The latest Banksy to enter auction...

 

From Banksy-exclusive auctions being held by Christie's and Sotheby's this September to a shipping truck spray-painted by the artist also going under the hammer at Bonham's, it looks like the Banksy auction frenzy is not stopping there. The work of the anonymous street artist is once again hitting the auction market and the timing could not be better.

Devolved Parliament, 2009, oil on canvas, signed and dated, 276 x 476 cm.

'Devolved Parliament', at almost 5 meters wide, is the artist's biggest known work on canvas and depicts the House of Commons populated by his signature chimpanzees. It was painted for Banksy's 2009 exhibition at his hometown's Bristol Museum, after which it was sold. Earlier this year, to mark both the exhibition's 10th anniversary and the original Brexit date on 29 March, the piece was put back on display.

Detail of Devolved Parliament.  

 

The piece will go on public view at Sotheby's sale rooms from September 28 and will be offered at their October 3rd sale in London. The auction house is rumoured to be subjecting the painting and frame to thorough checks ahead of the sale since last fall's infamous shredding prank which took place in their salesroom.

 

Laugh Now...

Despite the painting being created in 2009, when most would find the idea of Brexit laughable, the piece has come to the market at just the right moment. With everything that is happening in British politics right now, from the House of Commons locked in a constitutional battle with the government and prime minister, Boris Johnson, suspending parliament for weeks, the piece could not paint a better picture of current events. 

Laugh Now - Unsigned, 2004, screen print on paper. 

As Sotheby’s European Head of Contemporary Art, Alex Branczik, pointed out: "Regardless of where you sit in the Brexit debate, there's no doubt than it this work is more pertinent now than it has ever been," Branczik said."[It captures] unprecedented levels of political chaos and confirming Banksy as the satirical polemicist of our time.”

 

The piece is estimated at £1.5m-£2m which if met, will set a new auction record for Banksy. The highest price ever achieved at auction for a Banksy artwork has been £1.500.000 for 'Keep it Spotless' at Sotheby's. The piece was conceived in collaboration with Damian Hirst, featuring his iconic spot paintings. This result set a new record not only for Banksy but Street Art. So the upcoming auction of 'Devolved Parliament' could be a major moment in Street Art history...

Keep It Spotless, 2007, spray-paint and household gloss on an original canvas by Damien Hirst

 

As always, thanks for reading. You can browse available works by Banksy by clicking here, and don't hesitate to get in touch to request a catalogue.

Till next time,

Hang-Up Team 

 

 

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