3 ms·
Why did a red and blue colored canvas by Mark Rothko sell for 75 million dollars? Memes are weird and money is even weirder.
by mbrock 9y ago
Why did a red and blue colored canvas by Mark Rothko sell for 75 million dollars?
Memes are weird and money is even weirder.
- r0fl 9y agoEasy way to launder $75,000,000 out of China by buying the canvas, transporting it out of China and then selling it. That's why it's worth $75,000,000.
- deleted 9y ago[deleted]
- solotronics 9y agoI find it odd that everyone thinks Chinese money laundering is the source of high valuations and not unprecedented amounts of central bank money creation. It is a function of their own efforts to devalue their currency more than the foreign ones so that they stay competitive exporting. Bubbles all around.