The Shady Inner Workings Of The Art Market

Показать описание

In this video we uncover the inner workings of the art market and how the ultra-wealthy have been using their art portfolios to manipulate prices, by taking advantage of the inherent transparency issue in the art market in order to further exploit certain tax loopholes such as like kind exchanges and fractional donations to museums.

Enjoyed the video? Comment below! 💬
⭑ Subscribe to Financial Interest 👉
⭑ You’ve learned something interesting? Hit the like button! 👍

Follow Financial Interest on Social Media:

The art market has become a playground for the ultrawealthy to avoid taxes while hiding millions of dollars out of sight. The investment of choice is usually masterworks of famous artists. These multi-million-dollar art collections are then used to deduct millions in taxes. The ownership of these manipulated high-end artworks is usually not on the individual instead hidden under shell companies registered in tax havens.
The art storage is often handled by freeports, such as the Geneva Freeport in Switzerland. The paintings are often
The manipulated story of Salvador mundi is a perfect summary of the questionable dealings inside the art market. Salvador Mundi was bought by Saudi Crown Prince Bin Salman in an auction in 2017, and since than Salvador Mundi is gone out of sight.
Art dealers and art galleries are in on the action too, the auction houses are very powerful, and almost every part of the market is a monopoly of its own. The value of high-end paintings gets often manipulated, which requires policy makers to step in and create new regulations for the art market. Especially in the emerging contemporary art market price manipulations are increasing over time.

Leonardo da Vinci's 'Salvator Mundi' | 2017 World Auction Record | Christie's.

The Last da Vinci: The World is Watching

Music by Epidemic Sound

Stock footage by Storyblocks

Copyright © 2022 Financial Interest. All rights reserved.

DISCLAIMER: This channel is for education purposes only and does not constitute financial advice. Discussion of any securities, trading, or markets is incidental and solely for entertainment purposes. Nothing herein shall constitute a recommendation, investment advice, or an opinion on suitability. Please seek out a registered advisor if you require assistance. Always do your own due diligence and never stop learning. Best of luck!

Рекомендации по теме

Комментарии

What other financial topic you would want us to cover next?

FinancialInterest

I'm writing a mystery novel that dives deep into the shady art market and the scams that lie within. Your video's have been a valuable resource. Liked and subscribed, Thanks!

TheVagolfer

The vast majority of viewers have not the EYE necessary to see whether or not the painting is a Leonardo or not. I have the EYE because i am in the art circles all my life. My gandmother owned two galleries in Paris between 1947 and 1989. My father was a professional painter for 60 years, he owned two galleries in Montmartre from 1966 to 2013. I am myself a professional artist and have studied Italian Renaissance art from Giotto to Agnolo Bronzino. The sfumato technique used by Leonardo da Vinci is unique in his tones of golden glow. The drapery of the Christ image is unique to Leonardo. The face is similar to most of the faces painted by the great master. Infact, The Joconde (Mona Lisa) is based on a self portrait repeated several times throughout his paintings.
The restoration was extensive, but absolutely necessary. All the da Vinci paintings (15) have been restored numerous times over the 500 years since they were produced. Most have travelled by horse carriage across Italy and France. Several were stolen and badly damaged. Therefore, restoring is not a negative.
At a glance anyone who “ knows” what he or she is on about, Most Leonardo da Vinci experts agreed in majority that it is by the hand of the artist.
This is my opinion. Going back to my gallery experience… we sold Picasso’s, Renoirs, Toulouse Lautrecs in the 1970’s. I have my own collection of paintings ranging from Picasso to Warhol. This in my honest opinion is a real Leonardo.

julienporisse

I don't believe Salvator Mundi is by da Vinci. The upheld hand is anatomically incorrect.

davidmdyer

great video, looking forward to the next parts

ScJ

Salvator was Alexander's brother: "It Takes a Thief is an American action-adventure television series that aired on ABC for three seasons between 1968 and 1970. It stars Robert Wagner in his television debut as sophisticated thief Alexander Mundy, who works for the U.S. government in return for his release from prison."
Listen to Prem Rawat!

trukeesey

Salman should be locked up, justice for Jamal Khashoggi !

muzwot

Super, video. Looking forward to the next.

rickbest

Anyone capable of deciphering Swiss Cursive...I have a painting from Marcel Poncet 45, It is an Amazing Work...looks like only one auction result from 1996 no pictures.. What Gives? Why? Any help would be appreciated

JedidiahShilts

Salvatore Mundi a painting by Dianne Modestini in the style of Leonardo da Vinci’s workshop.
And the only reason for the public interest is because of Wealth worship.
The person with the most money is Sanctified and worshipped. The object of most $ value become as a holy relic. Value is determined by the owners wealth. A poor man buys a painting it’s resale value almost nothing but a multibillionaire buys The same painting suddenly it’s resale value is in the millions

madArt

He needed that document to insure the art work. One can lower there tax bracket by buying art works. My thoughts !

mikep.coplin

What a shame that people like MBS get to acquire priceless art.

suzanadee

By Leonardo or not it has so much restoration one has to ask if it is still the same painting . How much " restoration " is too much ? I would have stripped away the old over painting and left it alone .

greyeye

It's not like it's real money that paid for it, simply pumping more oil for a few days, or jacking the price of a barrel up by a few bucks will more than cover any assumed loss.

-UVB