How the Trillion Dollar Art Industry Works & Why Billionaires Use It To Avoid Taxes 

Check out our Sponsor Masterworks - and invest in blue-chip Art pieces! You can skip the waiting period, and get started investing right away with our link --> www.masterworks.art/valuetainment

Its purely about tax evasion and money laundering. Nobody spends 100 million on a painting because they like it.

That first painting is a classic example of how the STORY builds the perceived value of the art. The owner of the piece wants to be able to tell a good story to house guests about the piece and how they acquired it.

Worked at Christie's for 10 years. Recognized the dark-haired woman on the podium at the end. Had to help resolve some of the house's tax liability. Many purchasers never picked up their art resulting in pseudo "free" storage. Would resell it in a few years for a profit never having collected the art; no tax, shipping, insurance paid. Was a whole thing.

When you invest you're buying a day you don't have to work

As a wildlife artist (painter) myself I have always found this topic extremely interesting. More and more I am finding that who knows of you, and who has owned your art, almost at times seems to mean more than the (perceived) quality of the art itself. As a traditional painter I find myself astonished at the price that some seemingly random smudges of paint sell for. But I say good for them! Though I find it puzzling, I continue to paint in this way because I am obsessed with it! Your insight is always valued and appreciated. Wishing you all the best, Sean P. Rademaker

as an emerging artist the art world is both the most exciting and discouraging all at the same time.

Thank you for this video Pat!

Great video! Value added for sure!

I appreciate how informative this was. Thanks Valuetainment

I feel like you answered it in the intro: because it's an unregulated market.

Hi Patrick, absolutely loved watching this video and understanding how art is valued, great explanation👍

Great Video Pat

Patrick thank you for this excellent video. I started purchasing art because there is value in it, and its a good hedge against inflation.

thanks for those great explanation

Thanks for Valuetainment and special thanks for Patrick to all the valuable information on the channel. after following valuetainment contents and read several recommended books. my friends and I own 3 companies , and 2 real estates

This is cool stuff !!!

Had to fact check the take a picture part with the inventions of camera and Picasso birth year. Learned something new today 😌

Here we go. Great presentation Patrick 🌟

Thank you for broading my interests. I like & respect your family values. Keep on keeping on. B

Pat, you got this all wrong. You got sold the simple man's story as to how art is valued and why, what looks like painings children can paint, goes for millions. Let me explain the game. Let's say I am a businessman who owns a relatively unknown, or under-appreciated work of art. And let's say I have an investment project that needs a large capital infusion. What do I do? I open up a seperate company (maybe with a trusted partner who is willing to earn a commission for putting his name on the business, but, maybe on my own). I talk to Soethby's and say 'I have a piece of art I would like to put up for auction. Soetheby's says 'ok, it will go under the gavel next week'. When it goes up for auction I get a few of my employees to act as fake 'bidders' on the end of a telephone and they start bidding against ome another for my painting. When the gavel strikes, my under-appreciated piece just went for 8 figures, bought by the company I set up a week earlier. Soethby's is happy because they made their commission on an 8 figure sum.. The 8 figure sum obviously never trades hands because it is my own company that bought it. Now, I can go to the bank and put the painting that is now 'worth 8 figures' up as collateral for the loan that I need to invest in my project. The bank gives me the loan so long as, on paper, its ass is covered by the collateral. Auction houses like Soethby's and Christies close their eyes to this con because they are making their commissions. But both Soethby's and Christies were charged and convicted decades ago with price rigging. This is how obscure and unknown artists become famous. The greater the exhibition and media exposure when the art gets 'auctioned' the greater the effect of the con.

The Financial market is still a fantastic way for building wealth, however, it's wise to consider investing even if you don't have much money to spare.

Been creating masterpieces for the past 10 years and now they are really being recognized globally!

Need more art 🖼 content like this.

Very Cool insights thanks Patrick

Thank you for talking about the business side of art. Very interesting and informative. As an artist myself, it can be frustrating sometimes, to say the least. Maybe sometime in the future you could give advice or a presentation of your viewpoint directed at the artists. If you were the artist, what would concern you business wise? What advice might you have for the artist? Many of us lack business savvy and expertise.

As an antique dealer in Washington DC I really enjoyed this video.

Solid convo

amazing video

PBD at its finest ,he tells you it's basically a tax scam engaged in by the rich,and rather than avoid it, he tells you that you should become another lamb to the slaughter

I must admit that Picasso story was pretty slick

great channel. super

great video on this ! I am an artist and work at Christies in NYC for 10 years, handled the da Vinci n picassos daily. you summarized it all really well !

That Picasso con-man story was genius!!!!

Just watched your card collection show. Toll Jr high - Hoover! Hello brother👋🏼

Spot on analysis

The price of collectors art is a clear example of how much FIAT currency has been pumped into the system by the Federal / Central banks around the world. Paper currency has become unimaginably WORTHLESS in the past two decades.

Been daying this

This is great Brother, I'm still into classic cars but I can dig this concept..Thanks Very Much👏😎💪👍

Nice video.

Thank you for exposing us to this, art has always been a rich man's side hustle.

Interesting insight...thank you. Wondering if rare musical instrument values may not be increasing faster now for some of the same reasons...hmmm.

Jake Tran channel did a great video on this topic, "Fine Art Isn’t About Art. It’s About Evading Taxes.".

Thank you

I'd like to see more videos on art. And your art that you collect.

Brilliant . Thankyou !! I am an artist but also work in galleries so I know what I'm doing .

