this post was submitted on 21 Nov 2024
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The taped banana - now perhaps one of the most expensive fruits ever sold - was actually bought earlier in the day for a mere $0.35, according to the New York Times.

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[–] Diddlydee@feddit.uk 64 points 5 hours ago (5 children)
[–] IDKWhatUsernametoPutHereLolol@lemmy.dbzer0.com 25 points 5 hours ago (2 children)

Yo I was about to comment this.

Like literally.

How do you transfer a huge amount of money.

Just get the receipient to create "art"

Instruct receipient to sell "art" for the amount of money

Voila, legal money laundering!

[–] Danquebec@sh.itjust.works 2 points 2 hours ago (1 children)

I don't understand how buying art with 6.2 m in cash is not going to be suspicious though?

[–] scytale@lemm.ee 3 points 1 hour ago

Because you “can’t put a price on art”. Assuming there’s a sales tax or something for the sale, it’s pretty much a legit sale.

[–] Gsus4@mander.xyz 9 points 5 hours ago* (last edited 5 hours ago)

Yeah, it's the first thing I thought. Everybody else sees it too, right? This is well past dadaism.

...but wasn't this the case all along in the art market, except for institutional buyers?

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