Transparent art funds that embrace technology, lawful conduct, and the scientific method to do business are what is needed. It must be understood that clients expect to multiply their capital legally, timely and responsibly, which is a much larger responsibility than just selling art to the highest bidder. Without a doubt, art funds are responsible for leading the market instead of just reacting to it. Reasonable, thought through regulations that help all market participants equally generate wealth, create transparency, freedom, and accountability must be promoted. Leaders of art funds must understand this and hold themselves to a higher standard than everyone else.
I’m a big fan of gold in all of its beautiful forms, from bullion and coins to jewelry and antiques. Then again, who isn’t? However, in my experience, as the president of the Tamoikin Art Fund and the founder of the Soviet Jewelry project, ancient gold or as I like to call it “ancient aurum” is one of the best assets to own. Why so?
How Professor Mikhail Tamoikin Survived Kidnapping and Torture in Ukraine, then a Mob Hit in Lithuania
In August of 2015 Mikhail Tamoikin was kidnapped at gunpoint in the center of Kiev, chained and dragged into a car, taken to a boat, where he was beaten and tortured. Miraculously he managed to escape by jumping into the river and swimming for 12 km to safety. After calling the local police, Mikhail quickly learned that the corrupt Ukrainian government officials and “on the take” law enforcement officers were responsible for his kidnapping. Prof. Tamoikin managed to barely get out of Ukraine, moving to Lithuania, but that did not stop this international criminal candidate. Just two months later a second attempt on his life took place. An unmarked car with a masked driver intentionally hit Mikhail in Vilnius city, and when he survived that, these criminals, dressed as policemen, tried to finish the job.
Art and terrorism seem to be worlds apart, however what most people perceive as heritage and culture – criminal organizations see as cold hard cash. Cash that is hard to trace and very easy to move undetected through the borders of any country. Authorities worldwide must weak up and treat this as a major security threat!
Ukraine is in rough economic shape with a lot of debt. The Ukrainian government has been asking the US and EU to bail them out of their turmoil. Both the nation, and its citizens desperately need new revenue and debt free cash. However, amongst all of this chaos, they can miraculously afford destroying historical, financially viable monuments. Why?