How do people use the commercial art to launder money?
For context, I work in commercial galleries and it’s something I’m trying to understand to work in a safer way with collectors. Thanks!
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Art value is very subjective, especially for newer artists or seldom traded ones. You could have your grandma paint a bunch of stuff, market it under a fictitious name as a new up and comer, and people could pay you a bunch of cash for what is essentially worthless.
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