xuan — Qianlong
  80. Wangji Xinyu Kuang — Qianlong
  81. Shiqu Baoji — Qianlong
  82. Jing Tian Qin Min Zhi Bao — Kangxi
  83. Qi Li Yi Wang Yan — Qianlong
  84. Qianlong Chenhan — Qianlong
  85. Shiqu Baoji Suo Cang — Qianlong
  86. Chen Yuan Feng Er Chi Shen Shi Neifu Jinshi Wenzi — Ruan Yuan
  87. Shi Quan Laoren Zhi Bao — Qianlong
  88. Shiqu Dingjian — Qianlong
  89. Baoji Chongbian — Qianlong
  90. Zhulin Fu Wei — Qianlong
  91. Shiqu Jijian — Qianlong
  92. Beihai Sun Shi Zhen Cang Shuhua Yin — Sun Chengze
  93. Qianning Wang Shijia — Ming Mu Ying Family
  94. Gong Yu Qingwan — Qianning Wang Mu Ang
  95. Bao Zhi
  96. Li Bai
  97. Qi Zhou Shi — Zhou Mi
  98. Daxueshi Zhang — Ming Imperial Grand Secretariat Official Zhang
  99. Jia Dun Zhenji — Shen Zhou
  100. Zhou Gong Jin Fu — Zhou Mi
  101. Dong Yi
  102. Tian Yin
  103. Xiao Xing Yin
  104. Ta Shi Shi — Ni Yuanlu
  105. Beiping Sun Shi Ai Shan Zhai Tushu — Sun Chengze
  106. Luo Zhi Yun Yan — Qianlong
  107. Dong Xi Nan Bei Zhi Ren — Zhang Daqian
  108. Hanlin Bianxiu — Qianlong
  109. Wu Yi

Text of the Poem
Chang Gan Xing · Qi Yi
My hair first covered my forehead, picking flowers before the door.
My lord rode a bamboo horse, circling the bed, playing with green plums.
We lived together in Chang Gan li, two children without suspicion.
At fourteen I became your wife, my shy face never opened.
I lowered my head to the dark wall, a thousand calls went unanswered.
At fifteen I began to raise my brow, wishing to be with dust and ash.
I often held the pillar of faith, not gazing at the Husband’s Platform.
At sixteen my lord traveled far, through Qutang Yanyu rapids.
May was untouchable, monkey cries mourned in the sky.
Footprints lingered at the door, each sprouting green moss.
The moss grew too deep to sweep, fallen leaves arrived early with the autumn wind.
In August, butterflies came, flying in pairs over the western garden grass.
Feeling this saddened my heart, sitting, worrying that my beauty will fade.
Soon I will descend to Sanba, sending letters home.
Meeting you, I do not speak of distance, straight to Changfeng Sha.
— Calligraphy by Li Taibai


Artwork Description
Chang Gan Xing · Qi Yi, handscroll on silk, ink brush, cursive script (caoshu), five-character poem, signed Li Taibai bishu. Total 160 characters. The calligraphy is vigorous, bold, and free-flowing, with uneven rhythm and natural vitality. The title is precise and compact, while the body flows gracefully, showing tension and release in brushwork. Viewing the scroll, one can sense the character of the poet himself: elegant, bold, and transcendent. The opening includes Qianlong’s imperial inscription “Guan Jue Gujin,” praising the work, while the end carries Huizong’s inscription “Hao Zong Piaoyi,” accurately characterizing its style. The scroll features 109 collector’s seals spanning emperors, nobles, and literati; Qianlong’s seals alone total over 70. This handscroll’s provenance is exceptionally well-documented and historically rare.


Creation Background
Chang Gan Xing · Qi Yi is one of a pair of poems by Li Bai, written during his first visit to Jinling (modern Nanjing) in late 725 or early 726 (Kaiyuan 14). Chang Gan is a place in today’s Qinhuai District, Nanjing. The poem narrates a merchant woman’s deep love and longing for her husband traveling far for business. The narrative evokes the innocent childhood love, the waiting and yearning, and transforms into imagery like butterflies in August. Li Bai uses the treacherous Qutang rapids and moss at the doorstep to depict her intense devotion. While Li Bai is famed for his poetry, few of his calligraphic works survive; this scroll allows a rare glimpse into the emotional depth and aesthetic elegance of the Tang poet.


Author Biography

Li Bai (701–762)

Zi Taibai, also known as Chang Geng, styled Qinglian Jushi. Ancestral home in Longxi Chengji (near modern Tianshui, Gansu), born in Suiye (present-day Tokmak, Kyrgyzstan). Summoned to serve in the Hanlin Academy in 742 (Tianbao era), later slandered and left the capital. He traveled widely, indulging in poetry and wine. Li Bai was a great Tang poet, also skilled in calligraphy. His poetry creatively employed Romantic techniques, achieving perfect unity of content and form, earning him the title
Shixian (“Poet Immortal”). Poems collected in Li Taibai Ji.


Colophon Authors’ Biographies (Partial Representatives)

Qianlong Emperor, Qing Gaozong Aisin Gioro Hongli (1711–1799), the sixth emperor of the Qing dynasty, also known as Changchun Jushi, Xintian Zhuren; in later years called Guxi Tianzi, Shiquan Laoren. The reign title “Qianlong” signifies “Prosperity of Heaven’s Way.” He reigned for sixty years, and after abdication continued to exercise supreme power as regent for three years, for a total of sixty-three years and four months—the longest actual rule in Chinese history. He was also the longest-lived emperor. His reign coincided with the peaceful prosperity of the Qing dynasty. Passionate about the arts, Qianlong promoted the development of craftsmanship, elevating artistic techniques to unprecedented heights. He was also an expert in antique appraisal and an avid collector, playing an important role in cultural preservation.

