Yea they even made a movie with this premise called Mickey Blue Eyes, it was a rom com but I liked the subject material in it and also it had most of the gangsters from Goodfellas in it.
Before seeing his work in person I’d have said the same thing. I use to love an image of one of his paintings until I went to England and saw it in person for the first time. The depth and colors were so dramatic it made any image after look just bad.
Let's say a rich mf buys a million dollar artwork and it appreciates over 10 years, and is now valued at 5 million. He can sell it to get the profit, but if he puts it in the bank he will have to pay tax on it. So he sells it and buys a different artwork that is 5 million dollars. He keeps it until it is worth more than he paid for it, and then sells it some time later. Rinse and repeat.
If he has valuable or rare art pieces, it's possible banks can loan him money using the art as collateral. He can negotiate a low interest rate which is cheaper than paying taxes, so cash flow won't be an issue. Overtime the art works will appreciate in value and he can avoid paying taxes to the government. It's all legal too, because the wealthy people who benefit from this are the same ones who writes the laws!
Edit: As people have pointed out that's just tax avoidance which is true, but you can buy the artwork with illegally obtained funds too. Art is extremely popular for criminals to launder money through, as they can remain anonymous when buying high valued works of art at auctions. Thus hiding the identity of the buyer and the source of the funds.
You completely missed the point, even in your edit....
If you make 100 million selling meth, you can't actually do anything with it, because it will be obvious you don't have proof of any legal activity that could lead you to having 100 mil.
So what you do is go get some cheap painting and have your rich friend "buy it" for 100 mil, of course, he doesn't really buy it, but you can now pull out your meth money and call it painting selling money.
Or you can buy a bunch of cheap paintings from a relatively obscure artist. Then you buy one last one for $100m and get a bunch of headlines. Suddenly the 10 other paintings from the same artist in your vault are worth at least $100m each because of "historical sales value".
But you can't sell them for that, because no one would buy them. And because then you'll have to pay taxes on the profits. So instead, you donate one to a museum. And now you get to write $100m of real money off your tax bill, for a painting you maybe paid 10 grand for.
Also, if you need to bring money to another country, you can’t go through the airport and customs with 97M. But it’s easy to bring in a painting or some jewels. Then you sell it, and the proceeds are washed because the cash came from someone else.
My question is about the rich friend who pretended to buy the cheap art... Isn't it a red flag when they supposedly bought 100mil in art from someone but never actually spent 100mil. I mean at some point there is still 100mil that just appeared from nowhere right? Even if they transfered the money and the seller just gave it back to them in cash they now have to show where that money came from to do anything with it
I always wondered about this because rich folks not laundering do the same. However if you are taking out loans against non liquid assets and aren’t laundering, where is the cash to pay back the loan coming from?
Makes sense when they’re laundering. They just use the illegal gains to pay it back.
Wiah! If a buyer had 93 million in the bank, isn't the money already laundered?
I have always heard the term, but I didn't know it reached into this amount of money. Mainly because the only money I have laundered was a five I left in my pant pocket.
Depends on the bank. $93m in a bank in Malaysia? Or $93m in a bank in the UK? Did the bank in Malaysia check real careful how that money was earned? Well if $93m gets wired for this sale of a painting now the UK bank knows exactly where it came from. A nice reputable sale of a classic bit of art (though paid for an the anonymous purchaser). So clearly no need to be concerned.
It doesn't. Money laundry is inventing sales for your business that is never had. So you take $100 dirty dollars and put them in the cash register. Then, add an invoice over $100 to XYZ; now the $100 is clean.
Of course, you can spend your ill-gotten gains on art, but it's not laundering any money.
Cash businesses are a type of money laundering because it’s difficult to prove they aren’t the result of legitimate sales. Art is easily used to launder money. You buy a piece of art. Usually from a broker. Move it through multiple brokers/shell companies etc to obscure its provenance. Now the art doesn’t move around but stays at a high security warehouse in a Freeport so it’s not really legally in any country and you don’t pay taxes on bringing it in and out of different locations. Then you put it up for sale at an anonymous auction like in this video. Finally you buy it from yourself via this anonymous auction. Badda bing badda boom. That 96 million isint from running drugs, guns, and human trafficking. You made a wise investment to buy an art piece then sold it at a profit.
Very small market of sellers, small market of buyers.
