Heard it a few times and it certainly seems like something that would happen but is there any proof or real world examples?
Can an Appraiser just make something worth $20m based purely on their say so?
EDIT: Thanks some great replies! and yeah i was asking more about the tax evasion part than the 'modern art is bad lol' angle.
Is it possible to change or reverse this trend?
Maybe, lefty memes have been doing a number on their stranglehold. Sadly as long as liberals remain in majority control (they're propping them up) those communities are here to stay.
There's a reason why looking up your favorite meme on google gets you literal Nazi shit, and it isn't because the Nazi memes are more popular.
So… 5-10 more years tops, or forever if Gen X starts uploading their brains to the internet or some slag like that.
It's not looking super great, I'll admit.