President Joe Biden's decision not to seek re-election will reduce the value of Hunter Biden's art, according to art market experts.
This assessment indicates that Hunter's artistic career was just another means by which he sought to profit from his father's career as a U.S. senator, vice president, and now president. “His father is no longer relevant in the political maelstrom,” says Charlie Horn, president of art appraisal and advisory firm Gar Johns. said of new york times. “I think over time his market will probably wash out,” he added. “His fame won't last long. I don't think he's gained any real traction.”
According to Congress, Hunter sold the paintings for $1.5 million to just 10 people through the Georges Berger Gallery. testimony One of the buyers, Hunter Biden's Hollywood lawyer and Sugar brother Kevin Morris, bought 11 works for a total of $875,000. Morris also helped Hunter. forge A framework for selling art to anonymous buyers through dealers connected to the Chinese art market.
The art market is known for its corrupt and shady practices. 2020 Senate Subcommittee Report be familiar with How the art market functions as a vehicle for money laundering. The White House report also details the art industry as a “market” where financial crimes occur, but does not mention the Biden family's involvement in the market. The White House defended Hunter's plan: consistent With “the highest ethical standards”.
Industry experts say Hunter's name recognition may not match that of artists such as Johnny Depp, Anthony Hopkins and Jim Carrey, but he could maintain some interest from art buyers because of his name's notoriety. states. “Value is probably not something inherent in the work itself,” says Natasha Degen, director of art market research at the Fashion Institute of Technology. “There was certainly a disconnect between the price and the critical evaluation of the work.”
“However, I think there will still be collectors of his work,” Adam Thompson, a prominent Miami artist, told Breitbart News. Of course, the price of Hunter's art will come down from its ridiculously high price of $500,000. This is because if the “big players'' disappear, the entire market will essentially dry up. ”
Hunter began her career as an artist after Joe Biden became president, but her father retired in July after pressure from Democratic Party leaders threatened to force Hunter into retirement. I decided to. “I think it will have a more negative impact on my son's art than the conviction,” Horn said of Biden's withdrawal from the campaign.
Hunter pleaded guilty to tax charges in September after a Delaware jury previously convicted him of gun crimes. In either case, his sentencing will be set after the presidential election and before Joe Biden leaves the White House in January. Joe Biden has promised not to pardon his son, but Joe Biden has not said whether he will commute Hunter's sentence.
It's unclear whether Hunter will continue painting if he goes to prison.
“All I know is that tomorrow I will wake up and find time to make art,” Hunter said. times. “And whether or not my paintings sell in the future, I'm going to practice my art every day I can for the rest of my life.”
Flashback — Fmr. Ethics Chief: WH gave a “seal of approval” to Hunter, who was profiting from his father’s work by hiding the identity of art buyers so he could earn more.
Wendell Husebo is a political reporter for Breitbart News and a former RNC war room analyst. he is the author of politics of slave morality. Follow Wendell “×” @WendellHusebø or society of truth @WendellHusebo.