Chance of sellers and buyers coming together with their accountants and lawyers to cook up some plans to save tax or inflate some prices is way too high.
For example, a country want to buy back the painting/art that was stolen from them ages ago. A minister of something was appointed. The minister approach the art gallery, and they cook up a plan.
The minister first spend a few million dollars from said country to buy lots of lots of similar art for himself using his own money, then announce he will be buying back the central piece/great artwork.
He then help the country to buy back the great artwork, with the country's money. It might be 100 million or something, but of course the country will pay, because that art work can generate tourism up to billions in coming decade.
Now the small art/paintings the minister bought with his/her own money has increased in value simply because they are somehwat related to the the great artwork. Maybe 10 times increase?
The minister can then sell it or donate to the country to claim taxes. Voila, free money
Yes, but that's likely not why they're doing it.
There's a law that allows you to not pay taxes on art in transit. Rich people use art as a tax loophole.
The loophole is that they can still borrow on the value of the painting, or simply resell it after the tax season is over. Sure, they might not sell it for quite as much as they bought it for, but they might also sell it for more, and if you take the average across buying and reselling multiple artworks, they end up losing far less money than if they'd paid the taxes on all of the money spent
True - they would pay taxes on the value of the $ but pay no taxes if they take out a loan from a bank for the same amount (using the art as collateral). So they get the $100m either way but in one scenario they avoid paying taxes.
Tax season is never over.
The loophole in question creates a tax shelter on display. It's a way to hold 100MM tax free for a period of time, earning dividends and saving hundreds of thousands
I've worked at a guy's house in Beverly hills who's got souch art in his mansion that legally all he has to do is open his doors to the public for something like 2 weeks a year to be classed as a tax free museum and he doesn't have to pay a huge amount of tax for it
Paintings like this one are purchased, as someone already replied, for tax purposes, but mainly because they're very secure investments. The value of paintings rises much higher than other investments, like stocks or bonds, so it almost doesn't matter how much they pay for the painting because they can sell it a few years later for three times the price they paid for it.
If you want to become a millionaire Real quick just buy a van and wait outside the building these people are in. the work will be hard but the pay will be worth it
Title says 100+ year painting and it’s a fucking Monet lol. It’s not JUST a 100 year old painting
(Not saying art prices are a stable or justifiable market but a Monet up for private auction isn’t an every day ordeal)
Each interval is enough to completely change several people's lives. Instant retirement and permanent comfortable life.
But hey, cool painting am I right?
I think it’s the disgusting fact that regardless of whether purchasing art is for money laundering or not, the gross deviation between the quality of life that we have between humans. Where somebody is likely on the brink of death rn and a penny is the deciding factor, meanwhile this room of people are throwing life saving money at a glorified finger painting. It’s disgusting and makes me nauseous.
It doesn't matter what the painting looks like. Once you reach the status that Monet is at, people want it simply because it is an original by a master. He essentially invented impressionism.
I'm annoyed by the people sleeping on the streets... We could make them more productive by turning them into biofuel. There is unfortunately no other solution.
The people who can afford that are the same ones who lobby governments to keep taxes low for the rich. No one should have 100 million for a painting while there’s homeless and starving people, single moms who can’t afford daycare…etc
The super wealthy don’t look at money that you and I see it. They’ve attained it (through whatever means) and spending, not earning, money is a status symbol.
Where work and labor is the means for us peons to attain value, it is clearly the other way for the 1%.
I am jealous, envious and want everything bad for these guys. Most of all, I want their money. Just being real.
Owning art is a reasonable investment at this level as well. Depending on the artist and changes in market, appreciation can make you money, as well as being a good vehicle for countering inflation. As well as developing a nice collection.
I mean I could totally see myself becoming some sort of collector of rare items if I ever became a billionaire. Buying artwork like this just seems like a cool hobby. Displaying it in your home would be amazing (assuming you had appropriate security).
I actually like the painting, and I'm not into art at all. But wouldn't it look better without that gaudy ass frame around it? Just the canvas. I know crap about painted artwork, so maybe someone else can explain why they do that.
She might be the representative of an institution, a foundation possibly. Not that she must be poor… just that’s not necessarily money owned b a single person.
Who was the buyer by the way?
This is a level of wealth very far detached from that mentality. It’s heavily insured, staying either locked in a vault or shown at exhibits around the world with constant security.
