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The Impact of Global Currency Movements on Indian Stocks Top Profit Generating Stocks ✌️【Hot Stock Recommendations】✌️ Free global stock market data to help you plan the best investment strategies and seize market opportunities. When a banana duct-taped to a wallsold for $120,000in 2019, social media uproar and an age-old debate about the meaning of art ensued.

But artist Maurizio Cattelan’s viral creation, titled “Comedian,”has proven a sound investment for one collector: One of the artwork’s three “editions” smashed estimates to sell for $6.24 million at a Sotheby’s auction in New York on Wednesday.

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During the sale, auctioneer Oliver Barker described the work as “iconic” and “disruptive,” while joking that selling a banana at auction were “words I never thought I’d say.”

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“This is not just an artwork,” Sun said in the press release. “It represents a cultural phenomenon that bridges the worlds of art, memes, and the cryptocurrency community. I believe this piece will inspire more thought and discussion in the future and will become a part of history.”

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“‘Comedian’ is a conceptual artwork, and the actual physical materials are replaced with every installation,” an auction spokesperson said via emailat the time.

Cattelan and French art gallery Perrotin made headlines around the world five years ago when they displayed “Comedian” with a six-figure asking price at the Art Basel Miami Beach fair. The original was created using a banana bought in a Miami grocery store, though the gallery said it could be replaced, as per the artist’s instructions.

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Events took an unexpected turn when performance artist David Datuna grabbed the banana from the wall, before peeling and eating it in front of hundreds of stunned fair attendees. He laterdefended the moveas an artistic performance in its own right, not an act of vandalism.

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In interviews given since the Miami installation, Cattelan has described “Comedian” as a work of commentary. Speaking to the Art Newspaper in 2021 hesaidit was “not a joke,” calling the viral installation “a reflection on what we value.”

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In a press release announcing the sale, Sotheby’s head of contemporary art for the Americas, David Galperin, had described “Comedian” as a “defiant work of pure genius.”

“Balancing profound critical thought and subversive wit, this is a defining work for the artist and for our generation,” Galperin said, adding: “If at its core, ‘Comedian’ questions the very notion of the value of art, then putting the work at auction… will be the ultimate realization of its essential conceptual idea — the public will finally have a say in deciding its true value.”

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“The student told the museum he ate it because he was hungry,” a gallery spokesperson told 【 - Free Stock Market Knowledge Sharing 】 after the 2023 incident. The museum later replaced the eaten banana with a fresh one.

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