Than she can rest knowing that maybe long after she is dead, billionaires will trade in her paintings and hoard them in tax free zones at airports as ways to hide their money from the IRS.
So question, I understand the whole using art as a money laundering/asset/what have you with the freeports etc. But as an artist, could I just team up with a crew of friendly millionaires and just have them buy my art at exorbitant prices to drive up it’s perceived market value, and just slip the initial investors a majority of their payment back?
Than she can rest knowing that maybe long after she is dead, billionaires will trade in her paintings and hoard them in tax free zones at airports as ways to hide their money from the IRS.
My dream legacy
So question, I understand the whole using art as a money laundering/asset/what have you with the freeports etc. But as an artist, could I just team up with a crew of friendly millionaires and just have them buy my art at exorbitant prices to drive up it’s perceived market value, and just slip the initial investors a majority of their payment back?
This is… already what fine art is