A banana duct taped to wall.... for $120,000.00

[valax]

Money laundering.

This , pretty much how the Sicilian mafia laundered their money in the 90s

[Cosmic Janitor]

Look.

If you build a bonfire with your money and burn it, you do you boo. It's your money.

But can we fucking admit already that something has gotten completely out of hand with how capitalism works right now and just fucking have people who have so much money they could burn it on a bonfire and not give a fuck, pay their god damned taxes?

That is (not really) surprisingly not a thing you can actually do with money in most countries as there are usually laws against that.

[Ghostpanther]

Well looks better than Jackson Pollock paintings and its sold for 1% of the price....

Lol! My thoughts exactly.

[Thekri]

This , pretty much how the Sicilian mafia laundered their money in the 90s

Yeah, ridiculous art sales like this are frequently either money laundering or tax dodges. Occasionally it is just people with so much money that $120k is literally worthless to them.

Still, I see an opportunity for capitalism here. I am volunteering to tape Bananas to a Wall for only $80,000 each!

[roxfm]

Lemme guess? socialist liberal? Maybe stop being jealous of people and their money, huh?

Lol my political view have nothing to do with the level of stupidity on this "artwork". If they're laundering money, good on them for figuring out a creative solution I guess?

But if someone actually bought it for 'art', that's just stupid... Sure you can do whatever you want with it, but throwing it away on crap like this is beyond wasteful

[unfilteredJW]

Outside of those of you coming in here to flex your big brains about art, if you are interested in the economics of the art world, I highly recommend The 12 Million Dollar Shark. It’s written from the point of view of an economist wanting to learn exactly why these things cost as much as they do.

And yes, it can be silly.

- - - Updated - - -

Yeah, ridiculous art sales like this are frequently either money laundering or tax dodges. Occasionally it is just people with so much money that $120k is literally worthless to them.

Still, I see an opportunity for capitalism here. I am volunteering to tape Bananas to a Wall for only $80,000 each!

There’s a big reason the main buyers of art currently are Chinese businesses and Russian oligarchs.

[Daedius]

This is an attack on all Banana Republics out there!!

[Dwarfhamster]

Apparently someone just ate the banana.

[Puupi]

Apparently someone just ate the banana.

And called it "an art performance".

These fucking "artists" should all be gassed.

[Blade Wolf]

They do know the art piece is gonna rot right?

[Doctor Amadeus]

This was stupid the banana is stupid high art is stupid, but that said the guy should face serious charges and jail along with a fine to recoup whatever silly cost for the banana tapped to the wall.

Keep in mind I don't feel bad for the victims Galleries do have insurance, but just anything else in life you break it you bought it.

[Amerissis]

They do know the art piece is gonna rot right?

Yes, it was already the second banana (before it was eaten). The buyer bought 'the idea', and a fresh banana every time it rots. Or gets eaten.

[Katie N]

And called it "an art performance".

These fucking "artists" should all be gassed.

You haven't watched interior semiotics? Anything seems to be able to be considered art performance now. xD

[Trifle]

"A 2017 survey from Fidelity Investments found that 88 percent of millionaires are self-made. Only 12 percent inherited significant money (at least 10 percent of their wealth), and most did not grow up in exclusive country club neighborhoods. "

So yeah only 12% of millionaires inherited 10% or more of their money. (10% means inheriting 101 thousand or more and then becoming millionaires).

A million dollars isn't as much as it used to be. If you're on a decent salary and save/invest then you can probably get to a million eventually. I'd be interested to see if it goes up or down from 12% if you increase it to say $10 million, $20 million etc.

[Osoroshii]

"Who would spend this much money on a banana?"

Exclusive look at the buyer, and he seems to have no regrets.

[smityx]

You know it's not just Russians who have money to launder right?

Yeah but they're the easiest to target right now. Along with the Chinese.

[d00mGuArD]

Breaking news: some random dude ate the 120k banana

[Pebrocks The Warlock]

serious charges and jail

It's a banana.....

[ipaq]

Yeah like ppl from Heritage Foundation (and Trump) which inherited $320 in 1999, and estates which value grew with the market making him a billionaire even if anything he did by himself where all utter failures.

Talking meme words like privilege, correct your statement does not make

"A 2017 survey from Fidelity Investments found that 88 percent of millionaires are self-made. Only 12 percent inherited significant money (at least 10 percent of their wealth), and most did not grow up in exclusive country club neighborhoods. "

So yeah only 12% of millionaires inherited 10% or more of their money. (10% means inheriting 101 thousand or more and then becoming millionaires).

sourse: https://money.usnews.com/money/blogs...t-millionaires

So basically... very very very few people inherited millions. So few that it makes no sense to even mention them in discussions

[Temp name]

It's a banana.....

It's a $120k art installation he just ruined.

Yes it *was* a banana, but then someone made art with it. Doesn't matter that it's ridiculous, the man still broke something worth 120k