In the art market, not only art thieves but also art collectors can act as if they have something to hide.
Art collectors Richard Weisman, whose ten Andy Warhol's were recently stolen, has reportedly abandoned a $26 million insurance claim for the theft, because the claims process would delve into his private financial affairs.
The Long Night is Coming
4 years ago
I shall persistently and indefatigably flagellate the deceased equine. Painted art is not overpriced because the plutonomy loves painting. Painted art is overpriced because the plutonomy loves money laundering and con games.ReplyDelete
This is just more money laundering, keeping the wheels of kleptocracy greased. The very rich are not like us, as F. Scott said to Ernest.