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ledow t1_j9754m1 wrote

Reply to comment by quats5 in Jeff Koons: Visitor breaks iconic Balloon Dog sculpture in Miami by kangarooturd

Also: Name a $42,000 small, portable, fragile object that you'd put on display where anyone can just touch it or knock it over.

Same for all those paintings worth millions that are just hung on a wall. It's an insurance scam. They're hoping they would be damaged.

And you can still enjoy them perfectly well if they were in a display cabinet or behind a sheet of perspex.

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GrandmaPoses t1_j97mexx wrote

Curators are not hoping shit gets fucked up, that’s ludicrous.

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DragPackDoug t1_j97pd3s wrote

That just proves that the curators aren't in on the scam

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Throwaway08080909070 t1_j97t9iq wrote

There are curators and there are curators, I believe that the ones caring for art that isn't mass produced crap probably care a lot more than ones looking at the 799'th balloon animal in a series.

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imnotsoho t1_j979kr3 wrote

Now that you mention it you may be right. I buy a painting for $1million, value goes to $20 million. I loan it out and someone lights it on fire. I collect $20 million, but since it is insurance payment for damages it is not taxable. Am I right?

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PotatoBus t1_j97g92y wrote

Capital gains may come into play, but I'm not an accountant.

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sighthoundman t1_j99z5id wrote

But if you donate it to a museum, you can donate the full $20 million AND not be taxed on the increase.

Changing that was considered when they changed the law from you deducting the blue book value of your donated car to only the amount actually received. Apparently the museum lobbyists are better than the PBS lobbyists.

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Yotsubato t1_j9aras3 wrote

The dude can just make another one easily. It’s the IP that costs 40k not the art itself. It’s essentially an NFT.

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