How does money laundering work in the commercial art world?

135 views

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!

In: 25

9 Answers

Anonymous 0 Comments

Many famous works of art –including even the Mona Lisa– have been stolen, and then languish on the black market with no legitimate buyers. As an agent for a commercial gallery, you would not want to be involved in finding some cash for such a piece, unless you are cooperating with law enforcement to recover it. https://en.wikipedia.org/wiki/List_of_stolen_paintings

You are viewing 1 out of 9 answers, click here to view all answers.