This morning, joggers in New York’s Central Park may have come across a curious, rather illustrious sight. A cube composed of 186 kilograms of pure 24-karat gold, conceived by the German artist Niclas Castello who has billed it as a conceptual “socle du monde” (base of the world) sculpture for our time, was wheeled out to the Naumburg Bandshell this morning at around 5 a.m.
Although the work is not for sale, according to the artist’s team, based on the current price of gold at $1,788 per ounce, its material worth is around $11.7 million. Flanked by a heavy security detail, the 410-pound work is set to be displayed in the park until the day’s end.
In a message sent this morning to Artnet News, Castello called the work “a conceptual work of art in all its facets.” He said the idea was to “create something that is beyond our world—that is intangible.”
And so, as with all things in 2022, an accompanying cryptocurrency is being launched alongside the physical artwork. The Castello Coin, traded as $CAST, is available for purchase online at an initial price of €0.39 ($0.44) each, with an accompanying NFT auction scheduled for 21 February.
The Castello Cube being cast in a foundry in Switzerland.
“The cube can be seen as a sort of communiqué between an emerging 21st-century cultural ecosystem based on crypto and the ancient world where gold reigned supreme,” says the Viennese gallerist Lisa Kandlhofer, who was in New York for the artwork’s launch.
According to Castello’s team, golden cube was cast at a foundry in Aarau, Switzerland, requiring a special handmade kiln in order to withstand both the sheer size and volume of gold, as well as the extreme temperatures needed to melt it, reaching up to 1100 degrees Celsius. The cube measures over a foot and a half on all sides and has a wall thickness of about a quarter inch.
Later tonight, the sculpture will make its way to a private dinner on Wall Street, where numerous celebrities are said to be attending.
infamous diamond encrusted skull, a memento mori that is also a commentary on art’s endless entanglement in money and capital, or Piero Manzoni’s tongue-in-cheek provocation Artist’s Shit (1961), a tin can containing the artist’s feces which he sold for its weight in gold.
But after its one-day exhibition, where will The Castello CUBE go next? The artist’s team has so far remained tight-lipped about that. One thing is certain, however: Central Park just got a lot more bling.
Follow Artnet News on Facebook:
Want to stay ahead of the art world? Subscribe to our newsletter to get the breaking news, eye-opening interviews, and incisive critical takes that drive the conversation forward.
Gene Simmons Has Got Thoughts on the Latest Cryptocurrency Crisis – We Got This CoveredJune 17, 2022
Kevin Winter / Getty Images During the Great Depression, the world’s leaders relied on the theories of British economist John Maynard Keynes. During the recession that began in the waning years of the Reagan presidency, the U.S. government was advised by master economist Alan Greenspan for the next 19 years. And now, during the onset […]
Crypto is a scam, shouldn’t be invested in – The Cougar – The Daily CougarMarch 4, 2022
By Anna Baker March 4, 2022 Santiago Gaughan/The Cougar At this point, you’ve likely heard of cryptocurrency by now. While it makes promises to revolutionize the financial world, it really only suits the super-wealthy. In other words, crypto is a scam and you should not put your money in it. Cryptocurrencies are digital or virtual […]
The rise of socially-influenced cryptos – HUH Token (HUH), SafeMoon (SAFEMOON) and Floki Inu (FLOKI) – News AnywayMarch 4, 2022
Post Views: 295 Cryptocurrencies like HUH Token (HUH), SafeMoon (SAFEMOON) and Floki Inu (FLOKI) represent a new age in the digital asset industry. We are now in the digital area, where most of our lives are lived through the internet and an ever-growing social media sphere. Society in itself has changed and will continue to […]
No Comments Yet