I mean I might be able to understand how a pigeon can sell for KD45,000 but what I can’t understand is why the venue in such poor shape. If I was throwing that much money around I’d expect a 5-star venue and I’d also probably store the pigeon in something fancier than a cardboard box. [YouTube]
24 replies on “Inside a Pigeon Auction in Kuwait”
gross
You realize that this is all money laundering, right? No sane person would buy a pigeon for 45,000kd.
Money Laundering? My job is anti money laundering so I am going to have a chat with the MOI I guess.
You work at HSBC. Your job is money laundering, not AML.
https://www.usatoday.com/story/money/business/2012/12/11/hsbc-laundering-probe/1760351/
LOL
hahaha
Exactly ……….
HSBC is the fucking head of money laundering operations that launders money for drug traffickers.
Correct, same with people buying houses at crazy prices. I knew someone who sold his house for cash and it turned out the buyer was laundering some money.
No that’s just the Kuwait Real Estate market being incredibly overpriced
Has there been a case in which the police found such establishments to be covers for money laundering?
Cause I don’t see this any different than similar events dealing with dogs, cats, cars, or paintings.
Paintings and all sorts of art are internationally one of the largest ways to launder 🙂 It’s what supports the art market basically lol
https://www.ibtimes.com/chinas-money-laundering-wealthy-chinese-smuggling-cash-out-using-art-1557155
5 star does not even compete to win for such an event !! … Something insane like that has to happen in such a place !
whats so special about that pigeon?
It can fly!
Impossibru! :O
It can read the message to you upon delivery.
These are serious people mark. They don’t have time for pomp and pretense. Straight to the quality pigeon on trade son. Some “High qual Pige” right there.
This, and goats of thousands KDs are all money laundering
money laundering to pay for what? drugs or weapons or something else?
It’s not to buy illegal things, it’s to make legitimate money you shouldn’t have. Money laundering is taking money you shouldn’t have and basically turning it into something legitimate.
So for example:
I have 50,000 KD I got as a bribe (probably the most common thing here)
I want to spend it on a new car but I drive a 1990 mitsubishi pick up and it’ll be really obvious I took a bribe
Get a friend to buy an expensive pigeon for 45,000 KD
Buy it from him for “50,000 KD” with no money changing hands. Sell it to another friend for “50,000KD” that you gave him yourself. You give each of them part of your bribe as thanks for helping out. Now if anyone asks where you got the 50k you tell them you sold a sheep, and your friends will back up that they bought and sold the sheep to you.
This is vastly oversimplifying it and if you do something this obvious you’ll probably get caught but yeah that’s the gist of it. This is why paintings sell for millions and millions – I posted an article above but in China you’re not allowed to take too much money outside of the country… but you CAN buy a $20 million painting, take it outside of the country, then sell it for $19.9 million the next day.
🙂 🙂 🙂 bas!
I sincerely hope to God they require everyone to wear a nose mask at the auction, as much for cosmesis as for protecting their own health.
Money Laundry is houses prices in kuwait raising up twice it’s original prices, it used to be 60k k.d. now it’s 160k.d. which is cheapest house, more than just twice, triple it prices, these pigeons are special ones that has unique breed, however I know it used to be sold in 1-3k k.d. but that price is ridiculously high.
because Falcons prices are 10-15k k.d. there is no way a pigeon price raise up higher than falcon
45000 KD for a pigeon !!!?? I’d rather buy a decent flat or house with that amount. spending that much on an animal that could die any moment or at least get eaten, Sanity!!!. sheeshh