- Justin Solar marries cryptocurrencies and modern artwork, buying Cattelan comic for $6.2 million.
- The viral paintings focuses on decentralization themes that bridge artwork and blockchain.
- Solar is planning a worldwide and cosmic exhibition of duct-taped banana sculptures.
Justin Solar purchased Maurizio Cattelan's controversial work “The 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 and have become a cultural phenomenon, was offered inside six minutes of aggressive bidding. Sotheby's confirmed that the day's public sale was the one one wherein cryptocurrency funds had been accepted.
In a twist, Solar revealed that he was contemplating the concept of utilizing his cryptocurrency, TRX, or Bitcoin, which reached a file value of $95,000 on the time of the public sale. did.
The comic first appeared in 2019 at Artwork Basel Miami Seaside, hosted by Perrotin Gallery. The piece attracted lots of consideration, however ultimately needed to be eliminated as a result of crowding.
The primary three editions of this work offered for $120,000 to $150,000 every. Since then, it has turn out to be a speaking level in artwork and popular culture, inspiring memes, merchandise, and discussions in regards to the nature of artwork itself.
Connecting symbolism and decentralization
After the sale, Bloomberg reported that Solar expressed admiration for the comic, noting that its conceptual nature aligns with the decentralization theme central to the crypto world. He described it as a murals that’s “inconceivable to destroy” as a result of its essence is the idea slightly than the bodily type.
Solar, identified for buying works by artists comparable to Picasso, Warhol and Giacometti, believes the acquisition will bridge the hole between modern artwork and the rising cryptocurrency market.
Additionally learn: Justin Solar's crypto portfolio: Does it embrace Bitcoin?
He plans to show the work in his condominium in Hong Kong, and is open to lending it to trade members for public show.
Solar additionally famous Comic's practicality, saying it’s “simpler to hold” in comparison with conventional artistic endeavors. He even prompt it will be appropriate for house displays and mentioned he would take into account loaning it to Elon Musk for Mars exploration.
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