Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Why Art Is Not Suited to Money Laundering, An Example

December 12, 2016 by Marion Maneker

madonna-and-child

There is a long-running assumption by many not familiar with the art market that art is used to launder money. The accusers say the art market lacks transparency. Transparency must, they say, make it easy for bad actors to use art as a means to move money surreptitiously.

But there are at least two good reasons to doubt that art is being used to launder money. The first is that law enforcement has only the tiniest handful of cases where money laundering has used art. There are few cases where known money launderers are suspect of using art as a conduit for illicit funds.

That's most likely because of the second reason. And it's got nothing to do with art dealers being virtuous. Quite the contrary. Let's see why.


Sign up to Art Market Monitor Premium today

You need a membership to AMMpro to view this article and other exclusive content daily.

You can register today for $90 per month—with your first month free!—or for $756 per year (no free trial period.)

Screenshot 2016-08-05 16.28.45

If you already have an account, sign in here:

 
 
Forgot Password

Filed Under: General, Premium

About Marion Maneker

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

Top Posts

  • After Pandemic’s Rapid Change, Sotheby’s Has 8 Predictions for 2021
  • Keith Haring’s 1989 Retrospect Comes to Sotheby’s London Prints Sale
  • A Season of Improvisation: Fall 2020 New York Modern and Contemporary Art Auction Analysis
  • Tony Podesta's Secret Art Buying
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • Norman Rockwell's Not Gay. But Is He a Great Artist?
  • Roy Lichtenstein’s Top Ten Auction Prices
  • Christie's Announces $70m Picasso Self Portrait
  • How to Chant Like an Auctioneer
  • Aboudia, Zemba Luzamba, Dickens Otieno Anchor Contemporary African Art Sale at Artcurial in Marrakesh
  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor