Politics - News Analysis

Trump Rigged an Auction so His Portrait Would Go For the Highest Price — Then Acted Surprised

The Michael Cohen public testimony hasn’t even begun yet, and already the lawyer’s statements are at odds with Donald Trump’s public image of himself.

Cohen — who is frequently described as Trump’s loyal “fixer,” but has since flipped to cooperate with investigators — describes in his opening statement a time in 2013 that “Mr. Trump directed me to find a straw bidder to purchase a portrait of him that was being auctioned at an Art Hamptons Event.”

Cohen goes on to say:

The objective was to ensure that his portrait, which was going to be auctioned last, would go for the highest price of any portrait that afternoon. The portrait was purchased by the fake bidder for $60,000. Mr. Trump directed the Trump Foundation, which is supposed to be a charitable organization, to repay the fake bidder, despite keeping the art for himself.

While that would be juicy enough on its own, the real scandal is that Trump publicly feigned surprise about the whole scheme in a 2013 tweet:

This is one of three paintings alleged to have been purchased with Trump Foundation money.

It was previously reported that Trump’s charitable foundation, the Trump Foundation, paid $10,000 for an oil portrait of Trump at a 2014 auction after no other bids were made on it. It was also reported in 2016 that Trump used $20,000 of his charity foundation’s funds to buy a painting in 2007.

The Washington Post’s David Farenthold, who has reported extensively on Trump’s finances, on Wednesd said that Cohen’s testimony discusses a 9-foot painting, and the revelation that charity money was used to pay for it is new information.

Farenthold also noted that the alleged payment for the painting was not listed on the foundation’s IRS filings from that year.

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