Eli5 How do people launder money with art?

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Why do people buy huge canvases with a few dots on from an arts unheard of for millions? I know it’s commonly used to launder money. Can someone explain how the process works?

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Anonymous 0 Comments

There’s no good way to value most pieces of art. Some art is sold at very inflated prices as a means of transferring or laundering money.

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