Song Huizong, Zhao Ji (1082–1135), emperor of the Northern Song dynasty, and accomplished painter and calligrapher. During his reign, he amassed an extensive collection of antiquities and paintings, reaching unprecedented scale. He personally oversaw the Hanlin Painting Academy, developing imperial court painting. He gathered painters widely, established the Xuanhe Painting Academy, trained outstanding painters including Wang Ximeng, and organized/editing the Xuanhe Shupu, Xuanhe Huapu, and Xuanhe Bogutu, which remain valuable references in art history. Skilled in both calligraphy and painting, he created the “Slender Gold” script. His painting achievements were also remarkable, with representative works including Ruihe Tu, Furong Jinqi Tu, Hong Liao Bai E Tu, and Chitang Qiu Wan Tu.

Zhou Mi (1232–1298), zi Gongjin, hao Caocuang, also called Xiaozhai, Pingzhou, Xiao Zhai; later known as Bianyang Laoren, Si Shui Qianfu, Hua Bu Zhu Shanren. Born in Licheng (now Jinan, Shandong), resided in Qiantang (now Hangzhou, Zhejiang). Poet, scholar, and calligraphy/painting connoisseur of the late Song and early Yuan. His family owned many important calligraphy models and paintings, which he expertly appraised. Skilled in composing poems, particularly on plum, bamboo, orchid, and rock subjects. His work is elegant, rich, and metrically strict. Often paired with Wu Wenying (hao Mengchuang), collectively called “Er Chuang.” Also proficient in calligraphy. His writings include poetry collections Caocuang Jiushi, Pingzhou Yudi Pu, Yunyan Guoyan Lu, Haoran Zhai Yatan; compiled Juemiao Hao Ci Jian covering over 100 lyricists; historical note collections include Wulin Jiushi, Qidong Yeyu, Guixin Zashi.

Zhu Yunming (1461–1527), zi Xizhe, nicknamed Zhi Shan due to a unique appearance and an extra finger on his right hand; also called Zhu Jingzhao. From Changzhou (now Suzhou, Jiangsu). Famous Ming dynasty calligrapher, skilled in poetry and literature, widely renowned for his calligraphy. One of the “Four Talents of Wu” alongside Tang Yin, Wen Zhengming, and Xu Zhenqing; representative calligrapher of mid-Ming along with Wen Zhengming and Wang Chong. Early regular script followed Zhao Mengfu and Chu Suiliang, drawing inspiration from Ouyang Xun and Yu Shinan, pursuing the style of the “Two Wangs.” Cursive script followed Li Yong, Huang Tingjian, and Mi Fu, with deep mastery, especially innovative and flamboyant in later years. Representative works include Taihu Shijuan, Konghou Yin, Chibi Fu, as well as surviving Liu Ti Shu Shi Fu Juan, Cursive Du Fu Shi Juan, Nineteen Ancient Poems, Cursive Tangren Shi Juan, and Cursive Shihan Juan.

Wen Zhengming (1470–1559), birth name Bi, zi Zhengming, style name Zhengzhong, hao Hengshan Jushi, also known as Wen Daizhao; from Changzhou (now Suzhou, Jiangsu), ancestral home Hengshan. A leading Ming dynasty painter, calligrapher, scholar, and poet; one of the Wu School masters, ranked with Shen Zhou, Tang Yin, and Qiu Ying as the “Ming Four Masters.” Together with Zhu Yunming, Tang Yin, and Xu Zhenqing, counted among the “Four Talents of Wu.” Versatile in painting and calligraphy, particularly noted for landscapes and small regular script, with elegant, refined style. Early career included repeated unsuccessful imperial exams; in 1523 (Jiajing 2) admitted to Hanlin Academy as a scholar, participated in compiling Wuzong Shilu. Retired four years later to focus on art for over thirty years. Works include poetry, painting, inscriptions, and model calligraphy, representative pieces such as Zhenshang Zhai Tu, Gumu Hanquan Tu, Qianhou Chibi Fu in small regular script. His sons Wen Peng and Wen Jia continued the family legacy, with Wen Peng founding the Wu School seal carving style, influencing future seal art.

Wang Jian (1598–1677), zi Yuanzhao / Yuanzhao, hao Xiangbi, Ranxiang Anzhu; from Taicang, Jiangsu; grandson of Ming Minister of Justice Wang Shizhen. One of the “Six Masters of Early Qing” or “Four Wangs and Wu Yun,” painter of late Ming and early Qing. Specialized in landscapes, continuing the traditions of Dong Yuan, Juran, and “Four Yuan Masters.” Early style influenced by Huang Gongwang, similar to Wang Shimin; mid to late career absorbed methods from Juran and Wang Meng, using central tip brush, rich ink tones, fine texture. Produced green-and-blue landscapes with methodical layering, simple and elegant charm. Style evolved from Wang Shimin but maintained admired antiquarian skill. Mentored Wang Hui and Wu Li before they gained fame. Works include Ranxiang An Ji, Ranxiang An Huapu, among others.