Hacker News new | ask | show | jobs
by f7ebc20c97 1543 days ago
Art sales and donations are used for money laundering and tax evasion. That's why the quality of art has no relation to its price anymore.

Modern art streamlined this business (since it can be mass produced quickly) and NFTs streamline this even further.

2 comments

Yet FinCEN allows artists to just make paintings as they please, and their trade is unregulated. Shocking!
> Modern art streamlined this business

Not a fan of po-mo then, I take it?

I'm a fan of some, but it's a subjective thing, isn't it? Don't you think that maybe perhaps some of the "auction prices" and "appraisals" are a bit more "objective"? Can nobody on this website think outside the box?