- Justin Solar buys Cattelan comic for $6.2 million, linking crypto and trendy artwork.
- The viral artworks spotlight themes of decentralization, connecting artwork and blockchain.
- Solar plans world and even area exhibitions for the duct-taped banana sculpture.
Justin Solar purchased Maurizio Cattelan's controversial work, Comic, a banana caught to the wall, for $6.2 million at an public sale at Sotheby's in New York.
The sculpture, which sparked widespread debate, grew to become a cultural phenomenon, bought inside six minutes of a name for tenders. Sotheby's confirmed that this was the one public sale of the day accepting crypto funds.
Solar revealed that he had thought-about utilizing TRX, his cryptocurrency, or Bitcoin, which had reached a report $95,000 on the time of the public sale.
The comic appeared for the primary time in 2019 at Artwork Basel Miami Seaside, offered by the Perrotin gallery. The paintings obtained a number of consideration, finally necessitating its removing attributable to overcrowding.
The three preliminary editions of the coin bought for between $120,000 and $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.
Linking symbolism to decentralization
After the sale, Bloomberg reported that Solar expressed his admiration for Comic, noting that its conceptual nature aligned with themes of decentralization on the coronary heart of the crypto world. He described it as a murals “unattainable to destroy”, as a result of its essence is its idea and never its bodily kind.
Solar, recognized for buying works by artists like Picasso, Warhol and Giacometti, sees the acquisition as a bridge between trendy artwork and the rising crypto market.
Additionally learn: Justin Solar's crypto portfolio: does it embody Bitcoin?
He plans to show the work in his Hong Kong condo and is keen to mortgage it to trade gamers for public exhibitions.
Solar additionally highlighted Comic's practicality, calling it “simple to move” in comparison with conventional paintings. He even steered its suitability for show in area, saying he would think about loaning it to Elon Musk for a mission to Mars.
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