Hunter Biden's art has sold for $1.5 million, but it's still not enough to cover his massive debts

"With respect to the loans, I am confident that Hunter will repay," Hunter Biden's attorney said.

Published: January 24, 2024 10:12am

Updated: January 24, 2024 10:17am

Hunter Biden's artwork has sold for $1.5 million to 10 buyers, but it is still not enough to cover his millions of dollars of debt. 

Art dealer and gallerist Georges Berges received 40% of the sales while the first son received 60% under their agreement, The Washington Post reported. This means President Joe Biden's son has received about $900,000 for his artwork. 

The largest art buyer was Hunter Biden's attorney Kevin Morris, who also loaned the first son $5.9 million between 2020 and 2022 for his tax payments and personal expenses. Morris purchased 11 paintings for $875,000 in total. 

"I really like Hunter’s art," the Hollywood attorney told members of the Oversight, Judiciary, and Ways and Means Committees during an interview last week, according to a transcript of his testimony. His interview comes as part of the Republican-led investigation of corruption allegations against President Biden and his family.

"With respect to the loans, I am confident that Hunter will repay," Morris also told the committee. He said the loan is inconsequential, as it is less than 5% of his assets. 

He said the loan wasn't made out of a desire to boost then-candidate Biden's presidential bid, but it was because he was moved by Hunter Biden's financial struggles. 

While three of Hunter Biden's art buyers have been publicly identified, seven still remain anonymous. 

It is unclear whether Hunter Biden potentially has more loans from other lenders, and if so, how much he may still owe. According to a CNN report last fall, Hunter Biden faces more than $10 million in legal bills.

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