10 Facts About Banksy's Festival

Written by - MyArtBroker
Festival by BanksyFestival © Banksy 2006
Joe Syer

Joe Syer, Head of Urban & Contemporary Art

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A satirical mockery of those who subscribe to mass-produced, mainstream culture, this Banksy Print remains relevant.

To learn more about Banksy's Festival, (Destroy Capitalism) see our 10 facts here:

1.

What is the meaning of Banksy’s Festival?

Festival (Destroy Capitalism) by Banksy - MyArtBrokerFestival (Destroy Capitalism) © Banksy 2006

Resisting capitalism is futile, claims Banksy. In his print Festival, a line of customers queuing up to buy a ‘Destroy Capitalism’ t-shirt are dressed like punks, goths and hippies – all subcultures that actively rally against mainstream capitalist culture – yet they are, ironically, willing to pay US$30 for the t-shirt.

Banksy seems to say that even these nonconformists have been tricked into supporting the system, or were never nonconformists at all. Likewise, he suggests that formerly independent music festivals like Glastonbury have been assimilated into mainstream culture, and subcultures like punk no longer seem as rebellious as they once were.

2.

Festival has an alternative title

Festival (Destroy Capitalism) by Banksy - MyArtBrokerFestival (Destroy Capitalism) © Banksy 2006

Like many of Banksy’s prints and murals, Festival has more than one title: the second is Destroy Capitalism, taken from the slogan printed on the featured t-shirt. This second title directly conveys the anti-capitalist message behind the print.

3.

Festival was released as part of Banksy’s Barely Legal set

Barely Legal LA Set by Banksy - MyArtBrokerThe full set of 6 prints, which Festival was released as a part of. (Barely Legal LA Set © Banksy 2006)

Banksy’s Festival print was first released at his momentous Barely Legal exhibition in Los Angeles in 2006. Visitors had the chance to buy a special portfolio called Barely Legal (LA Set), which contained Festival, and five other prints: Grannies, Applause, Sale Ends, Trolleys, and Morons. Although 500 unsigned prints were made for each series, only 100 were released for the exhibition. This makes the Barely Legal prints among the artist’s rarest and most sought-after editions, and even more valuable when sold as a complete set.

After Barely Legal closed, Los Angeles-based printers Modern Multiples were ordered to destroy the plates for the six prints, so they could never be reproduced without the involvement of Banksy’s UK-based printer at the time, Pictures On Walls.

4.

With Festival, Banksy shows the power of advertising

Very Little Helps by Banksy - MyArtBrokerAnother Banksy print, Very Little Helps, where Banksy subverts the tactics of marketing campaigns. (Very Little Helps © Banksy 2008)

Banksy has a gift for subverting a slogan. Slogans, jingles and advertisements are the bread and butter of the big corporations that Banksy often ridicules in his work, and it is these words that he so easily manipulates to reveal their hollowness. In Festival, the punchy t-shirt slogan serves an ironic purpose: it advertises the destruction of capitalism but, in reality, offers a way to buy into it.

Many other Banksy prints turn well-known slogans on their heads, including Very Little Helps, which is a spin-off of Tesco’s tagline ‘Every Little Helps’ and depicts three children pledging allegiance to a Tesco carrier bag flag.

5.

What is the highest auction sale price for a Festival print?

Morons by Banksy - MyArtBrokerReleased as part of the same portfolio as Festival, Morons provides a prophetic comment on the auction sales of the individual prints, of which Festival holds the record for most expensive so far. (Morons © Banksy 2007)

The first release of Festival prints sold for just US$500 a piece, but recent sales of the artwork have achieved six-figure sums. In March 2021, a signed Festival artist proof sold for the record price of £126,000 with fees at auction, more than four times its low estimate and the highest price paid for any print in the Festival series to date. Only 17 artist proofs of Festival exist, compared to 500 unsigned and 150 signed prints.

6.

Walmart sold a run of Festival knockoff prints

Sale Ends V2 by Banksy - MyArtBrokerSale Ends V2 © Banksy 2006

In an unintentionally ironic move, multinational retail chain Walmart took up the slogan "destroy capitalism", when they sold canvas prints of Banksy’s Festival in 2013, for up to US$868.99, through their third-party vendors Wayfair and PlumStruck.

They also mistakenly attributed a work by street artist Eddie Colla, featuring the words “If you want to achieve greatness, stop asking for permission” to Banksy.

7.

Walmart mislabelled one of their ‘Banksy’ knockoffs

If You Want To Achieve Greatness, Stop Asking For Permission by Eddie Colla, mistaken by Walmart for a Banksy - MyArtBrokerA variation of the Colla print which Walmart was mistakenly selling as a Banksy. (If You Want To Achieve Greatness, Stop Asking For Permission © Eddie Colla 2011)

After the irony of Walmart selling anti-consumerism canvases, another debarcle ensued: Eddie Colla retaliated against Walmart because they had been selling his art, mistaking it for a Banksy. Colla created a new work, changing his words in If You Want To Achieve Greatness, Stop Asking For Permission (mistakenly attributed to Banksy by the retail giant) to instead read, "It’s Only Stealing If You Get Caught, along with the tagline “Glorified Vandalism Available Now at Walmart”.