8:53 Heritage? Norman Rockwell!. I passed on buying an $1,800 print of his back in 1985. Was a merchant Seaman at the time, couldn't fit it in my seabag.

I get it, I used to work for an Art Publishing Company.

Too much Cash register "Cha-ching" sound effect. We get it, it's alot of 💰

Video title ".....Why Billionaires Use It To Avoid Taxes" you forgot to include that part

this is a very elaborate ad.

I’ve been investing in comic book art for a few years now. I definitely have some pieces that have done very well.

Great video, I felt the last few videos sucked. But this is valuetainment

“This is a portrait of Patrick Bet Ta Sexy” ILL TAKE IT FOR 10 GAZILLION DOLLARS 💵

Basically you can value art from it's hype. Thanks Virgil 🕊🙏🏻

You should talk to Jake Tran. He made a very good video related to this.

well done video, glad u on this level/position put 0 negative thoughts on NFT or also known as digital art which is future, that's for sure. + in NFTs u can invest in small cash, depends on coin/blockchain u want to use. but I wish I could go with normal art world.

_I love art and i invest in art_

I love Banky! A true modern artist

This a voice and person should be on mainstreaming tv,period!

Thank you, thank you, thank you! I'm an artist & if one person sees this & learns something, the world is a better place! I'm sending Joey a piece I did & if you like it, you can buy it from him. Thanks, Sir!

My family new Picasso and we have a couple of pieces from him he was from Spain but he came a lot to Latín America...

Great content as ever.

The SABER Flag piece!!!!!

All art is not the same, it's the best art's returns that outpace the s&p500. Masterworks and other use the numbers game where they pick a basket of the best performing art and calculate their returns and then say art is outpacing the s&p500. Felix Salmon is a respected financejournalist and he has talk and written about just the art world and have people cherry pick numbers and the amount of scams there are in the artworld.

love banksy

It’s the damn lottery…if you’re not connected you aren’t making crap. Haha good masterworks add

The Exponential Consolidation of Wealth Globally by very few and the Sky Rocketing Inflation of Toys for those Rich People will, very soon, resolve in a Global Financial Collapse unimaginable and comprehensive.

See Steven D. Kelley’s videos about The Getty in Los Angeles - mind blowing !!

@Valuetainment Pat, Nice video! Please do more on art, but, the artist Edvard Munch (The Scream) is not pronounced «Munic»🤣 And besides The Scream, he also sold «Vampire» and «Girls on The Bridge» for roughly 38 and 54 million dollars. You should check him out😎

I've been a struggling artist for over a decade after which I decided to simply keep an average day job. Watching this video makes me want to look in a mirror and say......

any idea that can create value into the market place, will make money and grow in the market. a fellow creator ..

There can be dividens with NFTs

Patrick, you should look into interviewing Robert Rivani, 31 years old, Persian, self made commercial real estate mogul in south Florida. I’d love to hear his full story of how he did it, start to finish, he doesn’t have many interviews.

I'm was disappointed by this video. I am a huge PBD fan and consume your content regularly. Was looking forward to this one because of the mystique around the Art industry. Watching it however, left me with the same questions that I had prior to watching it. I want to know about the black market and money laundering side of the Art industry. Keep up the great work. Your awesome. Cheers.

I don’t know if I would buy in like that. It seems to Me that, it is like buying gold on paper.

I recommend to read Fernand LeGros, biography

You have to invest in emerging artists. One artist to pay attention to is Dimitri Likissas with his dot paintings.

a big reason why the art market exists is to store value anonymously.. perfect for laundering or hiding wealth... if not for this the valuation would be much lower.. you didn't talk about this very important point in your video.

Man I'm an artist. How do you get into reach with these buyers? I been searching and searching. When you coming up it's super hard to get notice. It's crazy talent, gifted and working hard isn't enough at all. Smh

Art is a great investment to hedge against inflation. Better than gold.

Oh you’re going there, Pat? Great. I’m not surprised. Thank you Pat, this is a good sign for artists these days. . 😂🎨

If I create my own art. What do I need to do to make the art a valid piece of collateral for a loan

Problem with art its like real estate it doesn't make you anything while you hold it.

Patrick what do you think about my Vlog (actually a Bog) "the case against Yves Bouvier, by low sale high on Linkedin? You are a genious !

What about watches?

E X P O S E D !!!!

How do these artists display their work in galleries? Do they pay the galleries? Do the galleries pay them? Do they sell online to customers directly? Do they sell through some clubs?

At the very core of this all, Pat is an excellent salesperson.

It's used as payments for child trafficking as well you should cover that

I can't sell a horror ghost story for $80,000, or set up a book contract in America. 😂 Hahaha.

Never thought Pat would jump on board with masterworks. Seems like a huge cash grab which could end terribly. Fractional shares of art?? C'mon now this is ridiculous.

It's a gamble on demand but what you're really betting is currency devaluation. That's a Great bet.

Love the vid but there is too mamh spam bots on the comment related to master works, thats not a good look on your end.

Dividends*

"How to launder art with money."

who's Edward Muenik?🤔

Looking at the comments IT becomes pretty clear vert few buy art for art's sake. I just gotta figure a way to get paidfor my pieces, and I'll invest in developing breakthrough technologies

go check on American politician's who money laundry

This is where crypto or rather nft's come in handy because with that type of technology the artist can keep receiving royalties when the artist artpiece gets resold and rebought over and over again so the initial profits of 10k would've grown to 45 million years later.