Defendant additionally agrees that he shall assign to the child [redacted] of his paintings over the next [redacted] which shall vary in size with a minimum size of 24×24. The child shall select the painting which shall either be sent to the child or sent to a gallery designated by Lunden Roberts. The net proceeds of any sales of paintings shall be wired to an account designated by Lunden Roberts.The art industry is known for shady business transactions.
Secrecy, anonymity, and a lack of regulation create an environment ripe for laundering money and evading sanctions. Adam Thompson, a prominent artist from Miami, told Breitbart News that Hunter Biden is trying to cash in on his infamous, scandal-ridden history by using an unregulated market. Without such notoriety in a shady industry, Hunter Biden’s art would be worth nearly nothing and his daughter would receive a raw deal.
“Scandal on this level is great for the value of an artist’s work,” he said. “But if a regular person were to sell Hunter Biden’s form of art, they would never be able to command the outrageous dollar amounts the pieces generated without the Biden last name.”