Krissy Hoadley
👤 SpeakerAppearances Over Time
Podcast Appearances
And then, yesterday... Well, then we're addicted to our TikTok.
Jeff flies privately once a year.
Well, during the break I was looking at, I asked Chad to tell me about the black market for art, and it is... Oh, that's crazy.
It's a hidden global underground economy where stolen, looted, forged or illegally traded cultural objects are bought and sold.
It's massive, hard to measure and is intertwined with organized crime.
Here's a clear breakdown of how it works and why it exists if you want me to get into it.
So how the black market operates is the supply chain generally looks like this.
Thief or looter acquires the piece.
Middleman smuggles it and hides its origin.
Dealer or corrupt expert provides false providence.
End buyer acquires it quietly.
Often, wealthy private collectors, criminals using art to store value, and investors speculating on its future legality.