NEW YORK: 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.
The installation auctioned on Wednesday was the third iteration — with the first one eaten by performance artist David Datuna, who said he felt “hungry” while inspecting it at the Miami show.
Sun, who founded cryptomoney exchange Tron, said that he intended to eat his investment too.
“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 said.
As well as his banana work, Cattelan is also known for producing an 18-carat, fully functioning gold toilet called “America” that was offered to Donald Trump during his first term in the White House.
His work is often humorous and deliberately provocative, with a 1999 sculpture of the pope stuck by a meteor titled “The Ninth Hour.”
He has explained the banana work as a critical commentary on the art market, which he has criticized in the past for being speculative and failing to help artists.
The asking price of $120,000 for “Comedian” in 2019 was seen at the time as evidence that the market was “bananas” and the art world had “gone mad,” as The New York Post said in a front-page article.
The banana sold on Wednesday was bought for 35 cents from a Bangladeshi fruit seller on the Upper East Side of Manhattan, according to The New York Times.
Sun has hit headlines in the past as an art collector and as a major player in the murky cryptocurrency world.
He was charged last year by the US Securities and Exchange Commission for alleged market manipulation and unregistered sales of crypto assets, which he promoted with celebrity endorsements, including from Lindsay Lohan.
In 2021, he bought Alberto Giacometti’s “Le Nez” for $78.4 million, which was hailed by Sotheby’s at the time as signaling “an influx of younger, tech-savvy collectors.”
Global art markets have been dropping in value in recent years due to higher interest rates, as well as concern about geopolitical instability, experts say.
“Empire of Light” (“L’Empire des lumieres“), a painting by Rene Magritte, shattered an auction record for the surrealist artist on Tuesday, however, selling for more than $121 million at Christie’s in New York.

BOCA CHICA: SpaceX’s Starship megarocket blasted off on its latest test flight Tuesday, with President-elect Donald Trump joining Elon Musk to witness the spectacle firsthand in the latest sign of their ever closer ties.
But the Republican leader was deprived of the chance to see the booster stage caught in the launch tower’s “chopstick” arms, an engineering marvel demonstrated by the company last month and one he personally lauded during his election victory speech.
Instead, the colossal Super Heavy first stage made a more subdued splashdown in the Gulf of Mexico. Company representatives cited unmet technical criteria, dampening the triumph of an event attended by a bevy of Trump-world figures, including Donald Trump Jr.
Earlier, Trump greeted Musk warmly on Tuesday afternoon, sporting a red MAGA hat as the pair headed off to watch from the control tower of the company’s Starbase in Boca Chica, Texas, where the rocket blasted off at 4:00 p.m. local time (2200 GMT) on the sixth test flight for Starship.
SpaceX founder and CEO Musk has been a constant presence at Trump’s side since the incoming president’s election victory, joining him at a meeting with Argentina’s President Javier Milei and even at a UFC bout.
Trump’s decision to travel to Musk’s home turf was the latest sign of the growing alliance between the billionaire duo, which has raised questions over possible conflicts of interests given SpaceX’s lucrative contracts with NASA and the Pentagon.
Tuesday’s launch marked the quickest turnaround between test flights for the world’s most powerful rocket, a gleaming, 121-meter-tall (400-foot) stainless steel colossus central to Musk’s ambition of colonizing Mars and making humanity a multiplanetary species.
Musk aims to launch the first uncrewed missions to the Red Planet as early as 2026, coinciding with the next “Mars transfer window” — a period when the journey between Earth and Mars is at its shortest.
NASA is also counting on a specialized version of Starship to ferry astronauts to the lunar surface later this decade under its Artemis program.

Flight six of Starship was seen as a test of whether SpaceX’s first booster catch was pure precision or relied on a stroke of luck after Musk — perhaps inadvertently — disclosed how close the last flight came to disaster.
In a clip posted to X showcasing his gaming chops in “Diablo IV,” sharp-eared fans caught an employee briefing him that the Super Heavy booster was “one second away” from a system failure that could have spelled catastrophe.
Starship’s upper stage will make a partial orbit of Earth, reenter the atmosphere and splash down in the Indian Ocean a little over an hour later, but this time in the daylight, providing clearer visuals for analysis.
Key milestones include reigniting Starship’s Raptor engines for the first time in space and trialing new heat shield materials. The flight also carries Starship’s first ever payload — a stuffed banana — and serves as a swan song for the current generation of Starship prototypes.
With twice the thrust of the Saturn V rockets that powered Apollo missions, Starship is the most powerful rocket ever built. Musk has already teased that its successor, Starship V3, will be “3X more powerful” and could take flight within a year.
The flight comes as Musk is riding high on Trump’s November 5 White House win, having campaigned extensively for the returning Republican leader, as well as donating staggering sums from his own fortune to the cause.
His loyalty has paid off. Musk has been tapped to co-lead a new “Department of Government Efficiency” — or DOGE, a cheeky nod to the meme-based cryptocurrency Musk loves to promote.
That in turn has led to concerns Musk could engage in “self-dealing” as the CEO is poised to straddle the line between government insider and corporate titan.
Critics worry he could sway regulatory decisions to benefit his six companies, including SpaceX and its marquee Starship program, which has faced launch delays linked to an environmental review the company called “superfluous.”