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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump forced to sell portraits of himself at a loss of over $40,000
By Oliver Willis - December 19, 2018
Trump will have to get rid of two paintings of himself that were acquired using money from his corrupt foundation at a loss of thousands of dollars.
The sale is part of the fallout from the ongoing lawsuit against the Trump Foundation by New Yorks Attorney General for misuse of charity funds. The agreement with the attorney generals office says that Trump must sell two large portraits of himself that he spent $30,000 of foundation money on. The paintings are now valued at thousands of dollars less than what he paid for them.
One painting was a six-foot-tall portrait of Trump, a speed painting by artist Michael Israel painted in under six minutes during an event at Mar-a-Lago. The other painting is a four-foot-tall portrait of Trumps face that the Washington Post described as a a younger-looking, mid-90s Trump, painted in acrylic on top of an old architectural drawing.
Trump also spent $12,000 of money ostensibly donated for charity on a Denver Broncos helmet signed by former quarterback Tim Tebow.
Take together, all three items have been valued at $975 on a recent IRS filing, a drop in value of $41,025.
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delisen
(6,042 posts)Corgigal
(9,291 posts)Even for pennies on the dollar.
Unless you need it for your fireplace, to stay warm. Then fine.
ooky
(8,922 posts)Display your painting of Glorius Leader prominently between your gun collection cases.
ooky
(8,922 posts)having multiple orgasms.
WeekiWater
(3,259 posts)Dave Starsky
(5,914 posts)Can easily launder a few hundred thousand dollars that way.
genxlib
(5,524 posts)There is an assumption that the stuff will sell for less than $1000 because that was its stated worth. I think it is much more likely that the stated worth is undervalued as part of tax cheating
Dont get me wrong. I wouldnt pay a dime for any of it. But you cant tell me there isnt someone somewhere in this cult of personality that will pay stupid money to have these things.
Hell, I would be surprised if one of his rich backers didnt buy them above original cost just to save him the embarrassment.