First of all, as others have pointed out, the math here doesn't check out. The rich person is now less rich. Second, the IRS is hip to this. They require a qua

First of all, as others have pointed out, the math here doesn't check out. The rich person is now less rich. Second, the IRS is hip to this. They require a qualified appraisal, they have rules about who the appraiser can be and what information is required. Then, they have a network of experts who would do their own research on an art deduction of this size and give their own estimate of value (without knowing how much the taxpayer was claiming it was worth). And finally, if the charity that received the artwork sells the artwork for less than $75 million before the IRS does its research, they're going can use that information to determine the real value. -- https://www.reuters.com/legal/legalindustry/unlocking-mystery-behind-irs-review-claims-charitable-deductions-art-2023-09-18/ https://www.reuters.com/legal/legalindustry/unlocking-myster... In short, for people planning on avoiding taxes, please consult a licensed tax avoidance specialist for advice in addition to doing research on internet chat boards.