Banksy artwork exceeds estimates

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Art works by anonymous artist Banksy which went under the hammer in London yesterday (24/10) have surpassed auctioneer estimates.

The 11 works, which included star piece Avon and Somerset Constabulary, sold for more than £500,000, after being slapped with an estimated price tag of around £300,000.

One piece – Attack of the Badly Drawn Boy – went for £65,000 after estimates were only pegged at between £20,000 and £30,000.

Bonhams specialist Gareth Williams said: ‘Today’s results demonstrate that prices for Banksy’s work continue to go from strength to strength.’

He also pointed out the irony in the Banksy phenomenon: ‘That as a self-confessed guerilla artist, he has been so wholeheartedly embraced by the very establishment he satirises.

‘We are sure that this irony is not lost on today’s buyers.’

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