Justin Sun, a Chinese cryptocurrency entrepreneur and art collector known for purchasing the famous $6.2 million banana taped to a wall at auction, has proposed buying 100,000 more bananas from the Bangladeshi vendor who sold the original fruit for just 25 cents. This unexpected offer has sparked excitement and practical challenges for the vendor, Shah Alam, 74, and the fruit stand’s owner, Mohammad R. Islam, reports The New York Times. Entrepreneur who purchased a banana artwork for $6.2 million eats the fruit in Hong Kong The original “artwork”, sold at Sotheby’s in New York, captured worldwide attention for its price and conceptual nature. Sun now seeks to buy bananas worth about $25,000 from Alam’s stand near Sotheby’s. However, sourcing this quantity from the Bronx wholesale market and handling logistics, including packaging and transport, pose significant hurdles and costs. Alam, who earns $12 per hour working 12-hour shifts, clarified that any profit from the bulk sale would go to the stand’s owner. Alam estimated only a modest $6,000 profit would remain after expenses. “There’s not any profit in selling bananas,” Alam said, underlining the stark difference between the art piece’s exorbitant cost and the realities of running a fruit stand, the report also said. Sun, who has a history of purchasing unique and costly artworks, commented on the challenges in a text after a news event in Hong Kong, where he ate the original banana. “I am not personally familiar with the exact cost of the bananas,” he wrote, emphasising that the goal was to support Alam and highlight the artistic symbolism of the banana Fruit stand owner Islam, 53, said he would consider sharing any potential profits with Alam and other employees. He learned about Sun’s proposal from a reporter and expressed concern over its impact. Online support for Alam has grown, with two fundraising campaigns raising over $20,000, underscoring public interest in addressing the economic disparity highlighted by the original sale, added the report. Alam’s brother, Mohammad Alam Badsha, who also works at the stand, shared his view on Thanksgiving Day. He acknowledged the potential of accepting the bulk sale but pointed out it would not substantially change the vendors’ circumstances or address the deep inequality exposed by the $6.2 million price tag. “It’s definitely an inequality,” Badsha said, using a Bengali saying to describe the vast difference as “the difference between heaven and hell.”

A work by British street artist Banksy that sensationally self-shredded just after it sold at auction three years ago fetched almost 18.6 million pounds ($25.4 million) on Thursday — a record for the artist, and close to 20 times its pre-shredded price. “Love is in the Bin” was offered by Sotheby’s in London, with a presale estimate of 4 million pounds to 6 million pounds ($5.5 million to $8.2 million). After a 10-minute bidding war involving nine bidders in the saleroom, online and by phone, it sold for three times the high estimate to an undisclosed buyer. The sale price of 18,582,000 pounds ($25,383,941) includes an auction-house fee known as a buyer’s premium. Also read: Banksy sneezing woman artwork appears on Bristol house The piece consists of a half-shredded canvas in an ornate frame bearing a spray-painted image of a girl reaching for a heart-shaped red balloon. When it last sold at Sotheby’s in October 2018, the piece was known as “Girl With Balloon.” Just as an anonymous female European buyer made the winning bid — for 1 million pounds ($1.4 million) — a hidden shredder embedded in the frame by Banksy whirred to life, leaving half the canvas hanging from the frame in strips. Sotheby’s received some criticism at the time for failing to spot the hidden shredder. But the 2018 buyer decided to go through with the purchase, a decision that was vindicated on Thursday as the work's price soared. The work quickly became one of Banksy’s most famous, and Sotheby’s sent it on tour to cities including New York and Hong Kong before Thursday’s auction. Auctioneer Oliver Barker joked that he was “terrified” to bring down the hammer to end Thursday's sale. There were jitters among Sotheby's staff to the last that Banksy had another surprise planned. Alex Branczik. Sotheby’s chairman of modern and contemporary art, called the shredding “one of the most ingenious moments of performance art this century.” Also read: Vatican issues a street art stamp, ends up getting sued “It has been a whirlwind to follow the journey of this now legendary piece and to have it back in our midst, offering it tonight in the very room it was created by the artist,” Branczik said. “Banksy is no stranger to making headlines and this latest chapter in his story has captured imaginations across the world — we can only begin to guess what might come next.” Banksy, who has never confirmed his full identity, began his career spray-painting buildings in Bristol, England, and has become one of the world’s best-known artists. His mischievous and often satirical images include two male police officers kissing, armed riot police with yellow smiley faces and a chimpanzee with a sign bearing the words, “Laugh now, but one day I’ll be in charge.” Several of his works have sold for multiple millions at auction. In March, a Banksy mural honoring Britain’s health workers, first painted on a hospital wall, sold for 16.8 million pounds ($23.2 million) at a Christie’s auction, until Thursday a record for the artist. “Girl With Balloon” was originally stenciled on a wall in east London and has been endlessly reproduced, becoming one of Banksy’s best-known images.

