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Reading: Banana Artwork by Maurizio Cattelan Sells for $6.2 Million
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Maurizio Cattelan Banana Art
PhotoNews Pakistan > Entertainment > Banana Artwork by Maurizio Cattelan Sells for $6.2 Million
Entertainment

Banana Artwork by Maurizio Cattelan Sells for $6.2 Million

Web Desk
By Web Desk Published November 21, 2024 2 Min Read
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The banana is an artwork titled “Comedian,” by Italian artist Maurizio Cattelan. Photo Credits: @WSJ (X)
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A piece of art consisting of a banana duct-taped to a wall fetched $6.2 million at a Sotheby’s auction on Wednesday. The buyer, cryptocurrency entrepreneur Justin Sun, contributed to the ongoing debate about the nature of art.

A fresh banana taped to a wall — a provocative work of conceptual art by Italian artist Maurizio Cattelan — was bought for $6.2 million on Wednesday by a cryptocurrency entrepreneur at a New York auction, Sotheby’s announced in a statement. #CDNDigital

READ:… pic.twitter.com/YY9Fy0Jbpn

— CDN Digital (@cebudailynews) November 21, 2024

The artwork, titled “Comedian” by Italian artist Maurizio Cattelan, first made waves at Art Basel in Miami in 2019. It attracted such a crowd that the exhibit was removed for public safety and the protection of other artworks.

#VantageOnFirstpost: Viral duct-taped banana artwork, created by noted prankster Maurizio Cattelan, has sold for $6.2 million. So why did he purchase the fruit at such a high price? What is art investment and how does it work?@palkisu tells you. pic.twitter.com/2jJcTCsD6l

— Firstpost (@firstpost) November 21, 2024

At the Sotheby’s auction in New York, the bidding started at $800,000 and swiftly escalated to $5.2 million within five minutes, plus a buyer’s premium. The final price exceeded the pre-sale high estimate of $1.5 million, with participants bidding in person, over the phone, and online.

A banana duct-taped to a wall, a conceptual piece of art titled 'Comedian' by Maurizio Cattelan, sold for 6.2 million dollars at auction at Sotheby's 🖼️🍌

Read more here: https://t.co/0aDxrSCCsZ pic.twitter.com/OzHKr35SZx

— Sky News (@SkyNews) November 21, 2024

Sun, the Chinese collector and founder of the cryptocurrency Tron won the piece through a phone bid and paid in cryptocurrency. According to Artnet.com, the buyer must replace the banana as it decomposes.

Sun expressed that the purchase was more than an acquisition of art; it symbolized a cultural phenomenon bridging art, memes, and the cryptocurrency community. “I believe this piece will spark further thought and discussion and become a part of history,” he stated.

Sun also mentioned his intention to eat the banana, echoing actions taken by at least two spectators in other galleries where the piece was displayed.

Cattelan, the artist behind “Comedian,” is also known for other provocative works, such as a golden toilet and a sculpture depicting the pope struck by a meteorite.

Art experts in a Sotheby’s video described the work as humorous, absurd, and a critique of the art market’s extravagance, drawing comparisons to Banksy’s “Girl with Balloon,” which self-shredded during an auction in 2018.

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