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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[–] [email protected] 106 points 2 days ago (3 children)
[–] [email protected] 10 points 2 days ago

The fact that it was bought by a crypto "entrepreneur" pretty much confirms it.

[–] [email protected] 42 points 2 days ago (3 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!

[–] [email protected] 14 points 2 days ago* (last edited 2 days 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?

[–] dai 1 points 2 days ago

Was commonplace in vanilla wow, you would see common items in the Auction House selling for silly prices - those were the players buying gold. Washing it via the auction house making it seem more legitimate.

[–] [email protected] 3 points 2 days ago (1 children)

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

[–] [email protected] 5 points 2 days 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.

[–] [email protected] 30 points 2 days ago (1 children)

For real. If I really wanted the "art" I wouldn't have to spend more than $15. $5 for a roll of duct tape, $10 for a banana.

[–] [email protected] 7 points 2 days ago

I see what you did there