{"id":18791,"date":"2024-11-21T12:48:58","date_gmt":"2024-11-21T10:48:58","guid":{"rendered":"https:\/\/forklog.com\/en\/justin-sun-acquires-banana-artwork-for-6-24-million\/"},"modified":"2024-11-21T12:48:58","modified_gmt":"2024-11-21T10:48:58","slug":"justin-sun-acquires-banana-artwork-for-6-24-million","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/justin-sun-acquires-banana-artwork-for-6-24-million\/","title":{"rendered":"Justin Sun Acquires Banana Artwork for $6.24 Million"},"content":{"rendered":"<p>Tron founder Justin Sun has paid $6.24 million for the work of Italian artist Maurizio Cattelan, titled <a href=\"https:\/\/www.sothebys.com\/en\/buy\/auction\/2024\/contemporary-evening-auction-2\/comedian\">\u201c<span data-descr=\"Comedian\" class=\"old_tooltip\">Comedian<\/span>\u201d<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">After over 6 minutes of heated bidding, Deputy Chairman of Sotheby&#8217;s and Chairman of Sotheby&#8217;s China, Jen Hua, placed the winning bid for \u2018Comedian\u2019 on behalf of <a href=\"https:\/\/twitter.com\/justinsuntron?ref_src=twsrc%5Etfw\">@justinsuntron<\/a>, Chinese collector and founder of cryptocurrency platform TRON. <a href=\"https:\/\/t.co\/Vf6kMoHfOQ\">https:\/\/t.co\/Vf6kMoHfOQ<\/a><\/p>\n<p>\u2014 Sotheby&#8217;s (@Sothebys) <a href=\"https:\/\/twitter.com\/Sothebys\/status\/1859423428731637990?ref_src=twsrc%5Etfw\">November 21, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The art piece consists of a banana affixed to a wall with duct tape. Seven bidders, including Sun, competed for the lot at Sotheby\u2019s for several minutes. From a starting price of $800,000, the artwork&#8217;s value soared to several million within minutes. The bidding concluded with the Tron founder&#8217;s offer of $5.2 million, with an additional $1 million in auction house fees.<\/p>\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\">\n<div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"The World's Most Expensive Banana: Maurizio Cattelan's 'Comedian' Sells for $6.2 Million | Sotheby's\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/E7pPomFdpLY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div>\n<\/figure>\n<p>The Sotheby\u2019s lot page indicates that cryptocurrency payments are accepted, though the new owner did not specify the method of payment.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">I\u2019m thrilled to announce that I\u2019ve bought the banana? !!! <a href=\"https:\/\/twitter.com\/SpaceX?ref_src=twsrc%5Etfw\">@SpaceX<\/a> <a href=\"https:\/\/twitter.com\/Sothebys?ref_src=twsrc%5Etfw\">@Sothebys<\/a> I am Justin Sun, and I\u2019m excited to share that I have successfully acquired Maurizio Cattelan\u2019s iconic work, Comedian for $6.2 million. This is not just an artwork; it represents a cultural phenomenon\u2026 <a href=\"https:\/\/t.co\/lAj1RE6y0C\">pic.twitter.com\/lAj1RE6y0C<\/a><\/p>\n<p>\u2014 H.E. Justin Sun ? (@justinsuntron) <a href=\"https:\/\/twitter.com\/justinsuntron\/status\/1859403540315373942?ref_src=twsrc%5Etfw\">November 21, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThis is not just an artwork; it is a cultural phenomenon that bridges the worlds of art, memes, and the crypto community,\u201d Sun emphasized.<\/p>\n<\/blockquote>\n<p>The owner is expected to replace the fruit as needed, with a certificate of authenticity to affirm its cultural status.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cAdditionally, in the coming days, I will personally eat the banana as part of this unique artistic experience, paying homage to its place in both art history and popular culture,\u201d added the Tron founder.<\/p>\n<\/blockquote>\n<p>Notably, the central element of \u201cComedian\u201d has been consumed at least twice before: once by a hungry student at an exhibition in Seoul and by a <a href=\"https:\/\/www.gq.com\/story\/someone-ate-the-art-banana\">New York performance artist<\/a> during a show in Miami.<\/p>\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\">\n<div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"[\ub2e8\ub3c5] 1\uc5b5 5\ucc9c\ub9cc \uc6d0\uc9dc\ub9ac \u2018\ubc14\ub098\ub098\u2019 \uad00\ub78c\uac1d\uc774 \u2018\uafc0\uaebd\u2019 \/ KBS 2023.04.28.\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/XMRK0a-nK9c?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div>\n<\/figure>\n<p>Like other works by Cattelan, \u201cComedian\u201d is provocative. His portfolio includes, for instance, a <a href=\"https:\/\/www.guggenheim.org\/exhibition\/maurizio-cattelan-america\">gold toilet<\/a> and <a href=\"https:\/\/www.perrotin.com\/artists\/Maurizio_Cattelan\/2\/la-nona-ora\/15420\">the Pope struck by a meteorite<\/a>.<\/p>\n<p>In addition to this new art piece, Sun&#8217;s collection includes a <a href=\"https:\/\/opensea.io\/assets\/ethereum\/0x495f947276749ce646f68ac8c248420045cb7b5e\/73258336313840606416969325613352621927904838023493222879825248969556135872160\">Tpunk#3442<\/a> token worth $10.5 million, one NFT from the CryptoPunks collection, and 36 non-fungible tokens in The Sandbox valued at approximately $175,000 (at floor price).<\/p>\n<p>Back in late October, Sotheby\u2019s Vice President and Head of Digital Art Michael Bouhanna achieved a 490-fold profit from the sale of the BAN token, which he himself launched.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tron founder Justin Sun has paid $6.24 million for the work of Italian artist Maurizio Cattelan, titled \u201cComedian\u201d. After over 6 minutes of heated bidding, Deputy Chairman of Sotheby&#8217;s and Chairman of Sotheby&#8217;s China, Jen Hua, placed the winning bid for \u2018Comedian\u2019 on behalf of @justinsuntron, Chinese collector and founder of cryptocurrency platform TRON. https:\/\/t.co\/Vf6kMoHfOQ [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18790,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[526,1302],"class_list":["post-18791","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-auction","tag-justin-sun"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18791","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=18791"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18791\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/18790"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=18791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=18791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=18791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}