4 wk. ago • 84%

Crypto boss eats banana art he bought for $6.2 million

rfi.my 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 -- by eating the fruit.

55 comments

It's still just money laundering

107
For anyone else wondering:

"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."

90
- Is it really the same artwork, in that case?
  
  33
  
  Snack of Theseus
  
  92
  
  Bingo, that's the point. It's a statement on the value of art. At the end of the day, a painting is just a piece of linen with shit smeared all over it. You might as well just tape a banana to the wall and be done with it. But it also shows something else - art isn't just paint smeared canvas. It has meaning behind it and it evokes emotion.
  
  So this guy eating it and pissing off 90% of people does the best thing that he could have done. Also, the remaining 10% know that it is not about the banana on the wall which was replacable. It was about the emotions - the outrage, the trolling. It is the same artwork - since art isn't just paint / just a banana.
  
  7
- Ductaping a banana on a wall needs instructions?
  
  32
  
  Don't underestimate how dumb people can be.
  
  11
  
  Howtobasic taught me how to touch wall with apple
  
  7
  
  The type of idiot that pays 6.2 million dollars for a duct taped banana exhibit needs those instructions.
  
  6
It's one banana, what could it cost, 6.2 million?

81
Anyone who says the rich deserve to BE rich because they are "clever businessmen" need to repeatedly kicked in the balls.

Most folks could live comfortably for the rest of their lives on what this idiot spent on a banana.

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- Moderate investing of $6.2 million with a 4-6% return would amount to a monthly payout of $25,833/month. Very comfortably.
  
  15
  
  Which is why it's really weird for people to be so greedy after they've already accomplished five million.
  
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  25,833 USD a month will result in the ultimate comfortable lifestyle. A big house, car, 100% Healthcare. Everything you could possibly need and a loy more.
  
  3
  
  And here I am glad that my savings account interest pays for my phone bill+90% of my car bill. Meanwhile I could just be buying a new car every month, instead, with a small loan of $6M
  
  1
- All people really...
  
  4
This is a special keystone headline used to warn time travellers to keep on driving to the next timeline, this one is cooked, attempt no landing here

63
I'll never understand spending that money like that instead of helping kids with cancer.

Probably one of the several reasons why I am not rich.

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- It's usually an investment. Or in this case: a publicity stunt.
  
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- You know spending money doesn't make it vanish into the air right? Someone else has the 6.2 million, and it can still help kids with cancer.
  
  -41
  
  I never thought I'd ever see someone argue against helping kids with cancer DIRECTLY when we have excess in the palm our hands, and yet here we are.
  
  47
  
  Some gifter who managed to convince the world that a banana was worth 6.2 million dollars has that money. They won't be helping anyone but themselves.
  
  I hope crypto-bro stole that 6.2 million from a cartel, and his next video involves people with machetes showing him how they feel about it.
  
  4
  
  But it wont.
  
  1
  
  Same argument about wasting 44 billion to buy twitter.
  
  A useless website exchanged hands.
  
  Someone still has the money, why dont they spend it on the poor?
  
  1
Fuck this insufferable world.

32
~~surely the banana is rotten by now wasn't this years ago~~ yup he just replaced the banana so he just ate... a banana, which he could've done with every previous banana that went rotten too if he doesn't mind soft bananas

21
Wow food prices have really risen.

18
I respect every part except "crypto entrepreneur".

16
- I think it adds to the contemporary symbolism.
  
  3
- Idk it seems par for the course
  
  The 34-year-old crypto businessman was last year charged by the US Securities and Exchange Commission with fraud and securities law violation in relation to his crypto project Tron.
  
  1
There's never been a better time to reference Arrested Development;

"There's ALWAYS, money, in the Banana Stand"

12
What a waste of money, dude could have eaten it for free like this guy. https://www.cnn.com/style/article/david-datuna-banana-art-basel-trnd/index.html

12
- Thank you! The whole point of the artwork is that it can reproduced by anyone.
  
  1
wow that is a very long article to say bullshit

8
Banana as Veblen good

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Its one banana, Michael. What could it cost, $6.2 million dollars?

1
NFT artists kind of hide behind the oldschool art world to justify it...

I think it shows how stupid that world is.

The point of art is to move people, to make them think and feel something by conveying the artist's thoughts, not be a store of value. And while I've been to museums with gorgeous pieces, if you're paying millions for a painting, at some point most of that value is the gratification of hoarding it. That same money could buy you an incredible experience in today's art landscape, but it's not about the experience, is it? And NFTs are like the perfect deconstruction of that.

That being said, OP I am downvoting your post because eyeballs are exactly what crypto bros want, no offense :P

1
Damn, this makes me sad

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- The money wouldn't be better off sitting in his bank account.
  
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  ??
  
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