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A further level up, in segments of the art world, replicas can serve as a tax shelter to devalue art and relative value gains. If you have ever watched recent episodes of HBO’s "Billions," you’ve seen Bobby Axelrod go to extreme lengths to display original art while sneakily storing the replicas. What is interesting about this shift – is the change in mindset against older generations that established a culture of purity and gatekeeping. We all know Millennial ‘heads who would shun anyone with fake shoes, especially something coveted. If you want to enjoy your shoes, by all means, go ahead. But it’s just not the same as a legitimate collection.
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