Art market
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 Art market  (Business)   | |
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| Interest of | • Sabine Boghici • Arthur Kwon Lee • Jacob Rothschild • Vigilantcitizen |
| Harmless looking side activity activity of the rich, with the option to launder money. | |
The art market is the marketplace of buyers and sellers trading in commodities, services, and works of art.
Money laundering
- Full article: Money laundering
- Full article: Money laundering
It has been argued that expensive art is used to move high sums of money.[1][2][3][4][5] In 2020 the Permanent Subcommittee on Investigations for the U.S. Senate released a 147-page report titled “The Art Industry and U.S. Policies That Undermine Sanctions” it focuses on the connection between high-end art and potential money laundering schemes.[6][7] These high value sales may not only be used to launder money, but could also be used to pay for illicit services.
Related Quotation
| Page | Quote | Author | Date |
|---|---|---|---|
| Marina Abramović | “I don't want to go into conspiracy world, but I will briefly, okay, when you look at culture right, again this is a conversation on culture, who are some of the mainstream stars we can name? Like Sam Smith, Doja Cat, Lil Nas X, Lady Gaga [..] Katy Perry these kind of people right? You'll notice every once in a while they represent themselves with sort of demonic projections, that are off-wallish [..] where they actually wear satanic uniforms and in front of Super Bowl performances [..] so I want your audience to know that this doesn't come from a vacuum, these come from the art world. So a lot of people don't know but celebrities, their celebrities, are at the top of the fine arts sphere and most particular is, there's a woman by the name of Marina Abramović and she's a literal Satanist witch; dear friends with Hillary Clinton, JayZ, has dinner parties with Rothschilds, [..] she's at the top of the pyramid.” | Marina Abramović Arthur Kwon Lee | 1 November 2023 |
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References
- ↑ https://edition.cnn.com/2020/07/29/business/art-money-laundering-sanctions-senate/index.html
- ↑ https://thehill.com/opinion/finance/511154-not-a-pretty-picture-money-laundering-and-americas-art-market
- ↑ https://privateartinvestor.com/art-business/money-laundering-through-art-what-all-stakeholders-must-know823/
- ↑ https://www.imf.org/external/pubs/ft/fandd/2019/09/the-art-of-money-laundering-and-washing-illicit-cash-mashberg.htm
- ↑ https://www.moneylaunderingnews.com/2020/08/using-art-to-evade-sanctions-and-launder-money-the-senate-report/
- ↑ https://www.hsgac.senate.gov/imo/media/doc/2020-07-29%20PSI%20Staff%20Report%20-%20The%20Art%20Industry%20and%20U.S.%20Policies%20that%20Undermine%20Sanctions.pdf
- ↑ http://web.archive.org/web/20200927101527/https://www.ballardspahr.com/-/media/files/senate-report-on-art-and-ml.pdf
