Kushner's lawyer attributes the omission to Jared and Ivanka collecting art for pleasure rather than business:
Mr. Kushner and Ms. Trump display their art for decorative purposes and have made only a single sale.
The White House rules on disclosing art collections are a little bit hazy, and depend on whether you intend to sell the art, or simply want to look at it. According to the Office of Government Ethics, "if the art is intended for investment purposes and is worth more than $1,000, it should be disclosed."
Trump and Kushner's collection is definitely worth more than $1,000 (works by Da Corte and Cohen are each worth about $500,000), but ethics lawyer Robert Walker told artnet that doesn't necessarily label them as "an investment." A much better indicator is whether or not the pair often buy and sell their art.
Kushner has sold only a single piece of art, which hardly qualifies as "frequent." According to Walker:
A single sale does not necessarily mean that Kushner will need to disclose his art assets.
Things are complicated slightly, however, by Ivanka describing the art collection as an "investment" in a 2015 article for her website titled “How to Start Collecting Art.” In the article, she says:
Think of art as an investment.
As Kushner and Trump try to get their financial disclosure in order, they might have an even larger problem to deal with: the artists who created their decorations hate it when their work appears in Ivanka's social media posts. After Ivanka posted a picture with one of De Corte's paintings in the background, he replied:
Dear @Ivankatrump please get my work off of your walls. I am embarrassed to be seen with you.
Whoops! Sorry, Ivanka and Jared - it looks like the art collection is causing more stress than it relieves lately.