• ms.lane@lemmy.world
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    2 months ago

    ‘Collectable’ or ‘Fine Art’ is being sold for lots of money

    It’s Money Laundering.

    • MrZee@lemm.ee
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      2 months ago

      If the item does sell for that much, money laundering seems like the most likely reason. The article says “selling” but it’s only “selling” in the sense that someone is trying to sell it for that price. There’s all kinds of shit listed for crazy prices.

    • CluckN@lemmy.world
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      2 months ago

      It also keeps the value up for other “collectors”. I see this with NES game auctions. It’s always the same 6 people buying each other’s games to keep their own collections highly evaluated.

    • neon_nova@lemmy.dbzer0.com
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      2 months ago

      I don’t really think so, the person buying it would need to use laundered money to buy it otherwise it could draw suspicion.

      • MrZee@lemm.ee
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        2 months ago

        Not the person you replied too, but I think this is still considered money laundering. If a person is selling illegal drugs (or whatever illegal product) and wants to receive the money “cleanly”, this would be a way to do so. Instead of selling the illegal item, they sell (or pretending to sell) a legal item but provide the illegal item. The seller now has clean money. I think this is still called money laundering.

    • Fredselfish@lemmy.world
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      2 months ago

      Could be simpler then that. Look I got a Pokémon card here for sale lets say I want 500 dollars for it. Is it worth that? No but what I’m asking. Why because you can ask for any price you want, doesn’t mean someone going buy it. This isn’t news let me know when it sells for that. Then I would say your correct.

  • B0NK3RS@lemmy.world
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    2 months ago

    It’s a show piece. No one expects it to sell for that much but it gets eyeballs on the store.

    How this stuff makes for “news” is beyond me…

  • Red_October@lemmy.world
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    2 months ago

    Is it SELLING for that price? Or is it LISTED for that price? I could put my beat up left shoe up for sale for $10,000 if I wanted to, but until someone actually buys it at that price, which nobody will, it’s meaningless.