Maurizio Cattelan’s art installation “Comedian” sold at auction at Sotheby’s in New York for $6.2 million to a Chinese cryptocurrency entrepreneur. The artwork, a banana duct-taped to a wall, exceeded its estimated value of $1 million to $1.5 million by four times. Since its debut at Art Basel in Miami in 2019, the piece has sparked debate over the definition of art and the excesses of the art market. The buyer, Justin Sun, founder of the Tron blockchain network, paid in cryptocurrency and sees the piece as a cultural phenomenon that bridges art, memes, and the cryptocurrency community. Despite being eaten in a performance art piece twice, the banana was replaced, and “Comedian” continues to exist. Sun believes the artwork will inspire further discussion and become a part of history. The sale of “Comedian” highlights the intersection of art, technology, and wealth in the modern world.
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Banana duct-taped to wall fetches $6.2 million at Sotheby’s auction
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