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.

  • Dangitbobby [none/use name]
    ·
    3 years ago

    I feel like artists bear a lot of the blame. They got a divorce from us a long time ago and never regretted it. They ascended into an ivory tower and love their lives far away from the great unwashed. One can only expect a negative reaction from one spurned so harshly.