The enigmatic and prolific street artist Bansky has been making headlines again. A lucky fan struck gold when she sold two original canvases by the artist for £124,750 last week, an incredible 1800% increase in value on what she originally paid for them.
The canvases were bought from a market vender in New York’s Central Park last summer. Banksy set up the stall selling original pieces of his own work for a cut price as a stunt and backlash against the nature of the art market. The stall was alongside other vendors selling tourist souvenirs and at $60 each for a canvas they seemed somewhat expensive for what appeared to be a fake. The event which only lasted one day was part of the artist’s ‘Better Out Than In’ month long residence in the city, which saw him create a different piece of Street Art each day.
The canvas of ‘Winnie The Pooh’ sold for £56,250 and his ‘Kids on Guns’ went for an incredible £68,500 at the Bonhams Contemporary Art Sale. The unnamed woman must have been delighted with her brief foray into the high end art market!
Image Credits: An employee of Bonham's auction house examines 'Kids on Guns' by Banksy displayed alongside Banksy's 'Winnie The Pooh' Photo: NIKLAS HALLE'N/AFP