(Spoiler alert.)
All of these famous paintings hidden away in the private collections of rich people instead of being in public galleries.
(Spoiler alert.)
All of these famous paintings hidden away in the private collections of rich people instead of being in public galleries.
(Sometimes, collectors who own valuable instruments lend them to accomplished musicians, perhaps even on a long-term basis. I think that's admirable!)
It probably wouldn’t work for any instruments more fragile than a solid-body guitar, but I’m really glad to have had the experience and I wish there were more opportunities to do the same with other musicians’ gear hoards.
I'm all for that attitude
It’s still better for the world that culturally significant art be owned by museums, than by private collectors, even if most of the art is not on display all the time.
And of course nobody ever gets to see it. Maybe not even the new buyer unless they’re particularly interested in art rather than just trading as an investment. The documentation shows that the Picasso is in Geneva building D section F room 37 shelf B, that’s good enough to buy it for $10M and sell it for $15M later.
The idea makes sense: you ship something (some part of a jet engine) from the US to Nigeria, and the trip involves a cargo plane change in Geneva. You don't want to pay import duty to switzerland just to ship it out a few days later so you store it in a guarded warehouse for those days and legally it never enters the country.
Then some folks got the idea that they could simply store other expensive assets in such a place. I assume most of it is for money laundering and/or big transactions for illegal goods.