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High dollar art is primarily used as a way to hide wealth. Most of it sits in warehouses at duty-free ports. https://www.ams-tax.com/blog/post/the-secret-world
by FuriouslyAdrift 1y ago
High dollar art is primarily used as a way to hide wealth. Most of it sits in warehouses at duty-free ports.
https://www.ams-tax.com/blog/post/the-secret-world-of-art-tax-havens-how-billionaires-use-freeports-to-avoid-taxes https://www.ams-tax.com/blog/post/the-secret-world-of-art-ta...