In the business world, there are many ways to transfer assets, but there are few that can be truly clever and hidden. Today, let's unveil the mystery of how Yan Lugen, a real estate developer in Nanjing, uses art to transfer assets.
Yan Lugen, a native of Jiangning, Nanjing, was formerly a journalist. In the 80s of the 20th century, he rose to fame with a report on entrepreneurs in the towns of Jiangning. In the course of the interview, he deeply experienced the charm of business and the opportunity to make money, so he resolutely resigned from public office and devoted himself to business.
In 1992, Jiangning County was withdrawn from the county and established as a district, becoming a key development area in Nanjing. Yan Lugen saw the opportunity, opened a construction company, and began his road to real estate development. He keenly discovered the business opportunities of cheap land in Jiangning District, decisively purchased a piece of land close to the lake, and opened up the fish ponds of surrounding farmers to create a beautiful Baijiahu community. Through low prices and clever advertising strategies, he successfully attracted Nanjing people to buy and earned his first pot of gold.
However, with the nationwide property market booming, Yan Lugen realized that real estate development alone could no longer meet his wealth growth needs. He began to look for new directions for investment, and the art market became a new continent for him.
In 2014, Yan Lugen announced his retirement from the real estate industry and transformed into investing in art. The decision came as a surprise to the outside world, as the real estate boom continues. However, Yan Lugen has his own plans. He knows that with the continuous development of land, it is difficult for him to compete with large real estate developers. The art market, on the other hand, is relatively flexible, making it easier to quickly transfer and increase the value of assets.
Thus, Yan Lugen began his journey of art collecting. He frantically swept the world, and Europe and the United States became his most frequented places. The works of more than 100 foreign masters such as Picasso, Rodin, Rubens, Monet, Moore and so on have been included in his collection. He even revealed that at least 1.5 billion yuan was spent on art collections.
However, Yan Lugen's collection is not simply a personal hobby. He has a more subtle purpose – to transfer assets through art. He chose to buy works by foreign artists because they were highly circulated abroad and easier to sell. And he never sells the works of foreign artists in order to hide his true purpose. In addition, he deliberately stores these works of art in bonded warehouses so that they can be transferred to other countries at any time.
In order to cover up his transfer of assets, Yan Lugen also specially held an "international art festival" in Nanjing. In the name of the festival, he sent money overseas to buy art, and declared himself "the man who brought Picasso back to Nanjing." In this way, his asset transfer behavior is covered with a layer of "cultural exchange", which is even more difficult to detect.
However, no matter how Yan Lugen tried to cover it up, his transfer of assets was finally revealed. From 2014 to 2017, he managed to transfer 1.5 billion yuan through the purchase of art. In order to transfer the last bit of money, he even asked Baijiahu employees to send money abroad in their personal names. However, this blatant violation of the law eventually attracted the attention of the relevant authorities.
Just as Yan Lugen was about to enjoy his "retirement life", the sudden epidemic disrupted his plans. He couldn't wait to fly to the United States, where he hoped to spend his old age in peace. However, unexpectedly, he died in New York in 2022 at the age of 67. The family did not disclose specific details about the cause of his death, but there is widespread speculation that it was related to the virus.
Yan Lugen's death brought an end to his journey to transfer assets. However, his story leaves a profound inspiration for us. In the pursuit of wealth, we cannot ignore the constraints of law and morality. Only by accumulating wealth legally and compliantly can we truly achieve freedom and security of wealth. At the same time, we should also be wary of those who try to transfer assets through illegal means, so as not to fall into a situation from which they will not recover.
Yan Lugen's story teaches us that transferring assets is not a one-time thing. While pursuing wealth, we need to pay more attention to the security and preservation and appreciation of wealth. Only through proper investment planning and asset allocation can we ensure that our wealth can continue to grow and protect in the future.
In addition, we should also recognize that the art market, while it has great investment potential, is also a risky market. When investing in art, we need to keep a clear head and be cautious, and avoid blindly following the herd and excessive speculation. Only in this way will we be able to reap long-term gains and returns in the art market.
In short, Yan Lugen's clever use of art to transfer assets did not bring him real stability in the end. We should learn from this experience, insist on accumulating wealth in accordance with laws and regulations, and pay attention to the safety and preservation and appreciation of wealth. At the same time, we must also maintain a sense of awe for the art market and face this market full of opportunities and challenges with a rational attitude. Only in this way can we go further and more steadily on the road of pursuing wealth.
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