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ReadThatAlready ago

From the way I understand it art and art forgery is an easy and old money laundering operation and scam. Paintings are cheap to make, maybe $500 or less, so the art is made cheap and quick and is bought cheaply by an "investor" from the artist, then a "critic" talks up the artist (both are usually a member of the communist party) and his work so the art is deemed "important" as "socially conscience" even if it's crap, and then it is sold at a high price to a foreign buyer also of the communist party or just some dupe, the money is kicked back to the artist through group "endowments" (often government endowments or endowments established by communist party leaders a hundred years ago) and through individual "patrons" that support the artist. Because an actual item was purchased large amounts of money can be shifted from one person or country to another and the money is "clean." And so politicians and crime lords can use the art community as a way to move large sums of money around. Real art has value but it isn't worth millions of dollars. It just isn't. Especially not modern art and that's what is usually being sold for lots of money. And from my research it seems that forgeries can be more profitable than modern art. A decent artist makes a copy of an old piece or something like one he's seen so it that would qualify as a newly discovered work by an old artist, and art "experts" are called in to verify it, those experts are paid off to verify the work, and "official" art catalogues of old artists are forged and inserted into old libraries so the books look like contain a record or photo of the work as having existed, and those books and experts are used to grant legitimacy to the piece, the stamps and stickers from auction houses can be forged or somebody there can be bribed to stamp the piece so that it looks like it's passed through legitimate sale through auction houses a long time ago, and somebody is sold a fake piece, or maybe even with their knowledge just so the piece held onto for a while and then sold for big profit to a dupe. Youtube has documentaries about John Myatt case and Eric Hebborn and "hot art" that explains how it's done. Word has it Myatt's partner was using their scam to raise money for OPs, but that was never confirmed.