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National Post
National Post
21 Nov 2024


NextImg:How much did the duct-taped banana sell for at Sotheby’s? Well over the expected $1 million

(Bloomberg) — Arguably the most famous artwork of the past decade has found a new buyer. Comedian, a sculpture by the artist Maurizio Cattelan, consisting of a piece of duct tape and a banana stuck to a wall, has sold for $6.2 million at Sotheby’s in New York after more than six minutes of fierce bidding. The buyer is China-born crypto entrepreneur and Justin Sun, the auction house confirmed.

In an interview with Bloomberg following the sale, Sun said he was considering paying with the cryptocurrency he founded, Tron (TRX), but failing that with Bitcoin, which hit a record $95,000 at the time of the auction. (The lot was the only one of the night for which Sotheby’s would accept payments in crypto.)

“First of all, I’m a cryptocurrency entrepreneur, but I also buy a lot of art,” says Sun, referencing his purchases of Picasso and Warhol and Giacometti. “I found about Comedian a month ago, and I loved the idea,” he continues. “It echoes with our idea of decentralization in the crypto world, because this is a conceptual artwork—it’s impossible for you to destroy the artwork itself.”