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    Art Collector Who Bought a $6 Million Banana Offers to Buy 100,000 More

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    The vendor who sold the banana only received a quarter for the fruit. Now the buyer of the conceptual work has offered his fruit stand a bigger payday.A week after a Chinese cryptocurrency entrepreneur bought an artwork composed of a fresh banana stuck to a wall with duct tape for $6.2 million at auction, the man, Justin Sun, announced a grand gesture on X. He said he planned on purchasing 100,000 bananas — or $25,000 worth of the produce — from the Manhattan stand where the original fruit was sold for 25 cents.But at the fruit stand at East 72nd Street and York Avenue, outside the doors of the Sotheby’s auction house where the conceptual artwork was sold, the offer landed with a thud against the realities of the life of a New York City street vendor.It would cost thousands of dollars to procure that many bananas from a Bronx wholesale market, said Shah Alam, the 74-year-old employee from Bangladesh who sold the original banana used in “Comedian,” an absurdist commentary on the art world by the Italian artist Maurizio Cattelan. And, it wouldn’t be easy to move that many bananas, which come in boxes of about 100.And then there is the math: The net profit from the purchase of 100,000 bananas by Mr. Sun — who once bought an NFT of a pet rock for more than $600,000 — would be about $6,000.“There’s not any profit in selling bananas,” Mr. Alam said.Plus, as an employee who makes $12 an hour during 12-hour shifts, Mr. Alam pointed out that any money would by rights belong to the fruit stand’s owner, not him.Reached by phone, the stand’s owner, Mohammad R. Islam, 53, who goes by Rana, said he would split any profit between himself, Mr. Alam and the six other people he employs at his two fruit stands. No one had contacted him about any such purchase, though, he said.Mr. Islam had learned from a reporter of Mr. Sun’s plans, which also included offering the bananas from Mr. Islam’s stand for free worldwide, to anyone who showed identification, according to his post on X. Mr. Sun — who has also announced plans to eat the original banana during a Friday news conference at a Hong Kong luxury hotel — did not respond to a request for comment.Working in the rain on Thanksgiving Day, Mr. Islam’s brother, Mohammad Alam Badsha (who is not related to Mr. Alam) said he would welcome the bulk purchase. But it would have little tangible impact, Mr. Badsha said, either on the daily life of the fruit vendors, or on the gulf laid bare by the $6.2 million banana and the stand that sold it for a quarter.“It’s definitely an inequality,” Mr. Badsha said in Bengali.He added a Bangladeshi idiom: It was, he said, the difference between heaven and hell.Zachary Small More

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      Who’s Laughing Now? Banana-as-Art Sells for $6.2 Million at Sotheby’s

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      A conceptual artwork by Maurizio Cattelan, “Comedian,” is just a fruit-stand banana taped on the wall. But 7 bidders were biting. It went to a crypto entrepreneur. A banana that for years has stirred controversy in the art world sold for $6.2 million with fees at Sotheby’s contemporary art auction on Wednesday night. It became what is arguably the most expensive fruit in the world — though it will likely be tossed in a couple days.The banana is the star of a 2019 conceptual artwork, “Comedian,” by the noted prankster Maurizio Cattelan, which is intended to be duct-taped onto the wall. It comes with a certificate of authenticity and installation instructions for owners to replace the banana — if they wish — whenever it rots. Five minutes of rapid bidding ended when the Chinese-born crypto entrepreneur Justin Sun placed the winning bid, besting six other rivals, which experts said was a sign that even a struggling market would spend big on spectacle.Justin Sun, a crypto entrepreneur and art collector, shown in New York City in 2019. He is now the owner of a $6.2 million banana.Steven Ferdman/Getty Images “Returns in the market have been flat or decreasing over the last decade,” said Michael Moses, who tracks the investment potential of artworks for clients. “It’s a fascinating asset because you can get so much joy from it that people are willing to accept lower returns. Joy is not something to be messed with.”Indeed, Sun said in a statement that the Cattelan work “represents a cultural phenomenon that bridges the worlds of art, memes, and the cryptocurrency community.” Sun, who watched the auction from Hong Kong, added that “in the coming days, I will personally eat the banana as part of this unique artistic experience, honoring its place in both art history and popular culture.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Magritte, Master of Surrealism, Joins the $100 Million Dollar Club

