Can a Million-Dollar Banana Save the Art Market?

Maurizio Cattelan "Comedian" duct-taped Banana
Maurizio Cattelan, Comedian (2019), estimated at $1 million. Photo: Timothy A. Clary/AFP/Getty Images
Marion Maneker
October 27, 2024

It’s a lot to ask of a banana and a strip of duct tape. But the announcement late last week that Sotheby’s would be offering Maurizio Cattelan’s firestorm-provoking 2019 artwork, Comedian, in its November sales with a $1 million estimate, made me think that specialist David Galperin might have just picked the lock on what’s holding the art market back. “In a moment where there is seemingly so much anxiety about the market,” Galperin told me on Friday, “it is an object that brings a great deal of humor and levity.” The piece also brings a great deal of controversy. And, if it sells for a great deal more than the already goggling million-dollar estimate, it could bring back some heat and FOMO to the art market. That’s a desperately missing ingredient right now.