art market absurdity: millionaire's $20m tax write-off vs actual artistic value
Millionaire: Makes $20m, hires artist $25k Artist: Draws single line Millionaire: Has appraiser/friend value it Appraiser: It's worth $20m Millionaire: Donates it to museum, $20m tax Write-Off, pays no tax that year Me at Museum: It's just a line?? Hipster: You're just uncultured 21 Retweets 112 Likes ART THEN... ART NOW.
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— Rothmus 🏴 · original post ↗