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.
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.
Money laundering
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.
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!
I don’t understand how buying art with 6.2 m in cash is not going to be suspicious though?
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.
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?