On November 29, at a press conference held in Hong Kong, cryptocurrency tycoon Justin Sun ate the "banana" he had previously bought for 45 million yuan.
Under the spotlight, Sun Yuchen tore off the silver tape, took out the yellow banana stuck to the wall, peeled it and took a bite. "It tastes much better than other bananas. It's really good, haha." Sun Yuchen said with a smile.
According to previous reports, Italian artist Cattelan used tape to stick a banana to the wall to create an artwork called "Comedian".
On the evening of November 20th, New York local time (November 21st, Beijing time), Sun Yuchen, a well-known post-90s rich man from China and founder of TRON, bought the work at the auction for US$5.2 million, including the commission. $6.24 million.
Sun Yuchen once told reporters that he planned to pay tribute to the work through a public performance art.
In response to netizens questioning his speculation or even suspected money laundering, Sun Yuchen responded, "As for the so-called money laundering doubts, I would like to say that this is impossible. The most famous auction houses in the world like Sotheby's have very strict anti-money laundering measures. , every transaction will be carefully reviewed. All my investment behaviors are transparent and compliant. "
" This auction is more about an exploration of art and culture than in the traditional sense. investment behavior . I think the core of art is that it can stimulate discussion and thinking. Regarding the question of "hype", I understand that this is a phenomenon that a controversial work itself may cause - it reflects the charm of art. Challenging traditional perceptions triggers people’s deep thinking.”
Fu Jian, a well-known criminal defense lawyer and director of Henan Zejin Law Firm, previously told reporters that the legality of cryptocurrency as a means of payment is controversial and carries the risk of being out of regulation. The use of cryptocurrency as a means of payment for such transactions is not legally supported in our country.
Transnational transactions of art will also be regulated by international treaties and laws. For example, international conventions such as the Berne Convention stipulate the protection of intellectual property rights for artworks, and various countries also have relevant laws and regulations such as import and export controls and tariff collection. Capital flows involve multiple countries. If an investigation is conducted, this requires cooperation in accordance with the provisions of bilateral or multilateral treaties between multiple countries.
Source: Xiaoxiang Morning News
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