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African News Herald > Blog > Business > Crypto Tycoon Consumes Banana Art He Bought for $6.2 Million
Business

Crypto Tycoon Consumes Banana Art He Bought for $6.2 Million

ANH Team
Last updated: November 30, 2024 3:18 pm
ANH Team
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Crypto Tycoon Justin Sun Eats $6.2 Million Banana Artwork

Justin Sun, a prominent crypto entrepreneur, made headlines after fulfilling a promise he made following his purchase of a controversial piece of art featuring a banana taped to a wall. The $6.2 million artwork, titled “Comedian,” was created by Italian artist Maurizio Cattelan and was auctioned at Sotheby’s in New York.

During a press conference at a luxurious hotel in Hong Kong, Sun took a bite of the banana in front of journalists and influencers. He described the banana as “much better than other bananas” after his first taste and praised the artwork as “iconic.”

Sun shared his initial disbelief upon winning the auction, but quickly realized the potential significance of the artwork. Within seconds, he decided to consume the banana, stating that it could be part of the artwork’s narrative.

Comparing conceptual art like “Comedian” to NFT art and blockchain technology, Sun also announced a $30 million investment in World Liberty Financial, a crypto initiative backed by US president-elect Donald Trump.

Despite his success in the crypto world, Sun has faced legal challenges from the US Securities and Exchange Commission related to his crypto venture Tron. The case is still ongoing.

At the event in Hong Kong, attendees were given a roll of duct tape and a banana as mementos. The artwork’s owner receives a certificate of authenticity from Cattelan, along with instructions for replacing the fruit once it rots.


Chinese-born crypto founder Justin Sun speaks before eating a banana artwork composed of a fresh banana stuck to a wall with duct tape, in Hong Kong on November 29, 2024, after buying the provocative work of conceptual art by Italian artist Maurizio Cattelan at a New York auction for $6.2 million. – The debut of the edible creation entitled “Comedian” at the Art Basel show in Miami Beach in 2019 sparked controversy and raised questions about whether it should be considered art — Cattelan’s stated aim. (Photo by Peter PARKS / AFP)

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