Viewing a single comment thread. View all comments

AMirrorForReddit t1_j9bqosv wrote

These kinds of sales are never about the object that is being sold. In otherwords, it's not that anyone thinks a iphone is worth that much. It's just a money laundering scheme, or a scam or fraud, where an iphone happens the be the surrogate item.

Infact, this article is part of the plan, as well as its being posted to reddit. 100% certain.

1

Arbitrage650 t1_j9dd2ga wrote

Possibly but that’s a lot of work to launder $60k. Modern art is often just a front for money laundering but single pieces can go for tens of millions

2

AMirrorForReddit t1_j9den30 wrote

That's because this is jsut the start of making this object worth millions. It may be only 60k now, but it is already being worked on to make it more. That's what this buzz cycle is all about. Giving the "piece" history, and that brings up the value, etc.

When I look at articles like this where X item was auctioned at X outrageous amount of money, I don't think, "Oh wow, that could have been me had I kept an Iphone." Instead I think, "Oh, there are some people who have connections and are playing some kind of game that I would never have been able to be a part of."

−1