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Are we watching the new way of laundering money? What's wrong with laundering in the traditional way at art auctions?
by soco 5y ago
Are we watching the new way of laundering money? What's wrong with laundering in the traditional way at art auctions?
- lottin 5y agoThey save on storage costs, I guess.
- corobo 5y agoYou dont need to store it anywhere physically waiting for the next person
- WalterSear 5y agoYet again, crypto comes in to provide a revolutionary, groundbreaking solution to a problem that's already been solved. Antiques and art used in money laundering are generally warehoused with custodians for a relatively inconsequential fee. Ownership changes hands over and over, and the item doesn't move an inch.
- corobo 5y agoI had no idea to be honest. Unrelatedly that's kinda sad really that there's all this art just sitting in someone's art vault
- rchaud 5y agoIt's 2021, everyone has shown their true faces at this point. We can dump the pretense that hundreds of millions changes hands at Christie's because anonymous rich people really love art.