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re: Proof that people are stupid to the tune of $120K
Posted on 12/6/19 at 12:34 pm to DoUrden
Posted on 12/6/19 at 12:34 pm to DoUrden
quote:
Maurizio Cattelan
So what’s really being purchased is the fact that this guy made this right? I’m guessing he could have made a smiley face with his own urine and that would have sold for six figures too.
I know nothing about art, so please feel to correct me if I’m wrong.
0
Posted on 12/6/19 at 12:37 pm to SEClint
I wonder what the dipshit who felt the need to explain socialist realism paintings to his art major fiance will have to say about this??
Posted on 12/6/19 at 12:38 pm to DoUrden
That banana has seen better days
Posted on 12/6/19 at 12:42 pm to kywildcatfanone
I am going to go with the copy instead of the original.
Posted on 12/6/19 at 12:46 pm to kywildcatfanone
quote:
That banana has seen better days
Posted on 12/6/19 at 12:55 pm to theunknownknight
How does spending (or pretending to spend) unholy amounts of cash on stupid things legitimize ill-gotten money?
Money laundering gives the appearance of legitimacy to money that was obtained illegally.
Money laundering gives the appearance of legitimacy to money that was obtained illegally.
Posted on 12/6/19 at 12:57 pm to DoUrden
A Jackson Pollock being worth $30m is worse
Posted on 12/6/19 at 1:00 pm to DoUrden
quote:
Proof that people are stupid to the tune of $120K
It's a money laundering operation. They are laughing at people that believe this is art.
ETA: didn't read the entire thread before responding to the the OP but I see many other posters came to obvious conclusion that this is money laundering operation.
This post was edited on 12/6/19 at 1:03 pm
Posted on 12/6/19 at 1:01 pm to DoUrden
Some people playing a joke put a pineapple on an empty table in an art gallery. The art gallery thought it was an exhibit and put a glass box over it.
Not linking the NYT*
quote:
The aesthetic merits of tropical fruit inadvertently entered Britain’s national cultural conversation after two students jokingly placed a store-bought pineapple on an empty table at an art exhibition this month at Robert Gordon University in Aberdeen, a port city in northeastern Scotland.
When they returned a few days later to the exhibition — part of the Look Again festival, which aims to highlight Aberdeen’s cultural heritage — they were shocked to discover their pineapple protected by a glass display case, instantly and mysteriously transformed into a work of art.
Not linking the NYT*
Posted on 12/6/19 at 1:01 pm to DoUrden
Well, that sculpture does look like a banana that someone duct taped to a wall. Probably symbolizing a time when people worked and had to eat on the go...Reminders of an era long ago...
Posted on 12/6/19 at 1:07 pm to East Coast Band
quote:
White males are to be suppressed.
Bananas are insults to Asians man.
That's what the Filth call an Asian Uncle Tom
Posted on 12/6/19 at 1:13 pm to olgoi khorkhoi
quote:
How does spending (or pretending to spend) unholy amounts of cash on stupid things legitimize ill-gotten money?
Buy $120k banana from famous troll artist. Sell banana from troll artist later at Soethby’s for $2M.
First 2 editions of these went for $120k, his 3rd edition is now priced at $150k. In 2 years, it will sell at private auction for significantly more. The high end art world is the great frontier for shady deals.
This post was edited on 12/6/19 at 1:32 pm
Posted on 12/6/19 at 1:20 pm to DoUrden
As a collector of fine and rare art, I really hoped that this was a joke.
Posted on 12/6/19 at 1:21 pm to upgrayedd
That can't be real. 
Posted on 12/6/19 at 1:28 pm to DoUrden
Partially wrapped Bananas cost a fortune. That’s the deeper hidden meaning.
This post was edited on 12/6/19 at 1:29 pm
Posted on 12/6/19 at 1:41 pm to DoUrden
That guy is a marketing genius
Posted on 12/6/19 at 1:43 pm to DoUrden
Modern art is a front for money laundering.
Posted on 12/6/19 at 2:06 pm to olgoi khorkhoi
quote:
How does spending (or pretending to spend) unholy amounts of cash on stupid things legitimize ill-gotten money?
Money laundering gives the appearance of legitimacy to money that was obtained illegally.
It’s a technique called “layering”. You basically use ill-gotten cash (say, from selling a trunk-full of cocaine) and generate a series of transactions in an attempt to obfuscate the original source of the money.
It’s common to use things like art because A) They have a high dollar value, so fewer transactions per layer and B) The transaction leaves less of a paper trail than, say, buying real estate, cars, or securities.
EDIT: I’m not saying that’s what’s going on here. Just answering the question of why it could be that.
This post was edited on 12/6/19 at 2:25 pm
Posted on 12/6/19 at 2:28 pm to soccerfüt
quote:
That was some good shite for back in the day:
1502:
Are you saying art has gotten better?
Posted on 12/6/19 at 2:38 pm to StupidBinder
quote:
It’s a technique called “layering”. You basically use ill-gotten cash (say, from selling a trunk-full of cocaine) and generate a series of transactions in an attempt to obfuscate the original source of the money.
This seems like the worst way to launder money.
1. It doesn’t provide a legitimate source for the money used in the original purchase.
2 It is easy to verify the transfer of funds when the item is resold for significantly more. A fake transaction like that is one stop shopping for an auditor. It would take a less than a day to find out who bought it and then track the funds from buyer to seller.
3. Fewer large transactions requires less resources and is easier to investigate than many smaller transactions.
If this is a common as you guys are implying, then the IRS is complicit and essentially looking the other way.
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