Subject line says it all.
In all seriousness- can you say money laundering?
Scott
In all seriousness- can you say money laundering?
Scott
$6.2M for a banana and duct tape (art display). The end is near!
- Thread starter slo town
- Start date
When I first read your post, I thought maybe you needed to step away from the keyboard. Then I did a search and found this:
https://www.npr.org/2024/11/21/nx-s...anana-sells-for-6-2-million-at-an-art-auction
You are correct, the end is near.
https://www.npr.org/2024/11/21/nx-s...anana-sells-for-6-2-million-at-an-art-auction
You are correct, the end is near.
"Or, more accurately, Sun purchased a certificate of authenticity that gives him the authority to duct-tape a banana to a wall and call it Comedian."
Tonight I will make a counterfeit for about a buck on my own wall.
Can't wait to hear what the wife says.
Can't wait to hear what the wife says.
There is a sucker born every minute...and apparently some are rich.
Money laundering is a big part of the "Art world".
See Hunter.
See Hunter.
So how does one launder money in the art world? The Globe and Mail reports that some of the cases are very straightforward. Let’s suppose someone has $10 million dollars on hand. They could buy a Picasso at an auction in, say, Geneva, and have the painting immediately moved to storage at a “freeport,” or a high-security storage space near the airport. The painting could be then anonymously sold without ever moving an inch, and the new buyer would have it retrieved from the same freeport. Suddenly, the original buyer, turned seller, has money from what is considered a legitimate business deal. The Economist estimated in 2013 that the Geneva freeport might hold $100 billion worth of U.S. art, sitting tucked away in a space that also functions as a tax haven.
https://www.artandobject.com/news/how-money-laundering-works-art-world
https://www.artandobject.com/news/how-money-laundering-works-art-world
My high school guidance counselor always suggested I look into taping fruits and vegetables to walls. Boy, was he right!
When I saw that, told my son he is trying too hard with his work (he recently graduated with a BS in Fine Arts) 
. Told my wife I have one in my pants and she said there is NO way it's worth anywhere close to $6.2M 
.
. Told my wife I have one in my pants and she said there is NO way it's worth anywhere close to $6.2M .
It's an obvious money laundering scheme and has been like that for a long time. The problem is the idiot poor people agreeing that's art just because someone paid so much money for it and that it has been exhibited.
Crystal clear proof of sheep like mentality or group think.
Crystal clear proof of sheep like mentality or group think.
Crypto billionaire makes his world go round. Makes that up 6.24 million in less than a hour.
I can sell the same for a PLM downpipe, ultra racing 4 point brace and a case of Redline 0w30
Art is just colourful pieces of stupidity that belong on a firing range.
Triple_Se7en
$50 Site Donor 2024
Outrageous! We should be able to get a taped, non-bruised banana for $6.2M.When I saw that, told my son he is trying too hard with his work (he recently graduated with a BS in Fine Arts)
The bananas in Beverly Hills Copy were far more artistic.
l can get you one for $6.3M. I'd say it's a ...ripe investment!
Greater fool theory.
You can hide a lot of crap under the word "art".
You can hide a lot of crap under the word "art".
