German artist Niclas Castello created a pure golden cube, estimated to be worth $11.7 million, and displayed it in Central Park in New York City.
The cube is made from 410 pounds of pure, 24-karat gold and is sitting in the middle of the park’s Naumburg Bandshell venue along with an armed security detail, Artnet News reports. It measures just over a foot and a half long on all sides and has a wall thickness of a quarter inch.
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“[The work] is a conceptual work of art in all its facets,” Castello said. “The idea was to “create something that is beyond our world — that is intangible.”
New in NYC: A cube made from $11.7 million worth of solid gold is sitting in Central Park—and has its own security detail: https://t.co/DTsqhgCcbc pic.twitter.com/5kXUDSVnS9
— Artnet (@artnet) February 2, 2022
A corresponding cryptocurrency called the Castello Coin, or $CAST, as well as an NFT auction, are being released along with the artwork.
“The cube can be seen as a sort of communique between an emerging 21st-century cultural ecosystem based on crypto and the ancient world where gold reigned supreme,” explained gallerist Lisa Kandlhofer.
The cube was forged in a foundry in Aarau, Switzerland, in a specially designed oven to contain the massive amount of gold.
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The cube will be featured at a private dinner on Wall Street on Wednesday evening, according to Artnet News.
Castello was born in 1978 in Soviet-controlled East Germany and is known for his work inspired by “imagery from pop and consumer culture,” the outlet reports.
