They have gold in the hills of Central Park.
A German artist has created a cube supposedly made of solid gold and placed it in the middle of Manhattan’s biggest green space – a wild publicity stunt to draw attention to a new cryptocurrency that was launched at the same time.
Reportedly made from 999.9 pure 24 carat gold and weighing 410 pounds, it took Nicholas Castello over 4,500 hours to create it. The cube has a hollow core.
If the gold is real, the entire piece of art would be valued at $11.7 million, based on the precious metal’s current price of $1,788 an ounce.
A security team was stationed near the Naumburg Bandshell at the south end of the park to keep an eye on the valuable structure in case someone tried to throw a 410-pound cube in the crime-ridden city.
The hatchling measures just over a foot and a half and is about a quarter of an inch thick with a hollow center.
The unique piece was designed to draw attention to the artist’s own cryptocoin, known as the “Castello Coin”.
A cube of 410 pounds of pure 24 carat gold was made and installed in Central Park on Thursday.
The entire piece of art is valued at $11.7 million. The security team is now on site at all times guarding the work.
The work was presented at a special dinner in New York on Wednesday evening.
For the last few days, huge screens in Times Square have been displaying mysterious coordinates: 40° 46′ 22″ N / 73° 58′ 17″ W, where the Golden Cube is located in Central Park.
“Never before in the history of mankind has such a huge amount of gold been cast into one pure object. Gold is an eternal metal. A symbol of the sun, light, goodness, ”wrote Castello.
The piece of art, named Castello CUBE, was made at the H. Rüetschi art foundry in Aarau, Switzerland, and required a hand-crafted kiln large enough to hold the volume of gold.
The furnace was hot enough to melt the gold bars at 1,100 degrees Celsius so they could be cast.
Lisa Kandlhofer, a Viennese gallery owner who attended the presentation of the cube, echoed:[It is] a kind of communiqué between the emerging 21st century cultural ecosystem based on cryptocurrency and the ancient world where gold reigned supreme,” Artnet News reports.
It was created by German artist Nicolas Castello, who presented the art project on Thursday.
Nicholas Castello is pictured next to his cube in snow-covered Central Park on Thursday morning with long black hair and bright blue glasses.
The cube attracts curious onlookers, though there’s no chance they can escape with the 410-pound weight.
Photojournalists took the opportunity to photograph Nicholas standing next to his cube on Thursday.
Tourists from Central Park stopped to photograph the golden cube
Park visitors seem to have been fascinated by the view of the golden cube next to the Naumburg Bandshell.
For the past few days, huge screens in Times Square have displayed some mysterious coordinates: N 40° 46′ 22″ / W 73° 58′ 17″ – the place where the cube is located.
The cube was unveiled Wednesday at a private dinner at Cipriani’s on Wall Street, which ArtNet reported was attended by a host of celebrities.
Several people who visited the cube on a rainy afternoon in Manhattan marveled at the golden artwork.
“Reflections are just incredible,” said Bridget Bentele in an interview with the New York Times. “Putting it there on the snow seems really inspiring.”
However, the structure was considered by most to be a waste, given the rising levels of poverty and homelessness in New York City.
“The $11.7 million gold cube in Central Park is to be melted down and the proceeds go to the needs of the poor and homeless,” wrote one.
Another tweeted: “You could do much better with $11 million than slap a golden cube in central park and then sell NFTs and crypto after putting your name in a rich people’s hat like I don’t know pay for terrible infrastructure. the city cares little or something.
Part of the production process is captured in this photo, where the gold had to be heated to 1100 degrees Celsius.
German artist Nicholas Castello is hard at work on his golden cube.
Castello can be seen engraving some of the individual gold bars that were used to be melted down into cubes.
The cube measures just over a foot and a half and is about a quarter of an inch thick.
The piece of art, named Castello CUBE, was made at Art Foundry H. Rüetschi in Aarau, Switzerland.
Gold bars were brought in to be melted down. Gold was purchased at $1,788 an ounce.
Nicholas Castello signed and dated his latest project
All the bars were lined up on a table in Switzerland, ready to be melted down and melted into a cube.
The cube stands out in the dark while still in place in Switzerland.
Art historian Dr. Dieter Buchhart says he considers the cube “unique in the history of art” because there were no models of how such an object could have been created.
“The cube can be seen as a kind of communiqué between the emerging 21st-century cultural ecosystem based on cryptography and the ancient world where gold reigned supreme,” gallerist Lisa Kandlhofer told ArtNet.
Castello was born in East Germany in 1978 but now lives and works in New York and Switzerland. is also launching its own cryptocurrency called Castello Coin, which matches up with its latest piece of art.
The general public saw the cube for the first time at a dinner in New York on Wednesday night.
The Cube was the center of attention at Wednesday night’s gala dinner.
Gold shone as it took center stage at its own launch event on Wednesday.
Castello spotted presenting his latest art project on Cipriani Wall Street.