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Reading: Crypto entrepreneur pays $6.2M for viral banana paintings – then eats it
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The Wall Street Publication > Blog > Lifestyle > Crypto entrepreneur pays $6.2M for viral banana paintings – then eats it
Lifestyle

Crypto entrepreneur pays $6.2M for viral banana paintings – then eats it

Editorial Board Published November 29, 2024
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Crypto entrepreneur pays .2M for viral banana paintings – then eats it
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Try what’s clicking on FoxBusiness.com.

Crypto entrepreneur Justin Solar bought Maurizio Cattelan’s famed banana duct-taped to a wall paintings for $6.2 million. However it did not final lengthy, as Solar instantly ate it. 

This marks the third time somebody has publicly eaten the Italian artist’s conceptual paintings, titled “Comedian,” which is comprised merely of a banana fixed with duct tape to a wall. This time, it occurred days after Solar received the paintings at a Sotheby’s artwork public sale in New York.

VIRAL BANANA ARTWORK DUCT-TAPED TO WALL SELLS FOR $6.2M

“To be honest, for a banana with such a back story, the taste is naturally different from an ordinary one. I could discern a hint of what Big Mike bananas from 100 years ago might have tasted like,” he wrote.

The profitable bidder is not meant to purchase the banana itself. The public sale home beforehand advised FOX Enterprise that the winner really receives a roll of duct tape, one banana, a certificates of authenticity and official directions for putting in the work, the public sale home mentioned. 

With the newest buy, founder and artwork adviser of The Company Artwork Home Arushi Kapoor advised FOX Enterprise that Solar is “bridging the gap between the crypto world and the traditional art scene,” which she mentioned has “traditionally maintained high barriers for non-traditional collectors.” 

Now, with extra tech fanatics coming into the fold, she mentioned it’s”fostering inclusivity and broadening participation.” 

ITALIAN ESTATE WITH HISTORIC ‘MONA LISA’ CONNECTION HITS THE MARKET FOR $19.66M

“Sun appears to perfectly grasp the conceptual essence of ‘Comedian’ like its commentary on the importance of marketing and consumerism in contemporary culture,” Kapoor mentioned. “There also is talk now that he has offered to purchase 100,000 bananas from the original vendor, who sold them for mere cents – further adding to the artwork’s dialogue on consumerism, but also giving back to the root of the physical work, the vendor who sold it.”

Kapoor added that it “remains to be seen whether Sun will continue this practice or redefine the work entirely by not replacing the eaten banana.” 

Sotheby’s praised the paintings, which carried an estimated worth between $1 million to $1.5 million earlier than bidding, as the one piece of artwork from the twenty first century that “has provoked scandal, sparked imagination, and upended the very definition of contemporary art.”  

Whereas the paintings is small, measuring 20 cm by 20 cm by 5 cm, Sotheby’s head of up to date artwork for the Americas, David Galperin, described it as “the most influential and radical artworks of the last century.”

Justin Sun

In 2019, when Cattelan’s “Comedian” debuted in Miami, it was met with confusion and in some circumstances, amusement. However the piece gained international consideration following its $120,000 price ticket at Artwork Basel. A social media debate shortly ensued concerning the nature and worth of artwork. 

In December 2019, when Comic’s set up at Perrotin’s sales space was unveiled, Sotheby’s mentioned the crowds had been so overwhelming that the paintings needed to be de-installed earlier than the tip of the truthful. All three editions of the paintings had been offered. 

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