SUBSIM Radio Room Forums - View Single Post - US Politics Thread 2021-24

Rockstar · 09-24-21, 01:53 PM

The art world has a money laundering problem

https://edition.cnn.com/2020/07/29/b...ate/index.html

Oh look

Hunter Biden’s $500,000 artwork is not the real scandal
The art market is a racket — his exhibitions are drawing attention to that

https://unherd.com/thepost/hunter-bi...-real-scandal/

Biden’s upcoming exhibitions in Los Angeles and New York will still see the president’s son “schmoozing with any and all potential buyers.” Which is perhaps why Hunter’s distinctly mediocre artworks are ranging from $75,000-$500,000.

But who is this affair more embarrassing for: the Biden family or the art world? Ironically, Hunter’s scandal-tarnished reputation has also drawn attention to the racket that the art market has become.

According to a Senate-led investigation into two Russian oligarchs who used art purchases to evade sanctions, the art market is now the country’s largest unregulated industry. This makes America a hub in a global art market which is rife with money laundering.

09-24-21, 01:53 PM	#2677
Rockstar Rear Admiral Join Date: Nov 2002 Location: Zendia Bar & Grill Posts: 11,971 Downloads: 10 Uploads: 0	The art world has a money laundering problem https://edition.cnn.com/2020/07/29/b...ate/index.html Oh look Hunter Biden’s $500,000 artwork is not the real scandal The art market is a racket — his exhibitions are drawing attention to that https://unherd.com/thepost/hunter-bi...-real-scandal/ Biden’s upcoming exhibitions in Los Angeles and New York will still see the president’s son “schmoozing with any and all potential buyers.” Which is perhaps why Hunter’s distinctly mediocre artworks are ranging from $75,000-$500,000. But who is this affair more embarrassing for: the Biden family or the art world? Ironically, Hunter’s scandal-tarnished reputation has also drawn attention to the racket that the art market has become. According to a Senate-led investigation into two Russian oligarchs who used art purchases to evade sanctions, the art market is now the country’s largest unregulated industry. This makes America a hub in a global art market which is rife with money laundering. __________________ Guardian of the honey and nuts Let's assume I'm right, it'll save time.