So incredibly depressing that these works of art are hidden away in places like this, seen as framed money instead of something beautiful to be seen and enjoyed.
Well... what did you expect? Safeguarding criminal's asses and assets has been Switzerland's job for 500 years now. That's why they are neutral. The criminals in power will never touch the place where their precious assets are.
no, no. The theft must be in the distant past. They will not allow thugs who do hands-on crime with guns, ladders and crobars now. If you steal ten billion dollars with sophisticated methods, that is okay. If you steal one million or ten millions with crude methods and violence, you are not welcome.
mark lewis how to make money?! Get something for nothing and sell it to some unsuspecting idiot for millions, not too much, just under a billion. 👍🏻, and put the money in a trust account -- whatever that is -- in an off-shore haven -- whatever that is -- and hang out with your fat friends drinking green tea. What a life?! Cover me, I'm going in.
Maybe Portrait of a Young Man by Raphael is in Geneva freeport. During the Second World War the painting was stolen by Germans from Poland. Many historians regard it as the most important painting missing since World War II.It is suggested that, if found, the painting would be worth in excess of 100 million US dollars
This is fascinating and disturbing at the same time. Very well done. The greed is saddening. I may just scrape by each day, but I sleep well each night. I feel sorry for how shallow these people are; it must be stressful.
it's called hoarding. Imagine how many of these works could be shown to the world, how many lives could be changed by exhibiting to the public. It's so sad that so many rich people do this. They will never understand Art or the human experience without the concept of ownership and commodity
@@jonathangoldrick8279 “hoarding” implies what they’re doing is wrong. It isn’t. It’ll end when governments stop stealing an individual’s wealth with taxes.
I live in Delaware which is corporation heaven and plenty of folks have hidden behind corporations mainly because the owners of said corporations did not legally have to be publicly named until just recently for transparency purposes of course. Here’s an interesting fact on Delaware and corporations - there are more corporations incorporated in Delaware than the actual population of Delaware. Actually, 66% of Fortunate 500 companies are incorporated here.
Art ! Some of it so breathtakingly beautiful. But what a high price to pay for that beauty. And the art of body language says that some look worried and scared.
When seeing the letters ' s.a.' on that building, it told me how this whole thing was going. Those letters are an abbreviation for the term "anonymous society". Business conducted in countries with this s.a. mark denotes that most, if not all, transactions are a private matter between those concerned and are usually secret in nature.
People with aspiration complex need to understand that happiness remains relative. Richer or poorer, people are on average the same, they just worry about different things. But being rich doesn't make you happy. There's plenty on research on the topic and the happiness indexes of different countries on the world are very revealing. Make the best of wherever you are and above all, make love & friendship your priority 👍
The billionaire chisels. If the dealer buys for himself and then offers to the collector, there is no fiduciary duty to the collector. The dealer takes the risk of buying and had the risk that he must stand behind the work for authenticity. The collector could have paid for an agent if he wanted to take those risks for himself. And, if chosen, his agent might not have the same access to art works
Certain dealers are claiming 50% of art sold at actions could be fakes. A situation that is no doubt somewhat caused by the clandestine practices of supper wealthy collectors.
Ars longa, vita brevis. Money in the millions is similar to pesticide to organic food destroys the purity & goodness of art. That very pesticide should be sprayed on those snooty lot, with their highfalutin opions they're nothing but protentious sycophants.
modern art is a vehicle designed specifically to launder money. Many art owners don't know squat about art, what matters to them is the resale value and the bragging rights when their guests see famous paintings hanging on their walls.
The so called stolen painting titled "Portrait of a Man" could be another painting. The painting in question, that was displayed, had the name of the painting on the label on the back of the painting/frame, and it was not Portrait of a Man, it was however "Portrait of M. X". Modigliani did many other portraits of men, so the detectives claim is far from proof that this is the painting he is trying to recover.
only 2min in: there’s something disappointing about things like wine and art that could be enjoyed but instead is sitting in some crate. it’s like the billionaire version of buying a toy and not opening it
Socalled "free ports" exists because they are condoned by governments. Governments control the legislative process and thereby the regulatory framework that makes "free ports" a viable option. "Free ports"......"free" from what? If governments allow "free ports" in their teritory, governments are part of the problem, not part of the solution.
@@classicartfoundation639you are correct. Art is simply an 'asset class' and as such is no different than any other resource. If rich collectors weren't buying and selling art, they would be speculating in some other commodity like hog futures or whatever.
the Russian billionaire stole all his money from the Russian people anyway... but he's just a thief, (a good thief), not a negotiator. He paid way too much for the art works.
I know a famous actor who had bought some art for his home. I once said, it's not even your taste, he laughed and said, doesn't matter, now that I've owned it, it's worth more. (he was advised and he took it)
Daniel Kovács True, I think it's funny. Talk about buyer's remorse. If you spent 50 million dollars on a board with three stripes of color and then regretted it. It reminds me of when Jack from Jack and the Bean Stalk brought back magic beans.
-"How much for the Chagall?" -"I can't tell you that" She knows he is no billionaire that will bring prestige to their gallery. Therefore, even if he does have the money, she will say it's not for sale. The price also varies depending on the buyer.
Imagine having in your care these incredible works of art and all the time in the world to make the most perfect copies. Having the original art work allows for the edges and backings to match perfectly. NOT saying it happens but it's sort of an ideal situation for some one that way inclined and these people although mega rich are just not rich enough. Wealth is a disease.
This is done with porcelain, antique vases and the like. Such paintings are known and well-tracked, if you copy it and manage to sell the copy you can never sell the original, so where is the profit? You cannot even show the original because it would ruin your reputation. Better to fake a new, unknown picasso painting and find a way to sneak it into the market.
One canvas is worth more than a human being because one human being and their network concoct it thus, and that process of contrived evaluation is, in itself, not too dissimilar to a splash of paint awaiting its beaming bankers.
This shouldn't be allowed. There is no way this system is not corrupt. And the business of storing away art that will never see the light of day is just wrong. Art should be looked at, not stored away like money in a bank.
Thank goodness that truly great paintings (pre-1850) were very few in this doc. I'd like to believe that the ones we see in museums account for the vast majority of those.
So what's wrong with the guy selling something that to begin with has speculative value for double or quintuple what he bought it for. Restaurants have markups of 6 times on the low end. All buddy has done exposing it is to reduce the value of his painting. What I'd like to know is which clerk was pissed at not being paid more or whatever it was that told the Russian guy he over paid ?
