A banana fixed to a wall with duct tape artwork has been auctioned off for about US$6.2 million (NZ$10.5m), about four times the initial estimate, at Sotheby's in New York.
Seven bidders competed on Wednesday (New York time) to seize Italian artist Maurizio Cattelan's latest edition of his Comedian artwork, which was estimated to sell for up to US$1.5m.
Chinese founder of cryptocurrency platform TRON Justin Sun acquired the piece by placing his bid over the phone, which ArtNet reported was paid for using cryptocurrency.
Charles Ninow is an Auckland based art dealer and joined Emile Donovan to discuss the sale.
One of the editions of Italian visual artist Maurizio Cattelan's duct-taped banana, titled "Comedian". Photo: Supplied / Sotheby's
