[–] senpaithatignoresyou 0 points 1 point 1 point (+1|-0) ago
The paintings do not go through customers, and count as a "cultural export" so they are a great way to launder money.
They are also secure. If a "painting" gets stolen, then how can it get sold? only a die hard collector would want it.
But no one is collecting the modern art, only the government and certain individuals. The lack of a black market for this stuff indicates that there is something artificial in these transactions, like a form of money laundering.
[–] flyingcuttlefish [S] ago
continuing on the art as money hoarding tool - George Webb says a little more on it -
Day 217.8. Hillary'Hillarys , Hackers, and Henchmen
https://youtu.be/4H6RrZZzvRw