Crypto entrepreneur Justin Sun consumed Maurizio Cattelan's "Comedian" artwork -- a banana taped to a wall -- during an event in Hong Kong on Friday, declaring "the real value is the concept itself." Sun, founder of cryptocurrency platform Tron, purchased the piece for $6.2 million at Sotheby's last week, significantly above its $1-1.5 million estimate.

The acquisition included only a certificate of authenticity and assembly instructions, not the physical banana or tape. The Chinese-born entrepreneur, who faces SEC charges over fraud and securities violations, made the payment in cryptocurrency.

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