[soco]

Are we watching the new way of laundering money? What's wrong with laundering in the traditional way at art auctions?

[corobo]

You dont need to store it anywhere physically waiting for the next person

[WalterSear]

Yet again, crypto comes in to provide a revolutionary, groundbreaking solution to a problem that's already been solved.

Antiques and art used in money laundering are generally warehoused with custodians for a relatively inconsequential fee. Ownership changes hands over and over, and the item doesn't move an inch.

[corobo]

I had no idea to be honest. Unrelatedly that's kinda sad really that there's all this art just sitting in someone's art vault

[rchaud]

It's 2021, everyone has shown their true faces at this point. We can dump the pretense that hundreds of millions changes hands at Christie's because anonymous rich people really love art.

[lottin]

They save on storage costs, I guess.