The winning bidder of Maurizio Cattelan’s famed banana duct-taped to a wall installation immediately pulled it off the wall and ate it. This isn't the first time this has happened.

A Chinese-born cryptocurrency entrepreneur has followed through on his promise to eat the banana from a $6.2m (£4.9m) artwork he bought last week. Justin Sun outbid six others to claim Maurizio Cattelan's infamous 2019 work Comedian - a banana duct-taped to a wall - at Sotheby's auction house in New York.

The vendor who sold the banana received only a quarter for the fruit. The buyer of the conceptual work has offered his stand a bigger payday, but logistical problems may be in the way.

Mr Sun devoured the pricey banana after giving a speech and calling the artwork, curated by Italian artist Maurizio Cattelan "iconic".

“It’s much better than other bananas. It’s really quite good,” Sun said in the viral video. Titled “Comedian”, the conceptual artwork by Italian artist Maurizio Cattelan was purchased by Sun at four times its estimated value and the payment was made in crypto.

The crypto entrepreneur who bought a banana duct-taped to a wall for $6.2 million last week has eaten it.Justin Sun knew he wasn’t meant to eat the banana when he originally purchased it. Yet, in a room filled with media personnel at a hotel in Hong Kong,

Money in the Banana Stand A crypto baron spent a whopping $6.2 million on a banana duct-taped to a wall — a conceptual artwork titled "Comedian" by Italian artist Maurizio Cattelan — at a Sotheby's auction in New York last week.