Justin Sun, founder of Tron Foundation. Image: Tron Foundation.
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What is worth millions of dollars, but taped to the wall and doomed to rot away? Hint: This is art that you won’t be able to hang for very long.
Maurizio’s infamous ducttaped-banana art piece, “Comedian” Fetched The auction of contemporary art at Sotheby’s in New York, held on Wednesday, brought in a staggering $6.24m, including fees.
The sale saw six bidders battle it out before Jen Hua, deputy chairman of Sotheby's and chairman of Sotheby's China, placed the winning bid on Tron Justin Sun, founder.
The artwork shattered its $1.5 million pre-sale estimate and became its place as one of the most expensive—and controversial—art pieces (or should we say fruit) ever.
Sotheby’s has accepted cryptocurrency payments for this auction, as the market is experiencing new heights after Donald Trump’s election. Bitcoin BTC is soaring in value $97,000 Wednesday is a holiday.
Sun, a crypto-entrepreneur, You can claim your right to claim The artwork was the subject of a five-minute heated bidding war in which six other participants were involved.
“This is not just an artwork; it represents a cultural phenomenon that bridges the worlds of art, memes, and the cryptocurrency community,” Sun Writes on XSharing his “banana” experience.
He declared that he was going to eat the bananas within the next few days, as part what he called a “honoring its place in both art history and popular culture.”
The artwork is made up of a real banana that has been affixed with duct-tape to a brick wall. A certificate of authenticity, along with instructions for replacing it as the fruit inevitably rots, are included.
Oliver Barker made a quip during the heated Sotheby’s Auction. “These are the words I never thought I’d say, ‘$5 million for a banana.'”
In 2019, a banana sold at Art Basel for $120,000. After performance artist David Datuna consumed the banana and dubbed his act “Eating a Banana”, the work became a viral phenomenon. “Hungry Artist.”
Since then, Comedian’s elicited a discussion about the absurdity of art valuation and its subjectivity.
Justin Sun created the blockchain platform Tron, in 2017. He resigned as CEO of Tron Foundation in December 2021. He claimed to have transferred the project’s control to Tron DAO.
Sebastian Sinclair is the editor
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