Money Laundering and Modern Art: Modern Art Was Developed as a Vehicle for Money Laundering

Basically, anything that can be produced for next to nothing and sold for a great deal of money can be used for money laundering.

Read more here: https://starfirecodes.substack.com/p/money-laundering-and-modern-art-modern

Modern art is a vehicle for money laundering. Always has been.

Basically, anything that can be produced for next to nothing and sold for a great deal of money could be used for money laundering.

When value is dictated by the market itself and attributed value is subjective, value can be created, fabricated.

For instance, a work is commissioned from an artist for $25k and then is sold to someone else for $1M. The sale boosts the artist’s career through media exposure creating a market surrounding that artist’s work. 

That artist’s work then retains “value.” 

Commission a piece from that artist at a low price and sell it for a higher price, it looks like the buyer is buying art. But that art is often a voucher for a favor or a bribe, and moving art around is easier and less obvious than moving around a great deal of cash or attempting to hide an electronic transfer of funds via centralized traceable means.

And these newly valued artists are then able to travel the world doing museum and gallery tours – as covert assets. Their access to high value targets and the ease of explanation for their business travel make for a great cover story.

Read more here: https://starfirecodes.substack.com/p/money-laundering-and-modern-art-modern