Iron-clad security contrasts beautiful sculptures. State-of-the-art equipment, biometric scanners, strong rooms, seven-tonne doors, vibration-detection technology and even systems to suck oxygen from the vaults in the case of a fire, releasing inert gas to extinguish the flames…. all to protect the precious commodities stored between these walls. It’s a scene out of Mission Impossible, but the reality is that these freehold ports are now a growing trend across countries which wish to store art and other precious collections of the super wealthy and tax-savvy entrepreneurs. The elite have found another way to dodge financial laws as they stow away their art for years at a time without incurring levies, saving them up to 34% on taxes, according to a report in The Economist. [1] “Freeports” can be found in several international airports, including Luxembourg who has finished their architecturally-sound structure sporting all the high tech security that an uber-geek could imagine. Technic...
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