[Lizavetta]

Further evidence that high-priced auctions are for money laundering, especially for “art” that looks essentially worthless.

[packrat35]

Had a friend of mine that said that that was where the CIA laundered their money years ago. I am starting to believe him now.

[metmom]

Further evidence that high-priced auctions are for money laundering, especially for “art” that looks essentially worthless.

The comments at the link said essentially the same thing.

I never thought of that reason for atrociously priced *art* but it wouldn't surprise me in the least.

I also heard that many objects on eBay that are exorbitantly priced are also for the purpose of money laundering.