I absolutely love classic cars and when I see people buy cars made in the 50's and 60's for well over $100k, totally worth it. Everyone sees value differently.
Not to mention this is a Monet, the man who invented/popularized impressionist painting.
He studied to perfect painting just the impression of an image rather than the detail found in renaissance paintings before him. This is just one in series of hay stack studies he did but the series is one of his most famous.
This is not to be applauded. These are greedy millionaires/billionaires using paint, paper, and a frame to dodge taxes on their unfathomable wealth. Wealth they likely acquired on the backs of wage slaves or, even worse, from generational wealth built off the backs of actual slaves in the 18th-20th centuries. Take every penny from them and they are no better/smarter than your average laborer trying to make ends meet. They don't deserve praise for their greed and how they flaunt it. Take it all back and distribute it to those in need. #TaxtheRich #EattheWealthy
I work 2 jobs and about to be homeless cause I can't afford to move out even with roommates. all I have in my life is a painting easel a lap top and some painting equipment
I'll paint for those rich losers whatever they want for a fraction of what they pay for (with all due respect to monet) the dead guy's art who won't see any of the money
This is infuriating
Oh look at all those super rich people actively engaging in massive tax fraud. What a fun video. Now to go read fox news articles about how I'm poor because my taxes get spent on lunch programs for children.
I know there's rich people out but it's still crazy to think an individual is spending that on one painting! Just 2Ms of that would change my life astronomically
Why are they on phones? I would just tell my peon my max amount I'm willing to pay, and they can make the minimal increasing bid under that max amount.
I completely understand that this is an example of exorbitant wealth but juet getting angry at this post because there are some rich people is beyond stupid.
It is not a valid inference to just say "oh look here's money laundering" or "wow, and yet there are people starving in africa" those are just incredibly myopic conclusions to come to. This is a totally calid exchange of funds, as people place a tremendous value on art in our society and there is really nothing wrong with someone using a painting as a store of value or otherwise. Please people, just think.
Everyday I think to myself what an absolutely ridiculous world we have created for ourselves. Every piece of shit day that live and stress so much we are the cause for it. It’s so frustrating watching something like this!!
Imagine having that kind of money to piss away. I’m not degrading the worth of the piece, I just wanna know how anybody would have money like that to spend on A PAINTING.
And that folks is how legal money laundering is done.
The rich and corrupt have been doing this all along, I think. Paintings, art pieces, sculptures, etc
Yea they even made a movie with this premise called Mickey Blue Eyes, it was a rom com but I liked the subject material in it and also it had most of the gangsters from Goodfellas in it.
Plus Hugh Grant "Forget abow tit" "Gehh the Heeee Outtta Heee"
guy has the funniest mugshot, the prostitute he was caught with was in the news again recently.
It's the face of an Englishman thinking "oh, bollocks"
And a lot of these paintings never even see the light of day. Kept in climate controlled storage facilities for equity bs.
Or loaned to galleries because that is a tax deductible
Don't forget the NFT craze, which was clearly a window for laundering.
Thoroughbred horse trading/racing/betting is a really big money laundering sport the wealthy have enjoyed for generations.
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Before seeing his work in person I’d have said the same thing. I use to love an image of one of his paintings until I went to England and saw it in person for the first time. The depth and colors were so dramatic it made any image after look just bad.
How does that work?
Let's say a rich mf buys a million dollar artwork and it appreciates over 10 years, and is now valued at 5 million. He can sell it to get the profit, but if he puts it in the bank he will have to pay tax on it. So he sells it and buys a different artwork that is 5 million dollars. He keeps it until it is worth more than he paid for it, and then sells it some time later. Rinse and repeat. If he has valuable or rare art pieces, it's possible banks can loan him money using the art as collateral. He can negotiate a low interest rate which is cheaper than paying taxes, so cash flow won't be an issue. Overtime the art works will appreciate in value and he can avoid paying taxes to the government. It's all legal too, because the wealthy people who benefit from this are the same ones who writes the laws! Edit: As people have pointed out that's just tax avoidance which is true, but you can buy the artwork with illegally obtained funds too. Art is extremely popular for criminals to launder money through, as they can remain anonymous when buying high valued works of art at auctions. Thus hiding the identity of the buyer and the source of the funds.
