This is happening because governments have proven themselves untrustworthy when it comes to maintaining the “value” of fiat currency. They continue to print more and more of it. Why is it “not moral” to find something, anything, that can be expected to maintain or even appreciate in value and lock it away for the time when fiat currency collapses into valueless paper? The art will then be taken out and traded again for other commodities. It will again be visible to the public. But in the meantime there are countless copies the public can gaze on. As far as the original goes, we live in a world of private property. What is immoral about trying to maintain your financial status by keeping your private property safe and secure behind locked doors?
I was driving past one day with a friend who told me of another friend hired to replace sections of 4-rail oak fence @$107 per section (4 oak boards and post which total cost about $23 at the time). It was being paid by the National Trust for Historic Preservation, because it's an "old farm". I guess that is how millionaires keep their $millions!
The farm, site of a large annual horse auction/sale, was for sale at $70 million asking price, which I am sure didn't include horses or art!
BTW, here is the runway pic!
Go on, Airnav and check out FL37 and see my runway.
If they obtained it legally, it is their stuff. If not legally, then it should go to the rightful owner. I’m free market even if I don’t like the fact nobody will see these paintings and other works of art for decades. If I own a painting, I should be able to do with it what I will.