It’s bananas to regard art as an investment

WHO is the butt of the joke here? Sotheby’s just sold a banana stuck to the wall with duct tape entitled Comedian. Cryptocurrency entrepreneur Justin Sun bought the artwork by Maurizio Cattelan for US$6.2 million including fees.

Sun said he would eat the banana.

If you have conventional tastes in art, the joke is on Sun for wasting his money. But that would also mean the joke is on you, from Sun and Cattelan’s likely viewpoint. Enraging the hidebound bourgeoisie is a traditional pursuit of artists. Crypto bros now participate.