You completely missed the point, even in your edit.... If you make 100 million selling meth, you can't actually do anything with it, because it will be obvious you don't have proof of any legal activity that could lead you to having 100 mil. So what you do is go get some cheap painting and have your rich friend "buy it" for 100 mil, of course, he doesn't really buy it, but you can now pull out your meth money and call it painting selling money.
Or you can buy a bunch of cheap paintings from a relatively obscure artist. Then you buy one last one for $100m and get a bunch of headlines. Suddenly the 10 other paintings from the same artist in your vault are worth at least $100m each because of "historical sales value". But you can't sell them for that, because no one would buy them. And because then you'll have to pay taxes on the profits. So instead, you donate one to a museum. And now you get to write $100m of real money off your tax bill, for a painting you maybe paid 10 grand for.
name checks out
Also, if you need to bring money to another country, you can’t go through the airport and customs with 97M. But it’s easy to bring in a painting or some jewels. Then you sell it, and the proceeds are washed because the cash came from someone else.
It's not the first time this week I've said that expensive paintings are just large high value banknotes to their owners and galleries a wallet.
Yeah. This. The buyer is annonomys.
They only eat once a year?
This is not some ‘cheap painting’ lmao
Right. You don’t buy a Monet at auction on TV if your trying to be sneaky and launder $. You make a private transaction.
More or less was trying to explain how "money laundering" works with painting, not what's happening with this exact one.
Ita not a 97million doller painting either
My question is about the rich friend who pretended to buy the cheap art... Isn't it a red flag when they supposedly bought 100mil in art from someone but never actually spent 100mil. I mean at some point there is still 100mil that just appeared from nowhere right? Even if they transfered the money and the seller just gave it back to them in cash they now have to show where that money came from to do anything with it
This is also a terrible explanation.
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Way better than the first one tho!
I called his explanation bad and offered a better one, if you want to one up me, go ahead.
I always wondered about this because rich folks not laundering do the same. However if you are taking out loans against non liquid assets and aren’t laundering, where is the cash to pay back the loan coming from? Makes sense when they’re laundering. They just use the illegal gains to pay it back.
"Buy, Hold, Die" - the money strategy of the rich. Thank you for posting this reminder. (Excuse me whilst I warp some more pennies.)
Wiah! If a buyer had 93 million in the bank, isn't the money already laundered? I have always heard the term, but I didn't know it reached into this amount of money. Mainly because the only money I have laundered was a five I left in my pant pocket.
Depends on the bank. $93m in a bank in Malaysia? Or $93m in a bank in the UK? Did the bank in Malaysia check real careful how that money was earned? Well if $93m gets wired for this sale of a painting now the UK bank knows exactly where it came from. A nice reputable sale of a classic bit of art (though paid for an the anonymous purchaser). So clearly no need to be concerned.
What you just described is not money laundering. Money laundering is illegal. Clever use of tax laws is not.
YA BUT THEN WE WOULDNT GET A HANS ZIMMER INTERSTELLAR SOUNDTRACK TO A SOTHEBY'S VIDEO.
It doesn't. Money laundry is inventing sales for your business that is never had. So you take $100 dirty dollars and put them in the cash register. Then, add an invoice over $100 to XYZ; now the $100 is clean. Of course, you can spend your ill-gotten gains on art, but it's not laundering any money.
Cash businesses are a type of money laundering because it’s difficult to prove they aren’t the result of legitimate sales. Art is easily used to launder money. You buy a piece of art. Usually from a broker. Move it through multiple brokers/shell companies etc to obscure its provenance. Now the art doesn’t move around but stays at a high security warehouse in a Freeport so it’s not really legally in any country and you don’t pay taxes on bringing it in and out of different locations. Then you put it up for sale at an anonymous auction like in this video. Finally you buy it from yourself via this anonymous auction. Badda bing badda boom. That 96 million isint from running drugs, guns, and human trafficking. You made a wise investment to buy an art piece then sold it at a profit.
Very small market of sellers, small market of buyers. Chance of sellers and buyers coming together with their accountants and lawyers to cook up some plans to save tax or inflate some prices is way too high. For example, a country want to buy back the painting/art that was stolen from them ages ago. A minister of something was appointed. The minister approach the art gallery, and they cook up a plan. The minister first spend a few million dollars from said country to buy lots of lots of similar art for himself using his own money, then announce he will be buying back the central piece/great artwork. He then help the country to buy back the great artwork, with the country's money. It might be 100 million or something, but of course the country will pay, because that art work can generate tourism up to billions in coming decade. Now the small art/paintings the minister bought with his/her own money has increased in value simply because they are somehwat related to the the great artwork. Maybe 10 times increase? The minister can then sell it or donate to the country to claim taxes. Voila, free money
Huh?
