A $6.2 Million Banana, Purchased with Crypto

• Justin Solar buys Cattelan’s Comic for $6.2M, linking crypto and trendy artwork.
• Viral paintings highlights decentralization themes, bridging artwork and blockchain.
• Solar plans world and even area exhibitions for the duct-taped banana sculpture.

Justin Solar has bought Maurizio Cattelan’s controversial paintings, Comic—a banana duct-taped to a wall—for $6.2 million at a Sotheby’s public sale in New York.

The sculpture, which sparked widespread debate grew to become a cultural phenomenon, offered inside six minutes of aggressive bidding. Sotheby’s confirmed that this was the one public sale of the day that accepted crypto funds.

In a twist, Solar revealed he had toyed with the thought of utilizing TRX, his cryptocurrency, or Bitcoin, which had hit a file $95,000 on the time of the public sale.

Comic first appeared in 2019 at Artwork Basel Miami Seashore, offered by the Perrotin gallery. The paintings garnered important consideration, ultimately requiring its removing as a result of overcrowding.

The preliminary three editions of the piece offered for $120,000 to $150,000 every. Since then, it has turn into a subject of dialogue in artwork and popular culture, inspiring memes, merchandise, and debates in regards to the nature of artwork itself.

Connecting Symbolism with Decentralization

Following the sale, Bloomberg reported Solar expressing admiration for Comic, noting its conceptual nature aligning with themes of decentralization central to the crypto world. He described it as an paintings “unattainable to destroy,” as its essence is its idea, not its bodily type.

Solar, identified for buying works by artists like Picasso, Warhol, and Giacometti, sees this acquisition as a bridge between trendy artwork and the increasing crypto market.

Learn additionally: Justin Solar’s Crypto Portfolio: Does It Embody Bitcoin?

He plans to show the piece in his Hong Kong residence and is open to lending it to business gamers for public exhibitions.

Solar additionally famous the practicality of Comic, calling it “straightforward to move” in comparison with conventional artworks. He even prompt its suitability for area show, stating he would contemplate lending it to Elon Musk for a mission to Mars.