A report out this month by The White House admits artwork sales could be used to cover-up illicit financial dealings, raising eyebrows as Joe Biden’s own son Hunter has been accused of shady art deals.
The report on “countering corruption” directs the Treasury to investigate ways the art and antiquities markets facilitate “money laundering, terrorism finance, and other illicit financial dealings through the trade in works of art.”
“The markets for art and antiquities—and the market participants who facilitate transactions—are especially vulnerable to a range of financial crimes,” the report states on page 24.
“Built-in opacity, lack of stable and predictable pricing, and inherent cross-border transportability of goods sold, make the market optimal for illicit value transfer, sanctions evasion, and corruption.”
The report issued by the Biden administration ironically comes as many have accused Joe Biden’s amateur painter son Hunter of shady art deals, especially as purchasers remain anonymous while his works fetch prices paralleling those of world-renowned painters at auction.
The White House report caught the attention of former President Barack Obama’s ethics chief Walter Shaub, who has been urging the Biden administration to halt sales of the art due to its lack of transparency.
“The White House just issued a report flagging that money laundering is a problem in the… wait for it… art sale industry,” Shaub tweeted Monday.
The White House just issued a report flagging that money laundering is a problem in the… wait for it… art sale industry: “The markets for art and antiquities—and the market participants who facilitate transactions—are especially vulnerable to a range of financial crimes.” /1
— Walter Shaub (@waltshaub) December 6, 2021
“Hunter Biden should cancel this art sale because he knows the prices are based on his dad’s job,” Shaub also tweeted in July. “Shame on POTUS if he doesn’t ask Hunter to stop.”
Back in October, Shaub blasted White House Press Secretary Jen Psaki when she dismissed questions after five of Hunter’s first prints sold for $75,000 apiece.
“These are legitimate questions,” Shaub said. “It’s disappointing to hear [Psaki] send a message that the WH thinks the public has no right to ask about ethics. After the last 4 years, these questions have never been more important. I know this isn’t a popular opinion, but this stuff matters.”
Later that month, Rep. Ken Buck (R-Colo.) slammed sales of Biden’s art during a House Judiciary Committee hearing, pointing out Hunter’s amateur works curiously fetched prices similar to those of acclaimed impressionist artists Claude Monet and Edgar Degas at auction.
After Rep. Buck explained the Monet and Degas paintings were listed at Christie’s auction company for $700,000 and $500,000 respectively, he turned to Hunter’s works.
This might be the GREATEST thing you'll watch today. 🔥@RepKenBuck absolutely NUKES Hunter Biden's crack art and Biden's family corruption in under 5 minutes— Leaves AG Garland SPEECHLESS.
WATCH THIS. pic.twitter.com/QanY6glGIZ
— Benny (@bennyjohnson) October 21, 2021
“You may recognize this painting is a Hunter Biden. The Hunter Biden painting sold for $500,000,” Rep. Buck said, adding the president’s son had no formal art training and was unable to find a gallery to host his works prior to 2020.
“And what happened in 2020 that changed all that, is that his dad became president of the United States. Now a single piece of art from Hunter Biden sells for more than the average American home.”
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