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Ghost in the Machine

(14,912 posts)
Fri Dec 21, 2018, 10:45 AM Dec 2018

Trump 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 York’s Attorney General for misuse of “charity” funds. The agreement with the attorney general’s 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 Trump’s 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.
https://shareblue.com/trump-foundation-portraits-40000-loss/?fbclid=IwAR01JauAi97WV2TNvdG9rDK9X2bjLSm9rnKoQz-vFldiBdVPhhYajza0c_U

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Trump forced to sell portraits of himself at a loss of over $40,000 (Original Post) Ghost in the Machine Dec 2018 OP
I think they are worth more and Trump will probably arrange for a sham sale. nt delisen Dec 2018 #1
I know what no one wants for Christmas. Corgigal Dec 2018 #2
Or, if you are a rich Trumptard. ooky Dec 2018 #7
Then sit in your room looking at all of it ooky Dec 2018 #8
These will go for big money. I'm pretty confident of that. NT WeekiWater Dec 2018 #3
Some Russian oligarchs will probably buy them. Dave Starsky Dec 2018 #4
I think this article is wrong genxlib Dec 2018 #5
perhaps turning them into toilet paper will turn a better profit. nt Javaman Dec 2018 #6

Corgigal

(9,291 posts)
2. I know what no one wants for Christmas.
Fri Dec 21, 2018, 10:50 AM
Dec 2018

Even for pennies on the dollar.

Unless you need it for your fireplace, to stay warm. Then fine.

ooky

(8,922 posts)
7. Or, if you are a rich Trumptard.
Fri Dec 21, 2018, 11:29 AM
Dec 2018

Display your painting of Glorius Leader prominently between your gun collection cases.

Dave Starsky

(5,914 posts)
4. Some Russian oligarchs will probably buy them.
Fri Dec 21, 2018, 10:57 AM
Dec 2018

Can easily launder a few hundred thousand dollars that way.

genxlib

(5,524 posts)
5. I think this article is wrong
Fri Dec 21, 2018, 10:58 AM
Dec 2018

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

Don’t get me wrong. I wouldn’t pay a dime for any of it. But you can’t tell me there isn’t 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 didn’t buy them above original cost just to save him the embarrassment.

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