Can I have a VAT invoice for artwork purchased on the margin scheme?
The majority of the Banksy work sold via the gallery is done so on the margin scheme and VAT cannot be isolated and broken out on the invoice even when sold and invoiced within the United Kingdom. Further information on the margin scheme can be found here.
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In the interest of client confidentiality and to prevent fraud it is gallery policy to only disclose edition numbers for Banksy prints to the final buyer.
We offer a full insurance valuation service at the gallery for Banksy works.
We will require details of the print including an image, condition and where it was purchased. A Banksy appraisal expert will then evaluate this before issuing the valuation on gallery headed paper.
The letter will be signed and dated by the Gallery Director and can be used to assist for insurance purposes or simply for your own records.
The cost of this service is £75 + VAT
This is a question we get asked a lot, and there is no straight answer as it is impossible to predict the future. We can say that his works have risen in price phenomenally over the past decade. In the last 24 months prices have doubled for both signed and unsigned editons. We do not encourage to just purchase for investment, though. Choose a piece that you like and enjoy the artwork. Any financials benefits that come with it should be considered a bonus.
Unless the print has never seen the light of the day and has been stored flat since purchase direct from the publisher (which very few have) we steer away from using the word mint. We prefer to say there are 'no condition issues' and the print is in 'excellent condition'.
Banksy prints are extremely sought after and collectable limited edition artworks. As such when new ones become available the market can be competitive often with collectors looking to purchase the same print.
The market can also move extremely fast with prices and availability changing very quickly. If a piece is left on reserve it prevents other collectors from purchasing.
For both these reasons it is gallery policy that without special discretion from the director we will not hold Banksy works without a deposit. If you wish therefore to reserve a piece we ask for 20% of the sales price and once we have confirmation of payment the work will be removed from sale and marked as reserved.
Without a deposit we will not be responsible if the print is no longer available even if you have asked us to reserve it.
Please contact the gallery directly for editioned canvas or unique works by Banksy.
COA's are issued by Pest Control. They can be applied for from the Pictures of Walls website. If the application is successful you will be contacted and a payment of £50 + VAT will be requested. You will then be issued a certificate of authenticity for your Banksy and it is ready to sell.
Be aware the process is by no means immediate and can take anything from a few days to a few months.
We will only sell Banksy prints with a COA (Certificate of Authentication) from Pest Control and we recommend whether purchasing from Hang-Up Gallery or elsewhere that you only purchase prints with this paperwork in place.
Condition is very important and should certainly be a key factor when purchasing Banksy works.All Banksy works sold with Hang-Up are condition checked and we are fully transparent with our clients.
Only 12 years ago Banksy prints were sold for less than £100 and not all were handled with the care and attention that one would expect today. For some prints this can add to the history as it creates a back story and a signature smudge or a screen over running adds to the individuality of the print. For others it can be problematic and affect value.If there are tears, creases, smudges, handling marks corner damage, restoration damage etc we will flag this up and advise accordingly.
Cheap frames and non archival materials can reap havoc with artworksparticularlywithmounts staining the artwork.At Hang-Up all the Banksy prints we sell are thoroughly condition checked.
Assuming unframed it will either be sent flat packed or rolled in a bespoke tube. If framed then generally it will be sent in a bespoke crate specific to the artwork and lined with foam.
We send all Banksy COA's separate to the picture. We do this for security reasons so please do not be alarmed
Your COA will be sent by tracked mail and is usually with you within a week.
Pest Control is the handling service on behalf of Banksy. Pest Control determine whether Banksy was responsible for making a particular piece of artwork and issue a Certificate Of Authentication (COA) if this is the case. The process is non for profit has been set up to help prevent innocent people from becoming victims of fraud.
POA is an abbreviation for Price on Application. We try to put prices on all of the prints but often the higher and more sought after items will be marked as POA. This is due to the fact that the market can move quickly with prices rising based on auction results, new exhibitions, announcements relevant to the artist, etc.
We will also mark some consigned pieces as POA so we can confirm availability before any online order is processed.
We have specialised in dealing in Banksy prints since 2008 and are currently the largest online dealers operating worldwide. We strive to offer the best possible purchasing experience. All works are condition checked and sold with full Pest Control authentication
Gallery staff are passionate and knowledgeable and on hand to help you with any questions you may have.
Be it for signed or unsigned Banksy limited edition prints, once the edition number is set and the works have been printed and sold no more can be made. That is to say, the screens that the prints were produced from are destroyed and there is no possibility of reprinting. This strict adherence to set edition sizes ensures that the works maintain their rarity and of course their long term value.