Maurizio Cattelan's Banana Artwork Sells for $6.24 Million Again
By Amanda Phillips / Dec 24, 2024
A piece of art history was made in 2019 when a seemingly ordinary banana duct-taped to a wall was sold for an astonishing $120,000. The artwork, named "Comedian" by the Italian artist Maurizio Cattelan, sparked a frenzy on social media and reignited the age-old debate on the essence of art. Fast forward to a Sotheby's auction in New York, and one of the three editions of this viral artwork exceeded all expectations by selling for a staggering $6.24 million, far surpassing its pre-auction estimate of $1 million to $1.5 million, with bidding starting at $800,000. Auctioneer Oliver Barker, in his description of the piece, referred to it as "iconic" and "disruptive," humorously noting that selling a banana was not something he ever anticipated saying. The buyer, Justin Sun, a Chinese collector and the founder of a cryptocurrency platform, revealed that he acquired the artwork, stating in a press release, "This is not just an artwork; it symbolizes a cultural phenomenon that connects the realms of art, internet culture, and the cryptocurrency community. I am confident that this piece will provoke further thought and conversation and will become a part of history." As part of his purchase, Sun received a roll of duct tape, a banana, a certificate of authenticity, and official installation instructions. It's worth noting that neither the tape nor the banana are the original items used in the artwork's creation.