Duct-Taped Banana "Art" Sells For Over $6 Million!
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"Comedian," a conceptual artwork featuring a banana duct-taped to a wall, fetched an astounding $6.2 million at a Sotheby’s auction on November 20, 2024. Bidding began at $800,000 and quickly surged to $4 million and then $5.2 million, plus $1 million in auction fees. The final price surpassed the $1.2 million pre-auction estimate for the artwork.
Created by Italian artist Maurizio Cattelan, "Comedian" sparked widespread controversy when it debuted at Miami's Art Basel in 2019. Cattelan explained that the piece explored how society assigns value to everyday objects. He had initially thought of crafting a banana using resin or bronze. However, the artist ultimately chose a real banana to convey his message. The artwork gained even more fame after a visitor ate the banana, forcing officials to replace it with a backup.
Its immense popularity drew large crowds. Concerned the visitors might damage other artworks"Comedian" was eventually removed from public display. However, three editions of the artwork were sold at the time for prices ranging from $120,000 to $150,000 each. One of these was later donated to the Guggenheim Museum in New York City. It remains unclear which edition was auctioned on November 20.
Regardless, five years later, Chinese-born entrepreneur Justin Sun paid over 40 times the highest original price for "Comedian". The artwork's value was not in the banana itself, which had been purchased earlier that day for just 35 cents. Instead, its worth lies in the certificate of authenticity. It grants Sun the right to duct tape a banana to a wall and call it "Comedian." He also received installation instructions, including how to replace the fruit whenever it rots.
Sun said. "[The artwork] represents a cultural phenomenon that bridges the worlds of art, memes, and the cryptocurrency community."
"Additionally, in the coming days, I will personally eat the banana as part of this unique artistic experience, honoring its place in both art history and popular culture." he remarked.
Sun made good on this promise by devouring the fruit in a press conference held in Hong Kong on November 29, 2024.
“It’s much better than other bananas,” Sun told reporters. “It’s really quite good.”
Since the sale, a kind Samaritan has helped raise over $19,000 to support the New York fruit vendor whose banana was used in the auction.
Resources: NPR.org, Smithsonianmag.com, CNN.com
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182 Comments
dtiqueen12385about 21 hoursIt will rot how can you buy it for that much when you can make it 🧐
the_mandalorian1 dayThis post will make it the most popular article on Dogo News for this Year!
aidan_w6 daysspend 35 cents, gets $6.2 mil. back..... I think he might have made a LITTLE bit of a profit \(._.)/
goobygoob7 daysI would love to spend 35 cents on a banana to sell it for 6.2 million dollars.
eleanorconti9 daysWhy did he spend all that money on a 35 cent banana?🍌
sylerygunano9 daysthat is cool- hilomakevaza9 dayswow so cool
ronnywang10 daysThis is a waste of money but you guys won’t understand why it’s so expensive because it’s a art all art is expensive- ronnywang10 daysSo that means I can sell it for cheep like for only 10$ and I would still make some money
- ronnywang10 daysPOV him seeing the banana for 35 cents in the grocery store
