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> This feels like a pyramid scheme. It is. My Google-fu is failing me but there was a famous art dealer in the early part of the 20th century who promised that
by notyourday 6y ago
> This feels like a pyramid scheme.
It is. My Google-fu is failing me but there was a famous art dealer in the early part of the 20th century who promised that he would buy back the pieces he sold at least for the price the buyer originally paid less some minuscule percentage if the buyer could not sell the pieces to someone else. It made paints he sold significantly go up in price. He died. Buyers tried to get his estate to pay for the paintings and failed.
- kryptiskt 6y agoA Swedish gallery called Timeless pulled that scam recently, they sold art in galleries in Sweden and Poland (and Miami and Dubai) with the promise buy it back N months later with a yearly appreciation of at least 20% (I see here that Polish customers were promised 36%).