UPDATE: Trump Foundation forced to sell crap they valued at $42K; actually worth $975.

[catbyte]

Link to tweet

UPDATE: NY AG says that @realDonaldTrump's Fdn will have to sell off its 3 physical possessions, including a Tim Tebow-signed helmet, and 2 paintings of Trump himself.
Trump paid $42K for them, using foundation $.
Now says they're worth $975 combined.https://www.washingtonpost.com/politics/trump-agrees-to-shut-down-his-charity-amid-allegations-he-used-it-for-personal-and-political-benefit/2018/12/18/dd3f5030-021b-11e9-9122-82e98f91ee6f_story.html?utm_term=.7938562f0b60 …

10.3K
5:20 PM - Dec 18, 2018

[RainCaster]

1. He does make the best deals, doesn't he?

So much winning

[Yo_Mama_Been_Loggin]

2. How sad

[NanceGreggs]

3. How much are the paintings going for?

They'd make great dart-boards in some upscale NYC bar.

The bar could charge a buck a dart-throw - the proceeds going to a real charity.

[underpants]

6. Nada. The foundation paid for one painting because no one else bid on it.

Trump Only Spent $10,000 in Charity Money on a Portrait of Himself Because No One Else Wanted It, His Lawyers Say

“Trump donate[d] $10,000 to start the bidding,” explained Alan Futerfas, the foundation’s lawyer, to the court, as reported by Bloomberg. “When the bidding goes on and no one else bids, they’re stuck with the painting.”

https://news.artnet.com/art-world/trump-foundation-lawsuit-painting-1380817

[NanceGreggs]

14. I understand that.

I'm just curious as to what price the foundation will be unloading the paintings for now. As I said, great dart-board for some lucky establishment!

[underpants]

19. Yes

Great dart board.

[mopinko]

17. um. isnt this shill bidding?

hahahahahahaaaa

[Totally Tunsie]

41. Could also be rented out for

"Pin the Tail on the Jackass" .

[The Genealogist]

4. "3 physical possessions, including a Tim Tebow-signed helmet, and 2 paintings of Trump himself"

So I guess the helmet is worth $974.80, and the rest is the value of the paintings?

[rpannier]

12. Nope

The Tebow helmet is worth about 6k. The paintings are minuses, whittling the value of the whole thing to 974 and change.

"I'll take that painting off your hands, if you give me a couple thousand to take it."

[The Genealogist]

13. Sounds more accurate

[Denzil_DC]

18. They should throw in a free bowl of soup

[underpants]

21. 17 seconds of Rodney

"...so don't tell 'em you're Jewish"

[underpants]

5. He values his golf properties and other things on how he feels on a given day

Golf Digest has covered this extensively
https://www.golfdigest.com/story/donald-trumps-financial-disclo

Since the collapse of 2008 "valuation" is the key especially in the accounting world. "It's all about valuation now" someone I know who has a pretty impressive client list.

[Just a Weirdo]

7. I'll bid a penny for a Tebow-signed helmet

so I can properly burn it to remove his existence from the Denver Broncos.

[Fritz Walter]

11. Or use it as an emergency bedpan

Fitting Timmy's NFL career. A receptacle for human waste when absolutely nothing else is available.

[George II]

16. I wonder if trump realizes that Tibow was one of the first to "take a knee"?

[Freethinker65]

8. Can the people that did not know the foundation was Trump's personal slush fund sue

Sue to get their charitable donations back?

[Princess Turandot]

42. This was a private family foundation, not a public charity..

It didn't do any fundraising. So, while there were some non-Trump donors to it, I believe they all had some kind of connection to Trump, and made contributions to it, I assume, at his suggestion.

Donors did get their tax deductions. And given that his foundation didn't support some specific cause, the donors may not have been too concerned about what was done with the money. I mean, if you wanted to support research related to a particular medical condition, you would likely donate to a public charity that focused on that illness, not something like the Trump foundation.

[TruckFump]

9. The Art of the Deal!

Yeah, right, that's it!!!!!

[DoctorJoJo]

10. Or Fart of the Steal!

[flibbitygiblets]

24. Shart of the squeal!

[George II]

15. I wonder how much they'll get for all those bronze T, R, U, M, and P letters pried off buildings?

[House of Roberts]

30. Melted down for scrap?

Maybe $2 a pound depending on the scrap dealer.

[sarcasmo]

22. Tax cheating grifter should have been in prison many moons ago.

[jmowreader]

23. The article is a true delight

It says the smallest donation made by his "foundation" was a $7 gift to the Boy Scouts. That's what it cost to register a boy into a Scout troop, and it was made the year Don Don Trump turned eleven.

Translation: Trump is such a cheap bastard he won't even pay his kid's Boy Scouts registration fee.

And in case you're wondering, the Boy Scout Law says a Scout is trustworthy, loyal, helpful, friendly, courteous, kind, obedient, cheerful, thrifty, brave, clean and reverent - all the things a Trump is not.

[dawg day]

28. I'll never understand how Donnie Jr ends up adoring his father in that sloppy way of his.

And Eric-- ignored, and now unemployed!
Didn't he supposedly run this foundation?

[meow2u3]

25. Someone could use that portrait of Trump for a dart board

[PoorMonger]

26. So you're telling me.

That the Tebow helmet was worth $975.

[Still In Wisconsin]

27. Buy high, sell low.

What a genius.

[hatrack]

29. Of all today's delightful headlines, this might be my personal favorite

[Initech]

31. That's Mr. "Art Of The Deal" at work!

[Tommy_Carcetti]

32. One could say that $974.98 is a little high for a Tim Tebow helmet

That being said, he did win a Heisman and beat the Steelers in the playoffs so I suppose there’s a niche market for that.

[whopis01]

39. I think it was more likely $1000 for the helmet

and pay someone $25 to take the paintings to the dump.

[D_Master81]

33. His whole world is probably like this

He says something is worth XXX amount, its actually worth 15% of that. I wonder if you exclude debt if his net worth is even 100 million. Which is sill a substantial amount, but he's claimed 10 billion.

[Mr.Bill]

45. I think his net worth is a negative number.

He owns a few resorts that generate cash flow that supports his life style as long as he stiffs everyone he owes money to. And those resorts are most likely hocked for an amount far above their actual worth.

Keep in mind he has not released one document that proves me wrong.

[volstork]

34. This is the perfect

metaphor for his entire life.

[Pluvious]

35. Maybe The Trump Presidential Library Foundation can buy the Beautiful Paintings nt.

[Dawson Leery]

36. Which one is valued at $974.98? The painting or the Tebow helmet?

[Just a Weirdo]

38. I'd say the painting, even that is way overvalued.

I value both at zero, so the actual value is zero.

[Pachamama]

37. A painting of Trump worth $0?

Sounds about right....

[UniteFightBack]

40. Can't they find a rich deplorable to buy it for an even grand?

[Ciaphas Cain]

43. Bulk discounts

Comes with your very own replica federal indictment at no cost, just pay shipping!

[barbtries]

44. i wouldn't be surprised

if $975 isn't more than they actually spent. money in their pockets.