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sorry to be precipitous Juan, I just went back to the first photo of the inscription you posted and discovered that it's by a minor Qing painter named Peng Yang, most likely genuine (at least to me, having never seen other Peng Yang paintings before). Unfortunately I don't see dates for him in the reference I am using, but the painting inscription gives a cyclical year of xinwei, equivalent to: 1871, 1811, 1751, etc. Unlike the other painting you posted, which appears to be either a anonymously professionally painted Daoist theme orignally sold for decorative or religious purposes that later got a fake Wen Zhengming inscription tacked onto it to goose its sales appeal, this picture is signed and dated by a Qing artist about whom I would wager there is very little information or other examples published or in museums. That is, it has both decorative and historical value. Take care of it, because it's probably one of the few sources of information about this artist that exists today. The inscription looks like a title for the scene, likely from traditional Chinese lore, and a paragraph on the story, followed by some brief remarks by the painter. Will try to figure these out at some point, but not today! but congratulations. You haven't hit the jackpot, but you have something genuine, decent, and historically valuable.
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Translate Scroll Painting Poem 16th century 
- Juan - Jun 25, 2011 (02:18 PM)