A banana duct-taped to a wall has sold for $120,000 (£91,550) at one of North America's most prestigious art shows, with another version of the artwork expected to sell for $150,000 (£114,460).

The prized installation, by Italian artist Maurizio Cattelan, was unveiled at the Art Basel Miami Beach on Wednesday by the Parisian contemporary art gallery Perrotin.

It is not the first time Cattelan's work has made headlines. An infamous 18-carat lavatory, entitled “America” drew huge crowds when it went on display at New York's Guggenheim museum in 2016. It was installed at Blenheim Palace in September but stolen just hours later.

Despite it being Cattelan's first contribution to an art fair in 15 years, the gallery appeared taken aback by the popularity of the artist's latest piece.

“It’s a miracle; I don’t know how this happened...When we started to work together I had to fight to convince collectors one by one to buy his work,” the gallery's founder Emmanuel Perrotin told artnet.com.