Bangladeshi artist Imtiaj Rasel, who was in the running for this year's prestigious Sovereign Asian Art Prize, has bagged the Public Vote Prize. Rasel’s artwork, titled ‘Journey by Bus’, received the most votes from art admirers around the world. Of the 8,000 online votes, the convincing majority went to Rasel, the Sovereign Asian Art Prize authorities said. It was the only selected piece from Bangladesh, which competed in the online voting competition with 29 other artworks that got shortlisted for The 2021 Sovereign Asian Art Prize, from artists throughout the Asia-Pacific region. Read '50 Springs of Freedom’ art camp to begin in Chattogram on Independence Day Artist Rithika Merchant from India received the Vogue Hong Kong Women’s Art Prize in this year's edition, while the grand prize went to artist Li Binyuan from China.

Sophia is a robot of many talents — she speaks, jokes, sings and even makes art. In March, she caused a stir in the art world when a digital work she created as part of a collaboration was sold at an auction for $688,888 in the form of a non-fungible token (NFT). The sale highlighted a growing frenzy in the NFT market, where people can buy ownership rights to digital content. NFTs each have a unique digital code saved on blockchain ledgers that allow anyone to verify the authenticity and ownership of items. David Hanson, CEO of Hong Kong-based Hanson Robotics and Sophia's creator, has been developing robots for the past two and a half decades. He believes realistic-looking robots can connect with people and assist in industries such as healthcare and education. Sophia is the most famous robot creation from Hanson Robotics, with the ability to mimic facial expressions, hold conversations and recognize people. In 2017, she was granted Saudi Arabian citizenship, becoming the world’s first robot citizen. Also read: Japan hotel uses robot staff for coronavirus patients “I envisioned Sophia as a creative artwork herself, that could generate art,” Hanson said in an interview. “Sophia is the culmination of a lot of arts, and engineering, and the idea that she could then generate art was a way for her to emotionally and visually connect with people,” he said. Sophia collaborated with Italian artist Andrea Bonaceto, who drew portraits of Sophia. Sophia then processed his work via neural networks and proceeded to create a digital artwork of her own. The digital work that sold for $688,888 is titled “Sophia Instantiation”, and is a 12-second video file which shows Bonaceto’s portrait evolving into Sophia’s digital painting. It is accompanied by the physical artwork painted by Sophia. The buyer, a digital artwork collector and artist known as 888 with the Twitter handle @Crypto888crypto, later sent Sophia a photo of his painted arm. The robot then processed that, adding that image to her knowledge and painted more strokes on top of her original piece. In a tweet on Sophia’s account, the work was described as the first NFT collaboration between an “AI, a mechanical collective being and an artist-collector.” “As an artist, I have computational creativity in my algorithms, creating original works,” Sophia said when asked what inspires her when it comes to art. “But my art is created in collaboration with my humans in a kind of collective intelligence like a human-artificial intelligence hive mind.” Sophia’s artwork selling as an NFT is part of a growing trend. In March, a digital artwork by artist Beeple — whose real name is Mike Winkelmann — sold for nearly $70 million, shattering records and making it the most expensive digital artwork ever sold. Henri Arslanian, PricewaterhouseCooper’s Global Crypto Leader, said that NFTs give people “bragging rights” of the assets that they own. Also read: Japan to build dam entirely with robots “And what is really amazing with NFT is that it not only allows you to actually show to the broader world that you own this, but it really creates this bond between the holder of the NFT and the artists,” he said. It also allows art to be sold without traditional intermediaries, so that artists can connect directly with buyers without being constrained by galleries or auction houses, Arslanian said. Sophia will carry on painting, Hanson said, and the next step in the robot's career could be that of a musician. She is working on several musical works in a project called Sophia Pop, where she collaborates with human musicians to generate music and lyrics, he said. “We’re so excited about Sophia’s career as an artist,” Hanson said.