Duct-taped banana artwork auctioned for $6.2m in New York
Duct-taped banana artwork auctioned for $6.2m in New York
The winning bidder says he will eat the banana in coming days as part of a "unique artistic experience".
The taped banana - now perhaps one of the most expensive fruits ever sold - was actually bought earlier in the day for a mere $0.35, according to the New York Times.
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Money laundering
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Yo I was about to comment this.
Like literally.
How do you transfer a huge amount of money.
Just get the receipient to create "art"
Instruct receipient to sell "art" for the amount of money
Voila, legal money laundering!
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Yeah, it's the first thing I thought. Everybody else sees it too, right? This is well past dadaism.
...but wasn't this the case all along in the art market, except for institutional buyers?
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I don't understand how buying art with 6.2 m in cash is not going to be suspicious though?
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Because you “can’t put a price on art”. Assuming there’s a sales tax or something for the sale, it’s pretty much a legit sale.
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Was commonplace in vanilla wow, you would see common items in the Auction House selling for silly prices - those were the players buying gold. Washing it via the auction house making it seem more legitimate.
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For real. If I really wanted the "art" I wouldn't have to spend more than $15. $5 for a roll of duct tape, $10 for a banana.
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I see what you did there
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The fact that it was bought by a crypto "entrepreneur" pretty much confirms it.
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