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Old 11 May 2024, 06:15 AM   #40
WatchEater666
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Join Date: Oct 2019
Location: Salt Lake City
Posts: 1,691
I've always wondered if in some countries the delta between "appraised value" and what it actually goes for can be considered a tax deduction to a charity?

For example, if a piece is estimated to go for $50k by the charity and sells for $150k instead, can some people claim a $100,000 donation?

In the US, there's something similar with art where if you buy it and have it appraised at a higher value, you pocket the difference in imaginary donated $, it's pretty cool.

If so, it changes the math a lot for some bidders.
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