Justin Sun, founder of blockchain network Tron, outbids six others for Maurizio Cattelan’s ‘Comedian’
A woman looks at artist Maurizio Cattelan’s piece of art"Comedian" which sold for more than $6 million in New York. Photograph: Eduardo Munoz Alvarez/APA cryptocurrency entrepreneur paid $6.24 million for a banana taped to a wall at a contemporary art auction in New York, more than four times its presale estimate.
The entrepreneur said on Wednesday that “Comedian” is “not just an artwork; it represents a cultural phenomenon that bridges the worlds of art, memes, and the cryptocurrency community”.MenoPal app offers proactive support to women going through menopause Sun’s Tron blockchain network facilitates a large volume of the world’s USDT stablecoin transactions. In March last year, the entrepreneur proposed buying collapsed Swiss investment bank Credit Suisse for $1.5 billion to “integrate it into the Web3.0 world”.
The $6.24 million sale marked the first time that “Comedian” had appeared at auction, after first making a splash at Miami’s Art Basel fair in 2019 before travelling the world. The banana is one of an edition of three alongside two artist proofs. Cryptocurrency prices have soared in recent weeks, as investors bet that the administration of US president-elect Donald Trump will be positive for the industry.
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