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Well, the New York times itself made the point about private museums. About the valuation, as I mentioned elsewhere, my mother used to work on collectibles auc
by GFischer 8y ago
Well, the New York times itself made the point about private museums.
About the valuation, as I mentioned elsewhere, my mother used to work on collectibles auctions, and it is a VERY opaque world, with several ways to inflate price - using frontmen to buy other pieces by the same artist would be one way.
I'm not a 0.1% and I'm not even from the U.S. :) , I just wanted to point out that in my experience such loopholes are exploited. In my country we get examples of charities being subverted very often. I do hope most charities are indeed that, charities.