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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In a basic way, a lot of it is like this – say I sell you a painting for 10m, then you go one to sell that painting again (for really any price) – so the money I used to buy it is now “legal” as it was a legit business deal. When asked where I got 10 million, its that I sold the painting
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