Yep, rich fucks like Epstein act as arts patrons so they can own something with arbitrary value requiring minimal capital outlay, which they then sell to each other at outrageous prices (Epstein had some other reasons for keeping young female artists dependent on him, as you can imagine). They pay for each other's art with dark money, so that everyone can show that all their fortunes came from selling art.

Doing it online with jpegs is the same thing, but with less work.