Friday, March 30, 2012
A collection of 18 works by world-renown graffiti artist Banksy sold for more than £400,000 at Bonham's auction in London, including Girl and Balloon which fetched more than five times its pre-sale estimation of £15,000-£25,000, being bought for £73,250.
The image had been painted directly onto a cardboard backing of an Ikea frame and is signed and inscribed: For Mike, Thanks.
Another highlight was a stencil painting, Leopard and Barcode, which was bought from Banky's LA exhibition Existencilism and had never been offered at auction before. It's pre-sale estimation price was £60,000 - £80,000 and it sold for £75,650.
In a separate auction at Bonhams, a screenprint of a dollar sign by American pop artist Andy Warhol sold for £44,450.
The Banksy auction result confirm Alan Montgomery, Urban Art Specialist at Bonhams comment here that “Banksy’s popularity still goes from strength to strength, with the market for his work certainly following suit. We are excited to be offering this group of works, which includes some of his best known and most sought after images."It seems that the public just can’t get enough of him, and his continued anonymity, even following last year’s Oscar nomination, only adds to his enigma. Increased international interest means that he is no longer just collected in the UK, but now has a truly global following.”
View available signed, unsigned and limited editiion Banksy prints here.