Banana taped to wall sells for $6.2m

NEW YORK, Nov 21 (AFP): 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.

The debut of the edible creation entitled "Comedian" at the Art Basel show in Miami Beach in 2019 sparked controversy and raised questions about whether it should be considered art-Cattelan's stated aim.

Chinese-born crypto founder Justin Sun on Wednesday forked over more than six million for the fruit and its single strip of silver duct tape, which went on sale for 120,000 dollars five years ago.

"This is not just an artwork. It represents a cultural phenomenon that bridges the worlds of art, memes, and the cryptocurrency community," Sun was quoted as saying in the Sotheby's statement.

"I believe this piece will inspire more thought and discussion in the future and will become a part of history."

The sale featured seven potential buyers and smashed expectations, with the auction house issuing a guide price of $1-1.5 million before the bidding.

Given the shelf life of a banana, Sun is essentially buying a certificate of authenticity that the work was created by Cattelan as well as instructions about how to replace the fruit when it goes bad.