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Salvatore Garau has sold his latest invisible sculpture. The work, titled “I Am,” doesn’t exist except in the artist’s imagination. The buyer gets a stamped certificate in exchange for $18,000.

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A banana, duct-taped to a wall went on a sale at Art Basel Miami Beach this week — priced at $120,000. And, according to art market website Artnet, two of the three editions have already sold, with the last now going for $150,000. The work, by Maurizio Cattelan, was presented Wednesday by Perrotin, a contemporary art gallery founded in Paris that has had a long association with the Italian artist. It is Cattelan’s first contribution to an art fair in 15 years, according to the gallery.

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Stefano Gabbana (left) Domineco Dolce (right)

ROME (AFP) –  An Italian court Wednesday sentenced fashion house duo Dolce and Gabbana to one year and eight months in prison for tax evasion of around one billion euros ($1.33 billion), according to media reports.

Lawyers for Dolce and Gabbana, whose celebrity clients include Beyonce and Madonna, immediately said they will be appealing, and under Italian law the sentence will be suspended in the meantime.

Domenico Dolce and Stefano Gabbana were accused of having transferred control of their brands to a shell company in Luxembourg in 2004 and 2005 to avoid paying Italian taxes.

Prosecutors had argued that setting up the Luxembourg company Gado — an acronym of the surnames of the two designers — while the company was operating out of Italy was a bid to defraud the state.

Investigators completed a probe into the designers, as well as five other people, in 2010 and the case was dismissed in April 2011 but reopened in November last year and went to trial.

Founded in 1985, Dolce and Gabbana employs more than 3,000 people and has 250 shops in 40 countries around the world.

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