HONG KONG: Crypto entrepreneur Justin Sun on Friday fulfilled a promise he made after spending $6.2 million on an artwork featuring a banana duct-taped to a wall — by eating the fruit.
At one of Hong Kong’s priciest hotels, Sun chomped down on a banana in front of dozens of journalists and influencers after giving a speech hailing the work as “iconic” and drew parallels between conceptual art and cryptocurrency.
“It’s much better than other bananas,” Sun said after getting his first taste.
“It’s really quite good.”
Titled “Comedian,” the conceptual work created by Italian artist Maurizio Cattelan was sold at a Sotheby’s auction in New York last week, with Sun among seven bidders.
Sun said he felt “disbelief” in the first 10 seconds after he won the bid, before realizing “this could become something big.”
In the 10 seconds after that, he decided he would eat the banana.
“Eating it at a press conference can also become a part of the artwork’s history,” he said Friday.
The debut of the edible creation at the 2019 Art Basel show in Miami Beach sparked controversy and raised questions about whether it should be considered art — Cattelan’s stated aim.
And Sun on Friday compared conceptual art like “Comedian” to NFT art and decentralized blockchain technology.
“Most of its objects and ideas exist as (intellectual property) and on the Internet, as opposed to something physical,” he said.
Sun also this week disclosed a $30 million investment in World Liberty Financial, a crypto project backed by US president-elect Donald Trump.
The crypto businessman was last year charged by the US Securities and Exchange Commission with offering and selling unregistered securities in relation to his crypto project Tron. The case is ongoing.
At a function room at the Peninsula hotel in Hong Kong, two men dressed as auction house staff stood in front of a featureless wall with the yellow banana offering the only splash of color.
Sun said he only recently decided to bid for the artwork, adding he had “dumb questions” such as whether the banana had decayed and how to value the work.
The artwork owner is given a certificate of authenticity that the work was created by Cattelan as well as instructions about how to replace the fruit when it goes bad.
Event attendees on Friday each received a roll of duct tape and a banana as a souvenir.
“Everyone has a banana to eat,” he said.
Crypto boss eats banana art he bought for $6.2 million
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Crypto boss eats banana art he bought for $6.2 million
- Crypto entrepreneur Justin Sun on Friday fulfilled a promise he made after spending $6.2 million on an artwork featuring a banana duct-taped to a wall
Arts festival’s decision to exclude Palestinian author spurs boycott
- A Macquarie University academic who researches Islamophobia and Palestine, Abdel-Fattah responded saying it was “a blatant and shameless act of anti-Palestinian racism and censorship,” with her lawyers issuing a letter to the festival
SYDENY: A top Australian arts festival has seen the withdrawal of dozens of writers in a backlash against its decision to bar an Australian Palestinian author after the Bondi Beach mass shooting, as moves to curb antisemitism spur free speech concerns.
The shooting which killed 15 people at a Jewish Hanukkah celebration at Sydney’s Bondi Beach on Dec. 14 sparked nationwide calls to tackle antisemitism. Police say the alleged gunmen were inspired by Daesh.
The Adelaide Festival board said last Thursday it would disinvite Randa Abdel-Fattah from February’s Writers Week in the state of South Australia because “it would not be culturally sensitive to continue to program her at this unprecedented time so soon after Bondi.”
FASTFACTS
• Abdel-Fattah responded, saying it was ‘a blatant and shameless act of anti-Palestinian racism and censorship.’
• Around 50 authors have since withdrawn from the festival in protest, leaving it in doubt, local media reported.
A Macquarie University academic who researches Islamophobia and Palestine, Abdel-Fattah responded saying it was “a blatant and shameless act of anti-Palestinian racism and censorship,” with her lawyers issuing a letter to the festival.
Around 50 authors have since withdrawn from the festival in protest, leaving it in doubt, local media reported.
Among the boycotting authors, Kathy Lette wrote on social media the decision to bar Abdel-Fattah “sends a divisive and plainly discriminatory message that platforming Australian Palestinians is ‘culturally insensitive.'”
The Adelaide Festival said in a statement on Monday that three board members and the chairperson had resigned. The festival’s executive director, Julian Hobba, said the arts body was “navigating a complex moment.”
a complex and unprecedented moment” after the “significant community response” to the board decision.
In the days after the Bondi Beach attack, Jewish community groups and the Israeli government criticized Prime Minister Anthony Albanese for failing to act on a rise in antisemitic attacks and criticized protest marches against Israel’s war in Gaza held since 2023.
Albanese said last week a Royal Commission will consider the events of the shooting as well as antisemitism and social cohesion in Australia. Albanese said on Monday he would recall parliament next week to pass tougher hate speech laws.
On Monday, New South Wales state premier Chris Minns announced new rules that would allow local councils to cut off power and water to illegally operating prayer halls.
Minns said the new rules were prompted by the difficulty in closing a prayer hall in Sydney linked to a cleric found by a court to have made statements intimidating Jewish Australians.
The mayor of the western Sydney suburb of Fairfield said the rules were ill-considered and councils should not be responsible for determining hate speech.
“Freedom of speech is something that should always be allowed, as long as it is done in a peaceful way,” Mayor Frank Carbone told Reuters.
