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If taxes sound taxing to you, consider this alternative: move to Spain, purchase valuable and culturally significant artworks, and donate them to the Spanish government in lieu of tax. Just make sure they’re really significant artworks.
That’s what many prominent Spanish banks and corporations have been doing for years. The bank Caja Madrid got out of over $4 million in taxes by donating four works by Francisco de Goya to the Museo del Prado between 2002 and 2003, and in 2005 the urban infrastructure company Ferrovial donated a painting by John of Flanders worth around $8 million, The Art Newspaper reports.
However, in the past year there has been a marked decline in the efficacy of this art-for-taxes scheme. Much to the chagrin of the Spanish corporate elite, none of the artworks on the table made the cut: they were all deemed too historically insignificant.
But don’t despair, Spanish financiers: if your government’s tastes continue to prove too aesthetically conservative, you can always move to a number of other countries including France, the UK, and India that accept art donations as tax payments.
The new generation of artists and curators is eager to explore alternative organizations and to tackle current social inequalities and issues.
Her female nudes were extraordinary for the time because she portrayed female sexual desire. Her subjects defied conventional ideals of femininity.
No Vacancy, curated by Jody Graf, will be on view from October 26 through November 8 at the school’s Kellen Gallery in New York City.
Francis made over 10,000 artworks, starred in more than 100 solo exhibitions, and, in the late 1950s to mid-1960s, commanded the highest prices of any living painter.
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Art by Athena LaTocha, Wendy Red Star, Marianne Nicolson, Anita Fields, Jaune Quick-to-See Smith & Neal Ambrose-Smith, and more is on view through January 2022.
This week, the National Gallery of Art finally acquired a major work by Faith Ringgold, the director of The Velvet Underground talks film, North America’s Hindu Nationalist problem, canceling legacy admissions, and more.
Sculptures of Oaxacan alebrijes, envisioned as guardians of the nation’s immigrant community, and catrinas, Day of the Dead skeletons, are now at Rockefeller Center.