ARTFEED — Contemporary Art Intelligence

Cattelan's Banana Changes Hands Again: From Justin Sun to Ross Ulbricht

market-auction · 2026-04-26

At the Bitcoin 2025 conference in Las Vegas, cryptocurrency magnate Justin Sun transferred Maurizio Cattelan's 'Comedian' (the duct-taped banana) to Ross Ulbricht, the recently pardoned founder of Silk Road. The artwork, originally created in 2019, was first shown at Perrotin's booth at Art Basel Miami Beach, where early editions sold for $120,000 and $150,000. One entered the Guggenheim Museum's collection. Last November, Sun purchased it at Sotheby's New York for $6.2 million, then bit it publicly. Ulbricht, who received two life sentences for running an online drug marketplace, was pardoned by President Donald Trump on January 21, 2025. He had previously launched an NFT collection in 2021 to fund his release efforts. Sun, a Trump supporter, invested $30 million in the president's crypto venture World Liberty Financial. Sun was also involved in a legal case with the SEC over unregistered securities and wash trading, which was suspended after Trump's administration realigned with the crypto industry.

Key facts

  • Justin Sun transferred 'Comedian' to Ross Ulbricht at Bitcoin 2025 in Las Vegas.
  • The artwork was created by Maurizio Cattelan in 2019.
  • First shown at Perrotin's booth at Art Basel Miami Beach in 2019.
  • Early editions sold for $120,000 and $150,000; one entered the Guggenheim collection.
  • Sun purchased the work at Sotheby's New York in November 2024 for $6.2 million.
  • Sun bit the banana publicly days after purchase.
  • Ross Ulbricht was pardoned by Donald Trump on January 21, 2025.
  • Sun invested $30 million in Trump's World Liberty Financial.
  • Sun's SEC case was suspended after Trump's administration realigned with crypto.

Entities

Artists

  • Maurizio Cattelan

Institutions

  • Perrotin
  • Art Basel Miami Beach
  • Guggenheim Museum
  • Sotheby's
  • Securities and Exchange Commission (SEC)
  • World Liberty Financial
  • Silk Road
  • Tron
  • Wall Street Journal
  • Artribune

Locations

  • Las Vegas
  • United States
  • Miami Beach
  • New York

Sources