Kathryn Hart - New Dawn - Venice Biennale

Banksy 'Devolved Parliament' Snags a Bananas Record Price of $12.2 Million at Auction

  • October 03, 2019 18:10

  • Email
Banksy, Devolved Parliament, brought an artist auction record of $12.2 million at Sotheby's London.
Sotheby's

As Brexit looms on Halloween, a painted satire of Britain's House of Commons filled with arguing chimpanzees brought an auction record of £9,879,500 ($12,200,000) for street artist Banksy. At the Sotheby's sale in London on Thursday, "Devolved Parliament" jumped well beyond tne pre-sale estimate of £1,500,000 to £2,000,000 ($1,900,000 to $2,500,000) after a 13 minute bidding battle.

“Record price for a Banksy painting set at auction tonight,” Banksy commented on Instagram. “Shame I didn’t still own it.” 

Advertisement

The epic 13-foot canvas beat out Banksy's other top prices, including the $1,870,000 price for "Keep it Spotless," his uppate to a Damien Hirst spot painting, and "Girl With Balloon," which shredded as Sotheby's hammered it down last year. That work was renamed "Love is in the Bin" after bringing $1.4 million. 

The parliamentary primates painting was on loan from an anonymous collection to Bristol Museum last March, where it was also shown a decade earlier for the exhibition Banksy vs. Bristol Museum. Bansky wrote online last spring, “I made this 10 years ago. Bristol museum have just put it back on display to mark Brexit day. Laugh now, but one day no one will be in charge.”

 

Also this week, Banksy posted online about his "Gross Domestic Product," a shop for his art and homewares in London's Croydon and possible retail sales online. His flyer reads, "This shop has come about as a result of legal action. A greeting cards company are trying to seize legal custody of the name Banksy from the artist, who has been advised the best way to prevent this is to sell his own range of branded merchandise."

Read more at Guardian


  • Email

Advertisement

More News Feed Headlines

Elizabeth Talford Scott.  Plantation.  1980.  The Baltimore Museum of Art: Collectors Circle Fund for Art by African Americans, Baltimore Appliqué Society Fund, and purchased as the gift of the Joshua Johnson Council, and Mr.  and Mrs.  Irvin Greif, Jr., Lutherville, Maryland, BMA 2012.226.  © Estate of Elizabeth Talford Scott

Baltimore Museum of Art Will Only Acquire Works by Women Artists in 2020

  • Baltimore Sun / November 17th, 2019

The Baltimore Museum of Art is taking its initiative to focus all its 2020 programs and exhibitions on women artists ...

Read More...
KERRY JAMES MARSHALL, “Vignette 19,” 2014 (acrylic on PVC, 71 3/4 by 60 inches / 182.2 by 152.4 cm).  Estimate $6.5 million-$7.5 million.  Sold for $18,488,000 with fees.

Kerry James Marshall Painting Brings $18.5 Million at Auction Amid Strong Prices For African American Artists

  • New York Times / November 17th, 2019

In the New York sales series last week an artwork at Sotheby's Contemporary Evening Sale stirred bidder interest like ...

Read More...
Head of Alexander the Great, dating back to around 300 B.C.

Dealer Sues For Seized Head of Alexander the Great

  • Courthouse News Service / November 14th, 2019

Safani Gallery, one of the oldest galleries of ancient art in the United States, filed a lawsuit Wednesday asking a ...

Read More...
Detail

Welsh Museum's Botticelli 'Copy' Is Authentic, Experts Say

  • Guardian / November 14th, 2019

What was thought to be a later copy of Botticelli's work is actually genuine, say a team of experts. A new episode ...

Read More...
Clarke Auction - Sunday November 24th - ClarkeNY.com
Schwenke Auctioneers - November Fine Estates Auction - November 20th

ARTFIXdaily Artwire