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Are_we_sure ago

I guess all this wonderful art has to do with money laundering.

There's never been a scintilla of proof of the money-laundering schemes alleged on VOAT--that high prices for modern art are a way of hiding money laundering.

In fact the case I have seen for art involved in money-laudering involve UNDERPRICING THE ART to avoid import taxes or to be able to move large sums across border in physical way----take a $5 million painting to customs and declare it at $200,000, then resell it at its actual value and pocket the cash.

These second type of scheme and indeed the entire art market involves the art actually fetching high prices outside of any criminal scheme.

bopper ago

You and I aren't privy, because there's no "evidence" to us doesn't mean speculation is not warranted.

What do you think, is Adam Schiff a creep or what? Be honest, I have to log off soon. How about Q, you like Q ?

Are_we_sure ago

....doesn't mean speculation is not warranted.

Yes, but theory being speculated about makes no sense. If I sell you a 1,000 dollar painting for 600K because it's really about moving money from elsewhere, and you try to sell that painting you're not going to get 600K for it. You're now out 600K. You don't actually see these wild price fluctutations in the art market. Prices are far more stable. If art was being moved at high prices for which there was no demand for that art, you'd see wild fluctutations all the time.

No I don't think Adam Schiff is a creep.

Q is fantasy.

Yuke ago

If it's about moving money from elsewhere then you wouldn't expect to sell the painting for $600k yourself, you just surreptitiously moved $600k of your money elsewhere, i.e; paid for something off the books. It's not about what you can then make from it. The reason why the art market is perfect for this kind of money movement is because the prices aren't set in stone like many other goods, and what, on the surface, looks like an innocent purchase of art, underneath can be easy bribes and laundering, and so on, and nobody would really know except for the people directly involved in the sale.

AngB23 ago

^^^^^^BINGO^^^^^^

Also, can use art for other sales: drugs, HumanTrafficking, CP.....