Earlier quoted context omitted.
This. The modern art world is predominantly a tax evasion and racketeering scheme, designed to transfer assets outside the influence of national and international law.
How does it work? And what’s the evidence that this is true? People love to say this but I’ve never seen anyone go beyond the surface on the took. The impression I get is it’s mostly people who don’t know what they’re talking about repeating a pleasing idea.
But if you have a bunch of gold coins you can call them “an art collection” and now you don’t pay any wealthy tax on them at al.