If the money used to pay for the "art" comes from declared income and and the only thing you provide in return is "the artwork" it's modern art, unless of cause

If the money used to pay for the "art" comes from declared income and and the only thing you provide in return is "the artwork" it's modern art, unless of cause your connected enough that it could be seen as an attempt to carry favor with your connections. The transaction that happens when the buyer then sells it for twice the amount to an offshore holding trust without any operational business associated with it is money laundering.