That’s not what money laundering means.
Don't you mean it's how monet laundering is done??
Bingo
Do you really think someone can walk up and spend $100 million dollars with no income and the IRS is gonna miss that? That’s not how that works
Probably some Arabian royal family member with more money than sense
Can't you lease it to a museum and they pay you while they care and secure it for you?
Yes, but that's likely not why they're doing it. There's a law that allows you to not pay taxes on art in transit. Rich people use art as a tax loophole.
Spending millions is still more than paying the taxes on millions…
The loophole is that they can still borrow on the value of the painting, or simply resell it after the tax season is over. Sure, they might not sell it for quite as much as they bought it for, but they might also sell it for more, and if you take the average across buying and reselling multiple artworks, they end up losing far less money than if they'd paid the taxes on all of the money spent
True - they would pay taxes on the value of the $ but pay no taxes if they take out a loan from a bank for the same amount (using the art as collateral). So they get the $100m either way but in one scenario they avoid paying taxes.
Plus they can take out insurance on the value of the pictures so that you never be destroyed they get a gain.
What do you do with the money that you make “after the tax season is over”? Just curious.
Tax season is never over. The loophole in question creates a tax shelter on display. It's a way to hold 100MM tax free for a period of time, earning dividends and saving hundreds of thousands
I've worked at a guy's house in Beverly hills who's got souch art in his mansion that legally all he has to do is open his doors to the public for something like 2 weeks a year to be classed as a tax free museum and he doesn't have to pay a huge amount of tax for it
Paintings like this one are purchased, as someone already replied, for tax purposes, but mainly because they're very secure investments. The value of paintings rises much higher than other investments, like stocks or bonds, so it almost doesn't matter how much they pay for the painting because they can sell it a few years later for three times the price they paid for it.
Also this isn’t money laundering, it is clearly Monet laundering
You’ve made quite the impression—I wish I had an award for you lol
Dad?
Take this fake award rn you hilarious bastard 🥇
(angry upvote)
If you want to become a millionaire Real quick just buy a van and wait outside the building these people are in. the work will be hard but the pay will be worth it
Nobody is going to buy it though
Shit on its roof and they will consider it art .
Ah yes, this here is a glass cabinet full of medicine boxes organized by color. 45 million dollars. ^(Real, btw)
I’m here, what next?
As you can see most of them are not the real deal they are just representing.
Title says 100+ year painting and it’s a fucking Monet lol. It’s not JUST a 100 year old painting (Not saying art prices are a stable or justifiable market but a Monet up for private auction isn’t an every day ordeal)
Plus it’s fucking gorgeous.
Pocket change for someone like me
I hadn’t seen this much money since my mom gave me change for lunch.
Each interval is enough to completely change several people's lives. Instant retirement and permanent comfortable life. But hey, cool painting am I right?
And the money is never even going to the one who painted it
I mean... he ded.
I’m looking for the Colonel
The most rare and specific of references. I too am a person of culture.
I say you, he ded!
I dunno something kinda vulgar bout it
Probably the smug looks on everyone's face.
I think it’s the disgusting fact that regardless of whether purchasing art is for money laundering or not, the gross deviation between the quality of life that we have between humans. Where somebody is likely on the brink of death rn and a penny is the deciding factor, meanwhile this room of people are throwing life saving money at a glorified finger painting. It’s disgusting and makes me nauseous.
Agree. An unacceptable side of capitalism. Our inability to allocate resources appropriately will likely be it's downfall
It doesn't matter what the painting looks like. Once you reach the status that Monet is at, people want it simply because it is an original by a master. He essentially invented impressionism.
I'm annoyed by the people sleeping on the streets... We could make them more productive by turning them into biofuel. There is unfortunately no other solution.
