4 ms·
A lot of important art is practically in permanent storage in places like Geneva Free Port, a collection of nondescript warehouses where the art can be sold and
by pavlov 3y ago
A lot of important art is practically in permanent storage in places like Geneva Free Port, a collection of nondescript warehouses where the art can be sold and bought tax free.
And of course nobody ever gets to see it. Maybe not even the new buyer unless they’re particularly interested in art rather than just trading as an investment. The documentation shows that the Picasso is in Geneva building D section F room 37 shelf B, that’s good enough to buy it for $10M and sell it for $15M later.