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How Americans Profited Off Looted Art
1m 46s
The explosion of new museums in post-war America increased the demand for art –while, at the same time, those looking to shrink their taxable income were being given tax breaks for charitable donations. These two factors created a “very murky” market, explains restitution attorney Raymond Dowd, as “museums became filled with toxic assets. Almost no one had a motivation to look into provenance.”