Walmart has since stopped stocking both their Banksy and Colla knockoffs.

8.

Banksy has arranged his own festival

Man Who Walks Through Walls by Blek le Rat - MyArtBrokerA print from Blek le Rat, one of Banksy's peers involved in his 'Cans Festival'. (Image © Christie's / Man Who Walks Through Walls © Blek le Rat 2007)

In 2008, Banksy organised the Cans Festival, a street art festival in London that takes its name from the Cannes Film Festival. The event took place in a tunnel on Leake Street, which was once used by Eurostar. Forty street artists from around the world attended and created artworks, including Blek le Rat, C215 and Ben Eine.

The Leake Street Arches, now famous for its wall-to-ceiling graffiti, credits Banksy’s Cans Festival for launching “our humble tunnel to fame”.

9.

Banksy left a controversial installation at a real festival

Christ With Shopping Bags by Banksy - MyArtBrokerChrist With Shopping Bags © Banksy 2004

In 2007, Banksy left an artwork at Glastonbury Festival of a replica of Stonehenge, a Neolithic monument in Wiltshire (roughly 40 miles from where Glastonbury Festival is held), constructed out of portable toilets. The piece, titled Boghenge, has been interpreted as a comment on the throwaway culture of festivals and the turning of historic sites into mainstream money-making machines.

10.

Festival shows Banksy as a master of irony

Morons by Banksy - MyArtBrokerMorons © Banksy 2006

Banksy often takes a powerful statement about war and social justice and flips it on its head to make the meaning even more striking. In Festival, the irony comes from how willingly these self-declared ‘anti-capitalist’ festival-goers will pay a premium price for a mass-produced t-shirt.

But, in essence, the popularity of Banksy’s work is ironic too: every time one of his anti-establishment prints is sold, the sale feeds into the capitalist system the work criticises. This is best seen in his print Morons, which lampoons both the auction houses that sell his work and the buyers bidding astronomical sums for it. While Banksy is a master of keeping his work sharply self-reflexive, by commenting on the irony of his own commercial success (although this is not something he has ever actively pursued), what is clear is that Festival's imperative to "destroy capitalism", is by no means a simple task, even for art.

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Festival (Destroy Capitalism) - Signed Print by Banksy 2006 - MyArtBroker
Festival (Destroy Capitalism) Signed Print 
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Barely Legal LA Set - Unsigned Print by Banksy 2007 - MyArtBroker
Barely Legal LA Set Unsigned Print 
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Very Little Helps - Signed Print by Banksy 2008 - MyArtBroker
Very Little Helps Signed Print 
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Morons - Signed Print by Banksy 2007 - MyArtBroker
Morons Signed Print 
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Sale Ends V2 - Signed Print by Banksy 2017 - MyArtBroker
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Because I’m Worthless (red) - Unsigned Print by Banksy 2004 - MyArtBroker
Because I’m Worthless (red) Unsigned Print 
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Christ With Shopping Bags - Signed Print by Banksy 2004 - MyArtBroker
Christ With Shopping Bags Signed Print 
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Festival (Destroy Capitalism) - Signed Print by Banksy 2006 - MyArtBroker
Festival (Destroy Capitalism) Signed Print 
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Barely Legal LA Set - Unsigned Print by Banksy 2007 - MyArtBroker
Barely Legal LA Set Unsigned Print 
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Very Little Helps - Signed Print by Banksy 2008 - MyArtBroker
Very Little Helps Signed Print 
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HKD370,000-HKD650,000 VALUE (EST.)

¥6,640,000-¥11,620,000 VALUE (EST.)

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Morons - Signed Print by Banksy 2007 - MyArtBroker
Morons Signed Print 
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AUD110,000-AUD140,000 VALUE (EST.)

CAD100,000-CAD130,000 VALUE (EST.)

CNY510,000-CNY670,000 VALUE (EST.)

70,000-90,000 VALUE (EST.)

HKD560,000-HKD740,000 VALUE (EST.)

¥9,960,000-¥13,280,000 VALUE (EST.)

$70,000-$100,000 VALUE (EST.)

Sale Ends V2 - Signed Print by Banksy 2017 - MyArtBroker
Sale Ends V2 Signed Print 
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AUD45,000-AUD70,000 VALUE (EST.)

CAD40,000-CAD60,000 VALUE (EST.)

CNY210,000-CNY340,000 VALUE (EST.)

30,000-45,000 VALUE (EST.)

HKD230,000-HKD370,000 VALUE (EST.)

¥4,150,000-¥6,640,000 VALUE (EST.)

$30,000-$50,000 VALUE (EST.)

Because I’m Worthless (red) - Unsigned Print by Banksy 2004 - MyArtBroker
Because I’m Worthless (red) Unsigned Print 
Banksy

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AUD50,000-AUD70,000 VALUE (EST.)

CAD45,000-CAD60,000 VALUE (EST.)