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      Move over, Picasso, Van Gogh and Warhol. With an inscrutable painting, the Belgian painter breaks the nine-figure threshold at the fall auctions.The Belgian Surrealist painter René Magritte has become the latest member of that exclusive club of artists whose work has sold for more than $100 million at auction.On Tuesday night at Christie’s in Manhattan, a version of Magritte’s famously enigmatic subject, “The Empire of Light,” depicting a deserted nocturnal street below a bright daytime sky, sold for $121.2 million with fees, a record for the artist, in a packed, dark gray-painted salesroom, moodily lit in a suitably Surrealist style.Certain to sell for at least $95 million, courtesy of a guaranteed bid, the painting inspired a 10-minute duel between two telephone bidders. The price was the highest yet paid for a Surrealist work of art at auction, and made Magritte the 16th artist to break the $100 million threshold, according to data compiled by the French market analyst company Artprice.Fellow nine-figure heavyweights include Leonardo da Vinci, Gustav Klimt, Amedeo Modigliani, Andy Warhol, Jean-Michel Basquiat, Francis Bacon and Pablo Picasso (whose paintings have sold for more than $100 million at no fewer than six auctions). To date, no living artist has achieved this price level at auction.Painted in 1954 and measuring almost five-feet-high, “The Empire of Light” was the last of 19 works that Christie’s offered from the collection of the socialite, designer and philanthropist Mica Ertegun. It was one of the largest of the 17 versions of this subject that Magritte painted in oil. The best-known is probably the monumental “L’empire des lumières” in the Guggenheim Museum in Venice. Ertegun’s slightly smaller canvas, which she acquired privately in 1968, is the first in the series to include water in the foreground.“It’s maybe the best,” said Paolo Vedovi, the director of a gallery in Brussels specializing in works by Magritte and other 20th-century artists. “It seems that every big collector now wants a Magritte.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Rare Copy of U.S. Constitution Sells for More Than $11 Million

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      The document, which was sold to an anonymous bidder at an auction in North Carolina, was among the first copies of the Constitution ever printed, experts said.A rare copy of the United States Constitution that was printed shortly after the Constitutional Convention in 1787 and played a role in the document’s adoption by the original 13 states sold for more than $11 million during a live auction on Thursday evening.The high bid, from a buyer whose identity was not disclosed, was $9 million. That does not include the buyer’s premium of 23 percent or the taxes, which were not disclosed.The sale was handled by Brunk Auctions, which is based in Asheville, N.C. Bidding began at $1.1 million but quickly jumped to $5 million. It took just over seven minutes before the bidding closed at $9 million, said Nancy Zander, director of external affairs for Brunk Auctions.“It was a spectacular price,” Ms. Zander said in an interview Friday night. “It’s really important that important things get strong prices.”The copy of the Constitution was found two years ago in a filing cabinet in the house at Hayes, a farm once owned by Samuel Johnston, who served as governor of North Carolina from December 1787 to December 1789. The document’s discovery garnered national attention for being an early copy of the document and for the role it played in the document’s ratification.After the Constitutional Convention and after Congress added a ratification resolution, copies were sent to the governors of the original 13 states, who then gauged interest among their residents. Among those copies was the one sold on Thursday.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Art Adviser Lisa Schiff Pleads Guilty to Stealing from Her Elite Clientele

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      Lisa Schiff acknowledges stealing millions from major collectors who trusted her to buy them fashionable art.A leading art adviser whose clients have included Leonardo DiCaprio, and who was accused by the government of bilking her clients of millions, pleaded guilty on Thursday in federal court in Manhattan to one count of wire fraud, for stealing $6.5 million from people who trusted her to buy art for them.The adviser, Lisa Schiff, 54, whose eye for contemporary art launched a lucrative career acquiring blue-chip pieces for a host of major collectors, was accused by federal prosecutors of stealing money that clients had entrusted to her for the purchase of approximately 55 artworks. As part of the plea agreement, Ms. Schiff will forfeit about $6.4 million. The felony fraud charge also carries a maximum penalty of 20 years in prison. “For years, Lisa Schiff breached the trust of her art advisory clients by lying to them and diverting millions of dollars her clients had entrusted to her,” Damian Williams, the U.S. attorney for the Southern District of New York, said in a statement. “Instead of using client funds as promised, Schiff used the stolen money to fund a lavish lifestyle.”Her lawyer, Randy Zelin, said the plea agreement had been in the works for several months. “Lisa has been anxious to have the opportunity to accept responsibility, she has been anxious to set out on a path of righting the wrongs and making amends,” he said in an interview on Thursday.Ms. Schiff, who is based in Manhattan, will be sentenced on Jan. 17 by J. Paul Oetken, a judge for the U.S. District Court in Manhattan.“The specter of standing in front of a judge and acknowledging criminal wrongdoing, and acknowledging the prospect of a prison sentence, is an extraordinarily daunting thing,” Mr. Zelin added. “But that is a fire that Lisa ran to, not away from.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Paris Is Rising as an Art Market Hub, With Some Way Left to Go

