The one thing we can be sure of is that it is not a pipe.
Fine art is largely a money laundering / tax evasion scheme for the wealthy.
Buy a painting - comprised of doodles and splashed paint - for 10k from an “up and coming” artist. Spend 150k promoting the artist, holding showings, and upping sales over the next year. This week an Al Saud buys another one of the ‘artist’s the painting, next week its the Rothschilds, then a Ma. Watch as the “artistic value” of your 10k painting skyrockets.
Then donate your painting to some museum at an appraised value of $10mil., take the tax deduction and viola! You just evaded taxes on $10mil income for a measly 160k. The wealthy’s accountants and art managers all know each other, and take turns.
Stories like this paint the scam with legitimacy.
I could help a lot of kids go to college or trade school for that much money.
And I don’t even like the painting.
Kind of art noir. I’d like it better with the sun up.
https://www.youtube.com/watch?v=-lj5RgpgfPE
Rene and Georgette Magritte With Their Dog After the War