How do you insure a US$6.2 million banana?

It’s the kind of story that makes you roar with laughter or indignation. A crypto entrepreneur just

spent US$6.2 million

(S$8.4 million) on a banana duct-taped to a wall. What’s more, the ordinary Dole banana in question had been bought for just 35 US cents that morning at a fruit stand in the Upper East Side of Manhattan, according to The New York Times.

This object is a work of art called Comedian, by Maurizio Cattelan, that was sold on Nov 20 at Sotheby’s. It was created in 2019 and first shown at Art Basel Miami Beach, where the Perrotin Gallery sold three editions for between US$120,000 and US$150,000 each.