[thebean11]

A fraction of the donated value is still much bigger than the actual value you paid for the art. The important part is to get an appraisal far above the actual value.

[fridif]

How does one get an appraisal that the IRS will believe?

[patrickthebold]

The IRS is way understaffed. I imagine they aren't looking too hard.

[fridif]

If you are reporting hundreds of k in donations I'm almost certain you are getting audited, even if it takes them a few years to begin it