Tron’s Justin Sun Wins $6.2M Banana Auction, Reminds Us That Art Is Subjective (and Edible)

The artwork world seems to have moved over Picasso. There’s a brand new muse on the town: a banana duct-taped to a wall. Crypto entrepreneur and Tron founder Justin Solar lately splashed a jaw-dropping $6.2 million at Sotheby’s New York for “Comic,” Maurizio Cattelan’s viral “paintings” consisting of…nicely, a banana and a few duct tape.

And in true Justin Solar trend, he plans to eat it.

“This isn’t simply an paintings,” Solar declared on X “It represents a cultural phenomenon that bridges artwork, memes, and the crypto neighborhood.” Evidently, nothing screams cultural phenomenon fairly like paying the worth of a New York penthouse for fruit with belief points.

The public sale, described as fast and “slippery,” started at $800,000 and escalated faster than Bitcoin in 2021. Sotheby’s auctioneer Oliver Barker leaned into the theme with puns aplenty, urging bidders to not “let it slip away.” Six hopefuls, bananas in hand (figuratively talking), vied for the prize, however Solar emerged victorious with a $5.2 million bid – plus $1 million in Sotheby’s charges. Sure, even the duct tape comes with premium pricing.

For his funding, Solar receives a 35-cent banana, a roll of duct tape, and an instruction handbook on changing stated banana when it inevitably goes mushy. Oh, and a certificates of authenticity. As a result of, clearly, counterfeit bananas are an actual concern.

This isn’t the banana’s first rodeo. It made its debut at Artwork Basel Miami in 2019, the place it bought for a whopping $120,000 and sparked a feeding frenzy of debate about artwork’s worth. Efficiency artists ate it, copycats munched on it, and the world scratched its collective head.

Solar’s promise to eat the banana might guarantee its place in artwork historical past, however whether or not this “cultural phenomenon” tastes value $6.2 million stays to be seen.