June 18, 2014

If the £30 million Rembrandt painting was John Kay’s, when would he worry about Piketty taxing it?

Sir, John Kay writes about “The problem of finding fair value in fine art and finance” June 18.

And, in doing so he gives us the example of a painting that the National Trust has just discovered to be by a Rembrandt and estimating its value to be £30 million.

If that painting was hanging in John Kay’s home, when would he start worrying about Thomas Piketty taxing it?