Maurizio Cattelan’s duct-taped banana artwork fetches US$5.2m at New York auction (www.theguardian.com)

submitted 1 week ago by merde@sh.itjust.works to c/nowhereelsetoshare@sh.itjust.works

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“I never thought I’d say ‘$5 million for a banana’,” auctioneer Oliver Barker quipped as the bidding approached its climax. The banana displayed at Sotheby’s was reportedly purchased for 35c earlier that day.

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[-] ynazuma@lemmy.world 3 points 1 week ago

A fool and his money…

[-] reddig33@lemmy.world 3 points 1 week ago

…are soon laundered.

[-] ynazuma@lemmy.world 2 points 1 week ago

Please explain, how is this used to launder money?

[-] wesker 1 points 1 week ago* (last edited 1 week ago)

In the US, the average laundromat has an annual turnover of $142,000. Not nearly $5 million.

[-] reddig33@lemmy.world 1 points 1 week ago

https://www.cnn.com/2020/07/29/business/art-money-laundering-sanctions-senate/index.html

https://www.artandobject.com/news/how-money-laundering-works-art-world

[-] zarkanian@sh.itjust.works 1 points 1 week ago

Well, it does say that the buyer is a "crypto entrepreneur".

this post was submitted on 21 Nov 2024

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