Crypto King Buys Banana For $6M—And Plans To Eat It

A banana taped to a wall just sold for $6.2 million at an auction, and yes, you read that right. The artwork, called “Comedian,” has left many people scratching their heads and others debating whether it’s genius or just plain absurd.

Crypto King Buys Banana For $6M—And Plans To Eat It 1

This isn’t your ordinary grocery-store banana. It’s the brainchild of Italian artist Maurizio Cattelan, a man known for stirring up the art world with bold, humorous, and often controversial creations. His idea? Take a banana, stick it to a wall with duct tape, and call it art. Back in 2019, when this piece first appeared at the Art Basel Miami Beach fair, it went viral. Social media exploded with photos, memes, and opinions about the bizarre display. At that time, the artwork sold for a relatively modest $120,000 to $150,000.

A Banana That Made Headlines

The banana’s fame didn’t stop at its price tag. One daring performance artist, David Datuna, famously ripped it off the wall and ate it. He called his act “Hungry Artist,” sparking even more attention. Despite—or perhaps because of—such antics, Cattelan’s banana remained a hot topic.

Fast forward to November 2024, and the banana is back in the spotlight. One of the original buyers decided to resell it through Sotheby’s auction house in New York. After a fierce bidding war, entrepreneur Justin Sun emerged victorious, shelling out $6.2 million for the piece. Sun, known for his work in cryptocurrency and blockchain, didn’t just buy a banana—he bought a piece of cultural history.

What Did Sun Actually Get?

Here’s where it gets even weirder. Sun didn’t receive the actual banana. Instead, he got:

  • A roll of duct tape
  • Instructions on how to tape a banana to a wall
  • A certificate proving the artwork’s authenticity

The banana itself will need to be replaced regularly because, well, bananas rot. Essentially, the $6.2 million purchase is more about owning the idea than the physical fruit.

The Art-Crypto Connection

Sun called the artwork a “cultural phenomenon” and compared it to NFTs (non-fungible tokens). Like NFTs, which are unique digital assets stored on a blockchain, the banana’s value lies in its certificate and the concept behind it. This perspective has resonated with the crypto community, which often values creativity and innovation.

What Happens Next?

In a twist, Sun announced that he plans to eat the banana as part of what he called a “unique artistic experience.” It’s a move that mirrors the original performance artist’s act and keeps the story alive.

Art or Absurdity?

Cattelan designed “Comedian” to be a satire, poking fun at the way the art market assigns value to objects. He wanted people to question why something as simple as a banana could become so expensive. For some, it’s a powerful statement about the intersection of art, culture, and money. For others, it’s proof that the art world has gone bananas—literally.

So, is this $6.2 million banana a masterpiece or a joke? Either way, it’s certainly got people talking.

Daily Counter-Intelligence Briefing Newsletter

We will send you just one email per day.

We don’t spam! Read our privacy policy for more info.

 
Do you have a tip or sensitive material to share with GGI? Are you a journalist, researcher or independent blogger and want to write for us? You can reach us at [email protected].

Leave a Reply