> inflation and time value of money can considerably erode your multi million dollar sales tax bill No, when importing the piece of art to its destination, VAT

> inflation and time value of money can considerably erode your multi million dollar sales tax bill No, when importing the piece of art to its destination, VAT tax apply on its current value at the current VAT rate. So the opposite happens. Instead of eroding over time, the tax bill gets larger as tax rates are likely to climb and the value increase. However, a good reason to do so is if your liquidity is limited. For example, if you e.g. as a German inherited a 100 million EUR piece of art stored in a free port today, bringing it to Germany would cost you 19 million in VAT. Assuming that you don't have that much cash laying around, you would face the choice of selling it or just keeping it there for a few more years.