Wednesday 14th June 2017,

ART AUCTION

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Two Banksy Works Purchased for $60 Apiece Sells for $215,00 at Bonhams Auction House in London

posted by ARTCENTRON
Two Banksy Works Purchased for $60 Apiece Sells for  $215,00 at Bonhams Auction House in London

Banksy(b. 1975), Winnie The Pooh 2013. Sold for £56,250 (US$ 96,432). Image courtesy on Bonhams

ART AUCTION

LONDON— Two Banksy works purchased for $60 apiece at a Central Park market stall in New York in 2013 have sold for  $215,00 at Bonhams Auction House in London. During the Bonhams Post-War & Contemporary Art sale, Kids on Guns sold for $117, 433 and Winnie the Pooh  for $ 96,432.

Kids on Guns and Winnie the Pooh were acquired during Banksy’s residency in New York. In what is now known to be a stunt, Banksy gave his original black and white stenciled canvases to a Central Park market trader who sold them to passing tourists.

During his residency in New York, Banksy generated so much controversy with his works. The graffiti artist was very critical of everybody, including himself. With works executed in different part of the city, he ridiculed the police, media and every one he thought deserved a dose of his venom.

The sale of the Banksy paintings according to Bonham’s auctioneers “reflects their true value.” With the art sale, Banksy gifted the lucky buyer 1,800% profit on the investment.

Of late, Banksy has been a major point of attention in the United Kingdom where his murals have been removed and sold at auctions for great sums. The removal of the murals in London and his home town of Bristol has created a lot of storm, especially from those who thought the murals should be left alone.

Image- Banksy, ‘Kids on Guns’, one of the works to be auctioned at Bonhams Contemporary Art sale

Banksy, ‘Kids on Guns’. Estimate: £50,000 – 70,000. Image courtesy of Bonhams

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