Photo credit: Instagram/Dade Social, Instagram/Sarah Cascone

A banana taped to a wall at a Miami art fair has a price tag of US$120,000 (NZ $183,396), after a previous version of the artwork sold for even more money.

According to the New York Post, previous versions of the piece called 'Comedian' by Italian artist Maurizio Cattelan have sold for up to US$150,000 (NZ$229, 245).

An article on artnet.com reports the piece of fruit was purchased from a local supermarket. Cattelan has not left any instructions on what to do when the banana rots, but gallery owner Emmanuel Perrotin expects to throw the current one out and replace it with another banana by the end of the week unless sold.

The website bills Cattelan as "somewhat of a prankster," however Perrotin dismisses the idea the artwork is a joke, saying it's drawn huge crowds. "It's a miracle; I don't know how this happened!" Perrotin said.