ITT: We post permabegs and their net worth.Damien Hurst: $384 Million
Basquiat's estate (as of 2013): $138 Million
Dav Pilkey: $50 Million
Andy Warhol: $220 Million
Jeff Kinney: $100 Million
>judeo-american 'art'
Mr Doodle: $15 Million (only age 31, could become a billionaire by his 70s/80s if his trajectory continues)
>>7728407wtf I love eurasian duginist churkaism now
Me: $0
>another perma/beg/ circlejerk threadyou guys could be good at drawing too if you actually tried you know
>>7728407>we support shit that goes against Japan's constitution t. NATO
>>7728451Average young professional artist: -$80k in student debt
Tax evasion scheme. For those unaware, I hope an educated anon can explain it in detail for everyone else.Quick rundown, high art's value is inflated by investors and an inner circle of auction house/publication owners for the purpose of creating "high value assets" on paper, which can be used to evade taxes (donate your "$80million painting" to tax deductible cause), move money around, or take out loans.
>>7728380I can't even sleep at night after finishing some drawings because there's so much I want to improve about it. Yet these people are making millions off chicken scratch, this is obviously not art. Its money laundering.
>>7729040You can make good stuff but you can't force people to like it, or you.
>>7729480you literally can, it's just chemistry
>>7729008Holy fucking shit, it all makes sense now.
>>7729008Couldn't they at least do this shit with some decent art?
>>7729008So you think a Diary of a Wimpy Kid and Captain Underpants are tax evasion schemes?
>>7729826yes, its recognizable IP so its easier then pretending this >>7728382 has value despite still being easy to do
>>7729810>dodge taxes by investing billions in a few hundred dollars worth of canvas and paint>erode meaningful culture so that nihilists rely on consooming and culture wars to fill the voidIt's a win-win for them
>>7729810The criteria for the artists they pick are not just skill level, but a willingness to cooperate. If the artist decides one day "I'm going to sell my art for pennies so the poor people can enjoy it" and tank the stock prices, it'll ruin decades of scheming.There are a lot of parallels between memecoins and high art. First, all the insiders are signaled which memeart will jump in price by the publication/AH owners, then they all pump it with the guarantee that the value will explode over the next few years.Next you have the outsider guppies and bottom feeders who will see all the insiders pumping the artist, and they'll buy the art knowing what comes next based on history. After all, a $100k investment on even the shittier paintings of a "picked artist" will likely 3x over the next several years. This demand will "organically" inflate the value of the art. Once the scheme is in motion, you don't even need to keep artificially pumping it up. But all this is contingent on the artist obeying the ones holding the strings.>>7729800It's literally a free money glitch if you're wealthy. If you removed the clauses in our system which allows art to be used as collateral assets, or for deducting taxes, you will find its value plummet to the floor.>>7729826Those are stories/IPs with actual legions of fans paying money into it. Use your brain. If you're talking about whether an investor could potentially pump up original sketches or whatever, then sure it's possible as long as the artist is on board.
>>7729832>investing billionsYou don't invest billions, that's the point of owning the publication/auction houses. If you set up shell companies to bid up the price and you own all the players of the game, you don't actually pay the paper price for the art. After the "sales", the publications hype up the art, and the art appraisers are your friends that you shower with gifts every year at your hilltop mansion, you end up investing very little capital for a very big return.
>>7729840Yup. Ask me how I know for a literal fact that Basquiat's art was used for this exact purpose.
>>7728380All of these are money laundering.
>>7729904Please explain anon, I'm not a lawyer but have always been interested in this topic. Usually, fine art in galleries will get memed as "tax evasion" but there's barely if any explanation on what that actually enatils. I know how the gallery/auction house portion works by controlling supply and faking prices but I haven't heard the evasion or laundering part explained.
>>7730452>Please explain anon, I'm not a lawyer but have always been interested in this topic.NTA but here
>>7730460Shlomo, Chain, and Abe don't seem like very productive members of society if I'm being honest.
>>7730805>Rich people who can afford to "play" with millions>Not productive members of societyWell, duh.