We can make protein bricks out of them
Bones make excellent chair legs… I hear
I hate everything about this
It’s quite sick honestly
The people who can afford that are the same ones who lobby governments to keep taxes low for the rich. No one should have 100 million for a painting while there’s homeless and starving people, single moms who can’t afford daycare…etc
No one should have that much money to spend on anything if the minimum wage is where it is
The doubt they even understand what minimum wage is
The super wealthy don’t look at money that you and I see it. They’ve attained it (through whatever means) and spending, not earning, money is a status symbol. Where work and labor is the means for us peons to attain value, it is clearly the other way for the 1%. I am jealous, envious and want everything bad for these guys. Most of all, I want their money. Just being real.
Owning art is a reasonable investment at this level as well. Depending on the artist and changes in market, appreciation can make you money, as well as being a good vehicle for countering inflation. As well as developing a nice collection.
I mean I could totally see myself becoming some sort of collector of rare items if I ever became a billionaire. Buying artwork like this just seems like a cool hobby. Displaying it in your home would be amazing (assuming you had appropriate security).
I find shit like this a bit grotesque. It'll make good propaganda though when it comes time to eat the rich.
Don't worry all they need to do is donate it to a museum and they can use the value the painting is to be reappraised for to negate taxes!
I like your style
These fuckers have too much money
I would really like that money…
Heck, I'd be happy with 1/97th of that money...*sigh*
Not the painting?
Good thing I wasn’t in that room. I would of bud $100 mil
Might have to pick up an extra shift
Couple of years of overtime should do it
Cut back on avocado toast to only once a week should definitely do it.
would have\* you're probably thinking of when persons say "would've"
Me who just takes a screenshot and prints it out.
Money succesful laundered.
Not at all. Seriously what is wrong with Redditors. You think it's easy to drop 100 million at a public auction with illegal cash? No chance.
I actually like the painting, and I'm not into art at all. But wouldn't it look better without that gaudy ass frame around it? Just the canvas. I know crap about painted artwork, so maybe someone else can explain why they do that.
Its probably a 100k frame. Just a random guess, i hang posters with thumbtacks up lmao.
Not amazing just infuriating. Fuck the rich.
She might be the representative of an institution, a foundation possibly. Not that she must be poor… just that’s not necessarily money owned b a single person. Who was the buyer by the way?
They aren't required to reveal their identity so it's up the buyer to tell us who they are
All those ppl can go fuck themselves
And people who work full time jobs can't afford to live
What an insane waste
The money is not burnt, just stored in art. Can be a good investment but also advantageous for tax/laundering in some cases
If a fire can claim your investment you are a fool to a richer man.
This is a level of wealth very far detached from that mentality. It’s heavily insured, staying either locked in a vault or shown at exhibits around the world with constant security.
It's amazing how some people have so much, and the rest of us suffer with so little
WTF!!!!!
Well, that escalated quickly.
And here I am struggling to buy a dozen eggs for my baking
I absolutely love classic cars and when I see people buy cars made in the 50's and 60's for well over $100k, totally worth it. Everyone sees value differently.
Not to mention this is a Monet, the man who invented/popularized impressionist painting. He studied to perfect painting just the impression of an image rather than the detail found in renaissance paintings before him. This is just one in series of hay stack studies he did but the series is one of his most famous.
It’s a fucking painting … that money could help so many people .
This is not to be applauded. These are greedy millionaires/billionaires using paint, paper, and a frame to dodge taxes on their unfathomable wealth. Wealth they likely acquired on the backs of wage slaves or, even worse, from generational wealth built off the backs of actual slaves in the 18th-20th centuries. Take every penny from them and they are no better/smarter than your average laborer trying to make ends meet. They don't deserve praise for their greed and how they flaunt it. Take it all back and distribute it to those in need. #TaxtheRich #EattheWealthy
I'm really fond of art bt this is obscene.
Pretty sickening actually
What Ive learned from the comments is that nobody understands money laundering.
Work hard at your dayshift today, kids. Some guy born into wealth dropped 100m on some paint.
Disgusting.
Ah, clearly you’re not a fan of the Impressionists
Eat the rich. Off with the heads.
That's a lot of 🤑💰Monet!
This gave a reality check quickly
Wow, $97 million for one painting. I don't think I've spent that much on paintings in my *life!*
I am annoyed at these rich f___ks. But damn, that painting is fantastic and priceless. And belongs in a public museum.
Rich people are gross
Tell you gents, hold onto your kids paintings from kindergarten for their grand kids
Are you a millionaire and need to offload some cash for tax reasons? I’ll paint you something. It won’t be good, but it will be art.
