Art is used extensively as a money laundering platform https://edition.cnn.com/2020/07/29/business/art-money-laundering-sanctions-senate/index.html https://edit

Art is used extensively as a money laundering platform https://edition.cnn.com/2020/07/29/business/art-money-laundering-sanctions-senate/index.html https://edition.cnn.com/2020/07/29/business/art-money-launde... Which explains part the ludicrous prices I suppose - it's not about intrinsic value, it's just about finding a suitable denomination.