>>7730805they aren't!honestly, buy borrow die is some of the most bullshit tax evasion ever.all mega rich people don't pay taxes because they technically are living on debt, they periodically take out loans against their assets(art, stocks, wine, ect.) that allows them to use their accrued millions of dollars wealth without having to pay taxes for any of it. of course, these assets appreciate in value through bullshit like auction houses so they can pay off old loans with new loans from the appreciating value of their assets.
>>7728407Hirst is British actually
>>7730460>>7730832The 1% are playing an entirely different game than the rest of us. Imagine stressing about bills and grinding 50 hours of work a week, and these guys are generating millions out of thin air.
>>7728380Posting the drawings of Damien Hirst is equivalent to Paul McCartney's doodles and wondering how the man ever got famous. >>7729840Why wouldn't art be used as collateral assets? An asset is just something that's worth money, so if some rich retard will pay a million dollars for a piece of art then it's worth that much. The stock market also gains and loses millions on that principle.>If the artist decides one day "I'm going to sell my art for pennies so the poor people can enjoy it" and tank the stock prices, it'll ruin decades of scheming.Except the process described here >>7730460 is about the secondary market and entirely out of control of what the artist decides to price his own work. Some Seiko watches are cheap, some are thousands of dollars. That's up to collectors.>Those are stories/IPs with actual legions of fans paying money into it.This is precisely why art critics and the elites hype up art that is "permabeg" to the common folk. Why would a millionaire hang a poster of Guts from Berserk on the wall when an impoverished Filipino kid has the same thing in his wooden hut?
>>7730851That's what happens when you own capital, anon. The capital works for you.
>>7733781>>7733781Hirst is a visual artist. He sells paintings and sculptures and installations. The equivalent would be Paul McCartney not knowing how to produce a musical note.
>>7733788Keyword: installations. His most famous works are installations, stuff that does not require him to have fun with a pencil. I.e. he's not a draftsman. The stuff that put him in the news is the ideas.>The equivalent would be Paul McCartney not knowing how to produce a musical note.Paul McCartney was never formally taught and his instrument playing/singing would be laughable compared to a classically trained musician. But if you want a better comparison then, there are also many musicians that can't play an instrument and can't sing but sample and use computers to do most of it, like Kanye West.
Gerhart Richter 40mil
>>7734390how do I, as a beg, trick rich people into giving me money
>>7733781>Why wouldn't art be used as collateral assets?To demonstrate that this is a tax evasion scheme, and art isn't worth that much without the clauses in our system that allow it to be exploited. If houses weren't allowed to be used as collateral, it'd still be worth a lot. Food, materials, and most everything else would still retain its value.>if some rich retard will pay a million dollars for a piece of art then it's worth that muchThe point is they WOULDN'T if art wasn't allowed to be used as assets to manipulate the system.
This was Matisse's attempt at realism. He drew countless images like this. The market value of all his work easily reaches into the tens of billions. To put it another way, this permabeg's art is plausibly more valuable than that of all living American artists combined.
>>7734609>To demonstrate that this is a tax evasion schemeGreat plan, today I will make the most airtight tax evasion scheme, except for the fact that I will demonstrate to everyone that I am doing it. Once you figure that out, my whole scheme is ruined.>art isn't worth that much without the clauses in our system that allow it to be exploitedSays who? How much would the Sistine Chapel be worth according to you? A Rembrandt? A Picasso? Do you think that the art market should have tiered prices based on whether /ic/ considers them /beg/, /int/ or pro?>If houses weren't allowed to be used as collateral, it'd still be worth a lot.House prices can be pumped the exact same way the art market can be. Just look at the 2008 housing market crash.>The point is they WOULDN'T if art wasn't allowed to be used as assets to manipulate the system.The rich would definitely pay millions of dollars for art. They already have houses, food, and transportation. Art offers prestige and the image of appearing cultured. I'm not saying there isn't manipulation, but it's a manipulation of a market that would've existed no matter what. Art was not "allowed" to be asset just because Shlomo lobbied it to make it so. Literally every single culture and civilization throughout history has made art. Cavemen painted on walls and carved patterns into pottery. Everyone values art. Just because you're a poorfag with no disposable income, doesn't mean that people wouldn't spend money collecting things like MTG cards, old coins, Gunplas, and Rolexes even if their phone can tell them the time.
>>7734859Yeah but people don't value the shit art that is prices so high.
