Why Billionaires actually buy art

The fine art market is one of the most fascinating ways the ultra-rich game the system to save millions of dollars in taxes each year. To understand this you need to have basic knowledge of taxes and capital gains. The premise is that art prices are inflated by industry “insiders” and corrupt museum, studio, gallery,Continue reading “Why Billionaires actually buy art”

Art + Taxes = The Dirty Truth

It’s tax season in the United States, and the art market is one of the many ways rich people game the system to save billions of dollars in taxes each year. Here’s how it’s done. Few videos explain better how the modern art market is a tool for the rich to pay less and lessContinue reading “Art + Taxes = The Dirty Truth”