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      Sotheby’s opened a new salesroom and international collectors are arriving for the inaugural Art Basel Paris fair. But visiting is one thing; buying is another.“This is the Mona Lisa of handbags,” said Aurélie Vassy, Sotheby’s head of handbag and fashion sales in Europe, as she unlocked a glass display case and proudly revealed a battered black leather Birkin.“The first in the world, made for Jane Birkin. It’s the beginning,” said Vassy, pointing out the design features of the bag, specially made by Hermès for the Anglo-French singer and actress in 1984. Three years earlier, Birkin had found herself sitting next to the chief executive of the luxury brand on a flight from Paris to London and had sketched the design on the back of a sick bag.This precious fashion icon, on loan from the collection of the pre-owned luxury dealer Catherine B, was one of the star exhibits at the opening of Sotheby’s new salesroom in the Avenue Matignon district of Paris on Saturday. The auction house will hold Surrealism and modern art sales on Friday, just days after the inaugural edition of the Art Basel Paris fair begins in the newly renovated Grand Palais.Aurélie Vassy, Sotheby’s head of handbag and fashion sales in Europe, with the very first Birkin bag.Dmitry Kostyukov for The New York TimesThe Paris art scene is expanding. After Britain’s 2016 vote to leave the European Union, a procession of international gallerists established spaces in the French capital, expecting its underperforming art market to revive at London’s expense.When Art Basel took over the management of Paris’s flagship October fair in 2022, this nurtured hope that the city’s art scene would become a magnet for international collectors. (It ran the fair for a couple of years from a temporary location under the ungainly name “Paris+ par Art Basel” before rebranding for this year’s edition.)We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      The Final Hours of a Tastemaker’s Trove

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      The society fixture, decorator and philanthropist Mica Ertegun helped define the tastes of an era. Now her great collections are going on the block.On a steamy afternoon last week, a team of movers from Christie’s padded quietly about a townhouse on a side street on the Upper East Side of Manhattan, yanking strips of packing tape from spools as they began bundling up thousands of artworks and objects for auction. The ripping sound the tape made resembled, in a way, screams of protest.“Can’t we get them to stop?” asked Linda Wachner, an American businesswoman and friend of Mica Ertegun, the woman whose house, until her death in December at 97, this was. “At least for a while.”There was a time in the recent social history of New York City when there would have been no necessity to pose the question “Who is Mica Ertegun?” Readers of the tabloid gossip pages, and almost anyone from a certain social stratum, would have known the name of the woman whose New York Times obituary tidily characterized her as “a doyenne of interior design”; wife of a man, Ahmet Ertegun, whom The New Yorker once called “the Greatest Rock-and-Roll Mogul in the World”; a successful decorator named to Architectural Digest’s AD100 Hall of Fame; a celebrated hostess and designated leader of fashion whose dresses were acquired by the Metropolitan Museum of Art.This, of course, was an analogue era. We don’t live there anymore.We inhabit instead a world in which taste is less developed over a lifetime than acquired overnight through Pinterest boards; a time when the megarich buy trophy art as a form of asset class; when the oxymoron known as “quiet luxury” noisily announces itself in the form of branded clothing or else in houses appointed with arrangements of costly if blandly generic objects approved by arbiters at Goop.From the Reagans to Mick Jagger and Jann Wenner, Ahmet and Mica Ertegun knew seemingly everyone.Winnie Au for The New York TimesThousands of objects from the Erteguns’ collections will fall to the hammer in late fall.Winnie Au for The New York TimesOurs is a sphere galaxies away from the one Ms. Ertegun knew, and, to a certain degree, helped conjure into being. And so the opportunity was not to be missed when, for several hours, this reporter and a photographer were given relatively free rein to wander the paired townhouses the Erteguns inhabited for decades (one for the use of Ms. Ertegun’s successful decorating business, MAC II, founded in 1969 with her partner, Chessy Rayner). We were left to prowl among collections that by day’s end would be wrapped, bundled and carted away, never again to be arranged in that particular manner.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Purported Rembrandt Painting Found in a Maine Attic Sells for $1.4 Million

