this post was submitted on 21 Nov 2024
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The taped banana - now perhaps one of the most expensive fruits ever sold - was actually bought earlier in the day for a mere $0.35, according to the New York Times.

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[–] [email protected] 41 points 2 days ago (3 children)

Yo I was about to comment this.

Like literally.

How do you transfer a huge amount of money.

Just get the receipient to create "art"

Instruct receipient to sell "art" for the amount of money

Voila, legal money laundering!

[–] [email protected] 1 points 1 day ago

Was commonplace in vanilla wow, you would see common items in the Auction House selling for silly prices - those were the players buying gold. Washing it via the auction house making it seem more legitimate.

[–] [email protected] 3 points 1 day ago (1 children)

I don't understand how buying art with 6.2 m in cash is not going to be suspicious though?

[–] [email protected] 5 points 1 day ago

Because you “can’t put a price on art”. Assuming there’s a sales tax or something for the sale, it’s pretty much a legit sale.

[–] [email protected] 14 points 2 days ago* (last edited 2 days ago)

Yeah, it's the first thing I thought. Everybody else sees it too, right? This is well past dadaism.

...but wasn't this the case all along in the art market, except for institutional buyers?