Grocery inflation just hit its peak after a single banana was sold for $6.2 million on Wednesday.
Cryptocurrency entrepreneur Justin Sun dropped over $6 million on the piece of produce — because it was duct-taped to a wall.
The banana is part of a piece of artwork called "Comedian," created by the Italian artist and satirist Maurizio Cattelan.
People view Maurizio Cattelan's "Comedian" on Oct. 25, 2024, in New York City.
But the value of the artwork is not in the banana itself — it's derived from the certificate accompanying the purchase.
Persons:
Justin Sun, Maurizio Cattelan, Maurizio Cattelan's, John Nacion, Sun, —, Sun's, ’, ” David Galperin
Organizations:
Getty, CNBC, Associated Press, Art Basel Miami
Locations:
Italian, New York City, John