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I was astonished when I met this 20-something art dealer here in Sao Paulo at an event. He was talking about how, after graduating he developed a passion in de
by mateus1 9y ago
I was astonished when I met this 20-something art dealer here in Sao Paulo at an event.
He was talking about how, after graduating he developed a passion in dealing art, some 2 years later the guy has opened 4 or 5 galleries around the world.
Quite a star, right? Then I found out he's the son of one of the most notorious corrupt politicians in Brazil...
- badosu 9y agoArt is huge in money laundering, e.g. https://www.nytimes.com/2017/11/17/arts/design/bernardo-paz-inhotim-prison-brazil.html https://www.nytimes.com/2017/11/17/arts/design/bernardo-paz-... Casinos and jewelries as well, anything that might have a lot of non-tangible value and can be inflated without questions. I am not too aware of markets outside of Brazil, but I'd assume sports teams and auctions are big too. I remember that in the last 15 years there were a lot of football team acquisitions by russians in europe.