CNY230,000-CNY310,000 VALUE (EST.)

35,000-45,000 VALUE (EST.)

HKD260,000-HKD340,000 VALUE (EST.)

¥4,670,000-¥6,220,000 VALUE (EST.)

$35,000-$45,000 VALUE (EST.)

Christ With Shopping Bags - Signed Print by Banksy 2004 - MyArtBroker
Christ With Shopping Bags Signed Print 
Banksy

£90,000-£120,000 VALUE (EST.)

AUD160,000-AUD210,000 VALUE (EST.)

CAD140,000-CAD190,000 VALUE (EST.)

CNY760,000-CNY1,010,000 VALUE (EST.)

100,000-140,000 VALUE (EST.)

HKD840,000-HKD1,120,000 VALUE (EST.)

¥14,940,000-¥19,910,000 VALUE (EST.)

$110,000-$140,000 VALUE (EST.)

Festival (Destroy Capitalism) - Signed Print by Banksy 2006 - MyArtBroker
Festival (Destroy Capitalism) Signed Print 
Banksy

£80,000-£100,000 VALUE (EST.)

AUD130,000-AUD170,000 VALUE (EST.)

CAD120,000-CAD150,000 VALUE (EST.)

CNY620,000-CNY770,000 VALUE (EST.)

90,000-110,000 VALUE (EST.)

HKD680,000-HKD850,000 VALUE (EST.)

¥12,450,000-¥15,560,000 VALUE (EST.)

$90,000-$110,000 VALUE (EST.)

Barely Legal LA Set - Unsigned Print by Banksy 2007 - MyArtBroker
Barely Legal LA Set Unsigned Print 
Banksy

£60,000-£90,000 VALUE (EST.)

AUD110,000-AUD160,000 VALUE (EST.)

CAD100,000-CAD140,000 VALUE (EST.)

CNY510,000-CNY760,000 VALUE (EST.)

70,000-100,000 VALUE (EST.)

HKD560,000-HKD840,000 VALUE (EST.)

¥9,960,000-¥14,940,000 VALUE (EST.)

$70,000-$110,000 VALUE (EST.)

Very Little Helps - Signed Print by Banksy 2008 - MyArtBroker
Very Little Helps Signed Print 
Banksy

£40,000-£70,000 VALUE (EST.)

AUD70,000-AUD120,000 VALUE (EST.)

CAD60,000-CAD110,000 VALUE (EST.)

CNY340,000-CNY590,000 VALUE (EST.)

45,000-80,000 VALUE (EST.)

HKD370,000-HKD650,000 VALUE (EST.)

¥6,640,000-¥11,620,000 VALUE (EST.)

$50,000-$80,000 VALUE (EST.)

Morons - Signed Print by Banksy 2007 - MyArtBroker
Morons Signed Print 
Banksy

£60,000-£80,000 VALUE (EST.)

AUD110,000-AUD140,000 VALUE (EST.)

CAD100,000-CAD130,000 VALUE (EST.)

CNY510,000-CNY670,000 VALUE (EST.)

70,000-90,000 VALUE (EST.)

HKD560,000-HKD740,000 VALUE (EST.)

¥9,960,000-¥13,280,000 VALUE (EST.)

$70,000-$100,000 VALUE (EST.)

Sale Ends V2 - Signed Print by Banksy 2017 - MyArtBroker
Sale Ends V2 Signed Print 
Banksy

£25,000-£40,000 VALUE (EST.)

AUD45,000-AUD70,000 VALUE (EST.)

CAD40,000-CAD60,000 VALUE (EST.)

CNY210,000-CNY340,000 VALUE (EST.)

30,000-45,000 VALUE (EST.)

HKD230,000-HKD370,000 VALUE (EST.)

¥4,150,000-¥6,640,000 VALUE (EST.)

$30,000-$50,000 VALUE (EST.)

Because I’m Worthless (red) - Unsigned Print by Banksy 2004 - MyArtBroker
Because I’m Worthless (red) Unsigned Print 
Banksy

£30,000-£40,000 VALUE (EST.)

AUD50,000-AUD70,000 VALUE (EST.)

CAD45,000-CAD60,000 VALUE (EST.)

CNY230,000-CNY310,000 VALUE (EST.)

35,000-45,000 VALUE (EST.)

HKD260,000-HKD340,000 VALUE (EST.)

¥4,670,000-¥6,220,000 VALUE (EST.)

$35,000-$45,000 VALUE (EST.)

Christ With Shopping Bags - Signed Print by Banksy 2004 - MyArtBroker
Christ With Shopping Bags Signed Print 
Banksy

£90,000-£120,000 VALUE (EST.)

AUD160,000-AUD210,000 VALUE (EST.)

CAD140,000-CAD190,000 VALUE (EST.)

CNY760,000-CNY1,010,000 VALUE (EST.)

100,000-140,000 VALUE (EST.)

HKD840,000-HKD1,120,000 VALUE (EST.)

¥14,940,000-¥19,910,000 VALUE (EST.)

$110,000-$140,000 VALUE (EST.)

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