Banksy artwork exceeds estimates
- 25 October 2007
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.’