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Old 08-17-2016, 07:07 AM  
wehateporn
Promoting Debate on GFY
 
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Join Date: Apr 2007
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Quote:
Originally Posted by Bladewire View Post
Art is used by the rich to avoid taxes and launder money, in case you didn't know. Often the high selling price of a piece of crappy art isn't about the art, it's about who the seller & buyer are. We want to do a non traceable deal so my shell company sells your shell company my art anonymously or via fixed auction.

All sorts of tax benefits / loopholes if you're doing an above board transaction, like funding a charitable remainder trust with the art, for starters. Crazy world the rich live in.
Very nicely summed up /thread
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