Yes, you can certainly argue about wether it's a good work or not. (I'd argue that it's a product of its time). But the outrage over the price is a reflection of the lack of education and serious engagement in art both on the part of individual and wider media.
They'll own an edition to the artwork (I think there are 3 currently?) so they can reproduce the artwork at any time and sell the edition on... at which point the new owner can eat/reproduce it as many times as they want to instead.
As I understand it, the banana is regularly replaced (helpfully, the artwork includes instructions on how to replace the duct tape and banana) and has been eaten before.
Jesus, I can't believe I actually typed that. What an odd situation.
Yes, you can certainly argue about wether it's a good work or not. (I'd argue that it's a product of its time). But the outrage over the price is a reflection of the lack of education and serious engagement in art both on the part of individual and wider media.