How do wealthy protect their wealth through art and paintings

Nation building via learning and being the best in business

So painters get rich if they have painter

1.  The wealthy buys commission the painter

2.   The wealthy pays the painter say P40 m for somethign that could be ugly

3.   Then the wealthy puts the painting at warehouse (a freeport)

4     Then they put up the painting for auction.   

      The purpose is to up the price.   The price goes up to P80M

5.  Then the wealthy person donates the art piece to a museum.

      The museum accepts the donation which is tax free

It is a financial weapon disguised as philanthropy or culture.

The art tax yield/write off