The Easel

The Art of Secrecy

Mossack Fonseca is reluctantly a famous law firm, courtesy of the Panama Papers. And, it seems, they are very active art market intermediaries. Art masterpieces are an attractive (no pun intended) way to hold wealth beyond the reach of the tax man, divorce lawyers and (perhaps) family squabbles. The linked piece describes this trade in eye popping detail. A nice summary nails it – “The secrecy of the art world … is a cancer”