[neuronic]

This is all a great way of describing why art works as a money laundering or tax evasion scheme.

[Maxatar]

Can you elaborate further on the tax evasion part? The money laundering part I can see since the value of art is subjective and volatile, but how does what OP said explain how art can be used for tax evasion?

[itronitron]

The artwork is then given to a museum as a charitable donation for a tax write-off, or so the story goes.

[Maxatar]

Even if this were true (and it's not), that is not tax evasion.

[fragmede]

It's tax avoidance. The difference between the two is one is legal and the other is not.