{"id":100233,"date":"2024-11-21T02:26:20","date_gmt":"2024-11-21T06:26:20","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=100233"},"modified":"2024-11-21T02:26:24","modified_gmt":"2024-11-21T06:26:24","slug":"justin-sun-plans-to-eat-6m-banana-artwork","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/justin-sun-plans-to-eat-6m-banana-artwork\/","title":{"rendered":"Justin Sun Plans to Eat $6M Banana Taped to Wall Artwork"},"content":{"rendered":"\n

At an auction in New York, Justin Sun, the founder of Tron<\/a>, acquired an artwork featuring a banana taped to a wall for $6.2 million. Right now, he intends to eat it.<\/p>\n\n\n\n

\"Justin
Justin Sun Plans to Eat $6M Banana Taped to Wall Artwork<\/figcaption><\/figure>\n\n\n\n

In a post on X on November 21, Sun stated, “I have purchased the banana.” “This is not merely an artwork; it symbolizes a cultural phenomenon that unites the cryptocurrency community, memes, and the realm of art.”<\/p>\n\n\n\n

As part of this distinctive artistic experience, I will consume the banana in the days ahead,” he also stated.<\/p>\n\n\n\n

\"Banana
Banana taped to the wall artwork. Source: Google<\/figcaption><\/figure>\n\n\n\n

The “Comedian” artwork is a fresh banana affixed to a wall with duct tape. It is the work of Maurizio Cattelan. Nevertheless, the artwork's proprietor can replace the banana and tape as they deteriorate. <\/p>\n\n\n\n

Consequently, Sun has effectively purchased instructions on attaching a banana to a wall and a certificate of authenticity to refer to the piece as Comedian.<\/p>\n\n\n\n

Sotheby's, the auctioneer, reported on X that the work elicited “over six minutes of heated bidding,” marking its inaugural auction.<\/p>\n\n\n\n

As the auctioneer joked that “it is slipping through the auction room” and urged bidders not to “let it slip away,” the bidding began at $800,000. It rapidly escalated to millions of dollars, eliciting groans from the audience.<\/p>\n\n\n\n

The hammer fell on Sun's $5.2 million bid, over four times the presale estimate of between $1 million and $1.5 million, and included $1 million in Sotheby's expenses. Sun was able to outbid six other bidders.<\/p>\n\n\n\n

It is probable that Sun requires an abundance of nutrients.<\/p>\n\n\n\n

The founder of the Tron blockchain processes the majority of the volume for Tether, the world's largest stablecoin, which was reportedly under criminal investigation by the United States Justice Department.<\/p>\n\n\n\n

According to reports, Sun has also been subject to criminal investigations by the FBI and New York prosecutors.<\/p>\n\n\n\n

In March 2023, the Securities and Exchange Commission sued him and Tron for allegedly selling the Tron token as an unregistered security and wash-trading it to increase its price. He denies these allegations.<\/p>\n\n\n\n

The third documented instance of an individual feasting on the artwork will occur if Sun consumes the banana.<\/p>\n\n\n\n

When the work was displayed in a Seoul art museum\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> in April last year, a student consumed the banana and subsequently affixed the peel to the wall. He later stated that he consumed it due to hunger, resulting from skipping meals.<\/p>\n\n\n\n

The initial incident involving the banana occurred when the artist David Datuna consumed the piece after selling it for $120,000 at its 2019 Miami Art Basel debut. He did not incur any legal repercussions due to the banana's replacement.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

At an auction in New York, Justin Sun, the founder of Tron, acquired an artwork featuring a banana taped to a wall for $6.2 million. Right now, he intends to eat it. In a post on X on November 21, Sun stated, “I have purchased the banana.” “This is not merely an artwork; it symbolizes […]<\/p>\n","protected":false},"author":12,"featured_media":93700,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[22958,22053,5291,22310],"class_list":["post-100233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-artwok","tag-banana","tag-justin-sun","tag-tron-blockchain"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/09\/e92d2514806d42e298af54dc47db1607.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/100233","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=100233"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/100233\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/93700"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=100233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=100233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=100233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}