#BAN Speaking of ban, first of all, let's talk about the course of events. The vice president of Sotheby's issued the coin in the pump and posted the contract on Twitter. Not long after, the contract was deleted. It was later confirmed that it was not a stolen account but his personal behavior. Whether the launch coin by the vice president of Sotheby's is a corporate act or a personal act, it cannot be separated from the company itself. Sotheby's Auction House ranks 180th among the top 500 world brands. According to the latest news, Sotheby's Auction House has received a $1 billion investment from the ADQ sovereign fund of the Middle East tycoon Abu Dhabi. Based on a PE ratio of 1:10, Sotheby's is valued at $10 billion. This investment will be used to enhance its financial strength and promote its position in the global art market. The issuance of ban is an on-chain speculation in art auctions. It can also be seen as the tokenization of fragmented NFTs in the physical world. It can also be seen as an exploration of on-chain art auctions. It can also be seen as an exploration of on-chain real-world assets in the background of the concept of RWA. The on-chain process of art is easier to accept than the on-chain process of real estate. Regardless of which exploration or experiment it is, it is a significant contribution to the crypto world.

Auction is actually a specific speculation, ban's issuance is actually the preheating of ban banana artworks, but also an exploration, possibly due to the influence of the world brand of Sotheby's, the company's behavior may be inconvenient in many ways, so this experiment has become the personal behavior of Sotheby's Vice President.
The estimated value of Italian artist Cattelan's banana artwork is around $1.5 million, but I expect the final auction price to be much higher than its valuation after this hype. Art is priceless, and art knows no borders. On November 20th, bidders from around the world will gather in New York for the auction. Take the exorbitant artworks sold at Sotheby's, such as Monet's 'Haystacks' which sold for $108 million in the spring of '23, Picasso's 'The Rose in the Plate' which sold for $104 million, 'Woman with a Watch' which sold for $139 million, and Van Gogh's 'Sunflowers' which sold for $86.8 million in 2006 and would likely be worth $860 million now. Zhang Daqian's 'K Lijiangshan Map in the Style of Wang Ximeng' sold for HK$370 million. From any perspective, the final auction price of Cattelan's banana will not be low. Furthermore, through the realization and fermentation of the auction, this exploration and commercial experiment of banana artwork will surely enter the vision of powerful institutions. After the auction, the tokenized banana will appear in the form of a DAO, just like the previous auction of the American Constitution (Token People Market Cap $400 million) at Sotheby's, shining in the long history of the crypto world.