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      “Portrait of a Girl,” a 17th-century work believed to be by the Dutch master, had been hiding in a home in Maine.The attic, long a repository of discarded toys and the like, can sometimes turn up treasures.Late last month, a painting that an auctioneer in Maine discovered and believed to be a work by the 17th-century Dutch painter Rembrandt van Rijn was sold at auction for $1.4 million. The artwork had apparently been stored in the attic of a farmhouse in Camden, Me., for decades.Kaja Veilleux, the owner, appraiser and auctioneer of Thomaston Place Auction Galleries in Maine, said he found the painting, “Portrait of a Young Girl,” on a routine house call. It was among a stack of paintings that he came across while looking through the belongings of a wealthy family’s estate.Mr. Veilleux said in a phone interview that he recognized Rembrandt’s style “right away.”The painting, which shows the girl in a black dress with a white ruffled collar and a white cap, is in pristine condition, Mr. Veilleux said. The portrait was not signed, which is not entirely unusual: Rembrandt did not sign all of his paintings.The portrait was painted on a cradled oak panel and mounted in a hand-carved gold Dutch frame, according to the auction house. A label on the back of the frame attributed the work to Rembrandt, and said that it had been displayed in a 1970 exhibition at the Philadelphia Museum of Art.Maggie Fairs, a spokeswoman for the Philadelphia Museum of Art, said in an email that the museum had looked into it but that it was too hard to confirm if and when the painting had been on display at the museum because of the decades that had passed.Nine people bid on the painting, which sold in August to an unknown European bidder for $1.4 million, making it the auction house’s most expensive painting ever sold. (The owners, as well as the buyer, remained anonymous.)We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Footage of J.F.K. Shooting’s Aftermath Goes to Auction

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      The footage from 1963, taken by a Texas businessman and seen only by a few, shows the president’s limousine speeding to a Dallas hospital. It is being auctioned this month.Nearly 61 years ago, Dale Carpenter Sr. showed up on Lemmon Avenue in Dallas, hoping to film John F. Kennedy as his motorcade passed. But the president’s car had already gone by, and he recorded only some of the procession, including the back of a car carrying Lyndon Johnson and the side of the White House press bus.So Mr. Carpenter, a businessman from Texas, rushed to Stemmons Freeway, several miles farther along the motorcade route, to try again.There, just moments after Kennedy had been shot, he captured an urgent and chaotic scene. The president’s speeding convertible. A Secret Service agent in a dark suit sprawled on the back. Jacqueline Kennedy, in her pink Chanel outfit, little more than a blur.Kennedy himself could not be glimpsed. He had collapsed and was close to death.A film Dale Carpenter Sr. took of the Kennedy motorcade on Lemmon Avenue in Dallas before the president was shot. Because Mr. Carpenter did not get footage of the president there, he traveled to another part of the route, where he filmed the speeding car bringing the mortally wounded Kennedy to Parkland Memorial Hospital. Footage via RR AuctionFor decades Mr. Carpenter’s 8-millimeter snippets of what transpired in Dallas on Nov. 22, 1963, have been a family heirloom. When he died in 1991 at 77, the reel, which included footage of his twin boys’ birthday party, passed to his wife, Mabel, then to a daughter, Diana, and finally to a grandson, James Gates.Later this month, the Kennedy footage is to be put up for sale in Boston by RR Auction, the latest in a line of assassination-related images to surface publicly after decades in comparative obscurity. The auction house says it is the only known film of the president’s car on the freeway as it sped from Dealey Plaza, the site of the shooting, to Parkland Memorial Hospital, where Kennedy was pronounced dead at 1 p.m. More