The art world appears to have moved over Picasso. There\u2019s a new muse in town: a banana duct-taped to a wall. Crypto entrepreneur and Tron founder Justin Sun recently splashed a jaw-dropping $6.2 million at Sotheby\u2019s New York for \u201cComedian,\u201d Maurizio Cattelan\u2019s viral \u201cartwork\u201d consisting of\u2026well, a banana and some duct tape.<\/p>\n
And in true Justin Sun fashion, he plans to eat it.<\/p>\n
\u201cThis is not just an artwork,\u201d Sun declared<\/a> on X \u201cIt represents a cultural phenomenon that bridges art, memes, and the crypto community.\u201d Evidently, nothing screams cultural phenomenon quite like paying the price of a New York penthouse for fruit with trust issues.<\/p>\n The auction, described as fast<\/a> and \u201cslippery<\/a>,\u201d began at $800,000 and escalated quicker than Bitcoin in 2021. Sotheby\u2019s auctioneer Oliver Barker leaned into the theme with puns aplenty, urging bidders not to \u201clet it slip away.\u201d Six hopefuls, bananas in hand (figuratively speaking), vied for the prize, but Sun emerged victorious with a $5.2 million bid \u2013 plus $1 million in Sotheby\u2019s fees. Yes, even the duct tape comes with premium pricing.<\/p>\n For his investment, Sun receives a 35-cent banana, a roll of duct tape, and an instruction manual on replacing said banana when it inevitably goes mushy. Oh, and a certificate of authenticity. Because, obviously, counterfeit bananas are a real concern.<\/p>\n This isn\u2019t the banana\u2019s first rodeo. It made its debut at Art Basel Miami in 2019, where it sold for a whopping $120,000 and sparked a feeding frenzy of debate about art\u2019s value. Performance artists ate<\/a> it, copycats munched<\/a> on it, and the world scratched its collective head.<\/p>\n Sun\u2019s promise to eat the banana may ensure its place in art history, but whether this \u201ccultural phenomenon\u201d tastes worth $6.2 million remains to be seen.<\/p>\n The post Tron\u2019s Justin Sun Wins $6.2M Banana Auction, Reminds Us That Art Is Subjective (and Edible)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The art world appears to have moved over Picasso. There\u2019s a new muse in town: a banana duct-taped to a wall. Crypto entrepreneur and Tron founder Justin Sun recently splashed a jaw-dropping $6.2 million at Sotheby\u2019s New York for \u201cComedian,\u201d Maurizio Cattelan\u2019s viral \u201cartwork\u201d consisting of\u2026well, a banana and some duct tape. And in true […]<\/p>\n","protected":false},"author":0,"featured_media":22879,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-22878","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/22878"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22878"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/22878\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/22879"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}