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PaperclipPerfector  1yr ago (text post)   5474 thread views

Small-Scale Question Sunday for September 24, 2023

Do you have a dumb question that you're kind of embarrassed to ask in the main thread? Is there something you're just not sure about?

This is your opportunity to ask questions. No question too simple or too silly.

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It seems like it would be hard to pull off this trick without faking the appraisal; if the artist's paintings are for-real worth $5,000,000, then he could just paint them and sell them for that price rather than accepting literally 0.01x that payment from you.

Elsewhere I said:

Just like with regular art, I think the process of donating it to charity actually increases its fair market value. Also, the fact that it was commissioned (rather than being sold directly by the artist) increases its fair market value. Yes, that isn't how these things should work, but art is mostly signaling anyways so in this case you literally get what you pay for; the more you pay the more valuable it is.

So, I think it is evident that there exist situations where I could create, then donate, an art piece worth $5MM, without being able to create and sell the piece for anywhere near as much.

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