Core Viewpoint - Shanghai Library has issued a statement denying rumors about auctioning the Weng family's collection for profit, asserting that the collection has never been disposed of and is preserved for public service [1] Group 1: Collection Background - The Weng family collection, known for its historical significance, was established by Weng Xincun, a prominent figure in the Qing Dynasty, who began collecting books with the help of local bibliophiles [1][3] - The collection includes rare texts and manuscripts, with notable items such as the "Lankavatara Sutra," which is recognized for its artistic and historical value [3] Group 2: Transfer and Preservation - In 2000, 80 types and 542 volumes of the Weng family collection were sold to Shanghai Library for $4.5 million, following negotiations facilitated by Beijing's Jiadé Auction Company [5][7] - The collection is stored in specially designed boxes and has undergone digitization for preservation and public access, with exhibitions held to showcase its significance [7] Group 3: Legal and Ethical Considerations - Shanghai Library has warned against the spread of false information regarding the collection and has threatened legal action against those disseminating such rumors [1] - The library emphasizes its commitment to managing the collection in accordance with legal and ethical standards, ensuring its availability for educational and cultural purposes [1]

Core Viewpoint - Shanghai Library has issued a statement denying rumors about auctioning the Weng family's collection for profit, emphasizing that the collection has never been disposed of since its acquisition in 2000 [3][4]. Group 1: Collection Management - The Weng collection, consisting of rare ancient books, was transferred to Shanghai Library in April 2000 and has been preserved without any external disposal [4][5]. - The collection includes 80 types and 542 volumes, featuring editions from the Song, Yuan, Ming, and Qing dynasties, with notable works being unique copies [7]. Group 2: Legal Actions - Shanghai Library has warned individuals spreading false information to cease their actions and will pursue legal accountability for such behaviors [3]. Group 3: Financial Support - The Shanghai municipal government provided $4.5 million in special funds to support the acquisition of the Weng collection, along with plans for digitization and publication [5].