The buyer knows that bananas go bad in a week, right?
An Italian artist duct-taped a banana to a gallery wall in Miami as part of the Art Basel festival — and it sold for $120,000. Actually, he’s sold two editions already.
View this post on Instagram The talk of the town in Miami right now is Maurizio Cattelan’s “Comedian,” a banana 🍌 duct taped to the wall.
It’s unclear how often the banana will be replaced, as it will probably turn black and begin to spoil in about a week. The gallery expects to throw out the one currently on view at the end of the week, unless the collector wants to keep it. — Mara Ortega Arena December 5, 2019 Yet the latest global art market report from Citi Global Perspectives & Solutions shows the time is ripe for such headline-making art sales. People are spending more money on high-end paintings, sculptures and other works, and the report notes that ultrahigh net worth individuals collectively hold $1.74 trillion in art and collectibles.
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