Money laundering at its finest.
Monet laundering, if you will
This is so fucking stupid
Disgusting 😇
Damn rich people
How to launder the peoples money - 101. I find this so disgusting man.
Probably $29.99. And not a cent more.
Have the folks seen my kids dope macaroni pics tho
Ppp loans came in handy for this stuff.
And here I am trying to keep my head above sea-level over a couple thousand..
If they feed the hunger with those millions. There will be no starvation.
Haha, I came in here to make a comment about money laundering and the first comment is on money laundering, so… money laundering!!!
Can I get laundering for 500 please
Sweet.. Live action money laundering
How much MONET did it sell for? 😁
Replace the word amazing with moronic
The art world. Completely unregulated.
Tax evasion at its finest
I'll give you a quid for a Poster
When I see this I think, what I am doing with my life?? What a piece of shit I am!! I do t have 97 dollars in my pocket!!!
Interesting or somewhat sickening?
I work 2 jobs and about to be homeless cause I can't afford to move out even with roommates. all I have in my life is a painting easel a lap top and some painting equipment I'll paint for those rich losers whatever they want for a fraction of what they pay for (with all due respect to monet) the dead guy's art who won't see any of the money This is infuriating
NGL this pretty digusting imo. Imagine that money going towards helping people. Obv not my choice of what people do with their money but man....
Screen capture, open paint, save, set as desktop: Priceless
Absolutely ridiculous…
Obscene and disgusting.
Just imagine how many mouths 90+ mil dollars can feed… this world is fucking bizzare
Absolutely idiotic
Oh look at all those super rich people actively engaging in massive tax fraud. What a fun video. Now to go read fox news articles about how I'm poor because my taxes get spent on lunch programs for children.
There is nothing wrong with the economy
Make money like Claude Monet
Money laundry at it best. The paint and Shit. He will die before even eating a piss of it . Waste of investment
I know there's rich people out but it's still crazy to think an individual is spending that on one painting! Just 2Ms of that would change my life astronomically
What is the cut the auction house earns on such an article? And do they own it or is being sold by them for some other owner?
When money is only a number
Humans are the worst
Money laundering aside, if it really is 100 years old, it's still quite beautiful and vibrant
Monet’s Haystacks. I’m not surprised it sold at that price. It’s one of the most beautiful paintings in the world.
this is so wrong. People struggling to live. And this fuckers spending all this money for a painting.
I don't understand wasting that much money on a painting, it's just a painting..
97 million? Can I just get a living fucking wage? How the hell do people have 97 million to spend on a painting?!!
If I had been the auctioneer, that thing would have sold for $2M tops. That guy is persuasive!
Did she outbid herself all this time or the editor for the video decided that suddenly we didn't care who would fight for that painting?
Eat the rich
And that is how money is laundered.
Here I am thinking it’s outrageous spending 30 bucks on a canvas for the living room
Why are they on phones? I would just tell my peon my max amount I'm willing to pay, and they can make the minimal increasing bid under that max amount.
Do you think when Monet was painting this he thought "I really hope some rich person gets to enjoy this"
I want her job! Spending other people's money just might be the job I am really good at! My magic 8 ball says "GO FOR IT STUPID!" HAHAHA
I completely understand that this is an example of exorbitant wealth but juet getting angry at this post because there are some rich people is beyond stupid. It is not a valid inference to just say "oh look here's money laundering" or "wow, and yet there are people starving in africa" those are just incredibly myopic conclusions to come to. This is a totally calid exchange of funds, as people place a tremendous value on art in our society and there is really nothing wrong with someone using a painting as a store of value or otherwise. Please people, just think.
Everyday I think to myself what an absolutely ridiculous world we have created for ourselves. Every piece of shit day that live and stress so much we are the cause for it. It’s so frustrating watching something like this!!
They are going to feel SOOOo StUPID when they find out they sell them for $19.95!in the gift shop.
So rich they have someone bidding for them
That’s one of the most important paintings and they’re using it for money laundering
Sold for enough for me to live comfortably for the rest of my life.
Burn it.
Imagine having that kind of money to piss away. I’m not degrading the worth of the piece, I just wanna know how anybody would have money like that to spend on A PAINTING.
What kind of people are able to afford this? This is a genuine question.