Pay with Art

Pay with Art

Problem

How do you encourage the donation of art to French museums? Pulling famous works of art out of private collections into public view.

insight

Many wealthy families are asset rich versus cash rich. What if you could use your art collection to pay for things?

idea

“Dation en Paiement” (“Payment in Kind”) allows individuals or estates to settle inheritance or wealth taxes by donating works of art. Picasso’s heirs used the dation en paiement to settle his estate taxes, resulting in the creation of the Musée Picasso in Paris.

Sources: France Taking Picassos as Taxes