Initially created as a satirical symbol, the banana artwork by Maurizio Cattelan has been a subject of great controversy and critique, with many individuals questioning whether or not it is worth its whopping price, running into millions of dollars.
The crypto mogul and founder of the Tron blockchain, Justin Sun, emerged the winner at the Sotheby’s contemporary art auction held on the 27th of November, 2024. The bid started at $800,000 and within only five minutes, Justin Sun had placed the winning bid of $5.2 million which later came up to $6.2 million after the inclusion of auction fees.
The businessman announced that he would be eating the million dollar fruit at a press conference in Hong Kong as he believed that this singular action could become a part of the artwork’s history. The former World Trade Organisation representative also paid for 100,000 bananas from the fruit merchant where the banana was purchased from.
Expressing his views on the feat, the Tron Chief Executive Officer says, “This is not just a piece of art: it represents a cultural phenomenon that bridges the worlds of art, memes, and the cryptocurrency community.”
In a X (fka Twitter) post, Mr. Sun states “Many friends have asked me about the taste of the banana. To be honest, for a banana with such a back story, the taste is naturally different from an ordinary one.”
Earlier in the week, the crypto founder made a $30 million investment in the Trump-backed decentralized finance company, World Liberty Financial, making Tron the largest investor in the project.
On-Chain Media articles are for educational purposes only. We strive to provide accurate and timely information. This information should not be construed as financial advice or an endorsement of any particular cryptocurrency, project, or service. The cryptocurrency market is highly volatile and unpredictable.Before making any investment decisions, you are strongly encouraged to conduct your own independent research and due diligence
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