What To Collect Now - Prints & Editions Report

Faced Tenners

In 2004, Banksy released a counterfeit currency bearing the face of Princess Diana into crowds at public events. The stunt highlighted the media’s obsessive relation to Royal wealth and spectacle, particularly in relation to Princess Diana's tragic history. Two signed print editions with five notes each were later released.

Sell Your Art
with Us

Join Our Network of Collectors. Buy, Sell and Track Demand

Submission takes less than 2 minutes & there's zero obligation to sell
The Only Dedicated Print Market IndexTracking 48,500 Auction HistoriesSpecialist Valuations at the Click of a Button Build Your PortfolioMonitor Demand & Supply in Network Sell For Free to our 25,000 Members

Meaning & Analysis

Banksy first produced Di-Faced Tenner, a screenprint of 5 £10 notes where Princess Diana’s portrait has replaced Queen Elizabeth’s, in 2004. The work was released in 50 unsigned and 50 signed editions, as well as 32 Artist's Proofs.

Legend has it that the notes were a collaboration between Banksy and a street art associate named D*Face. But here, ‘Di Faced’ is actually a pun on the word ‘defaced’ and refers to the fact that here Banksy has altered the familiar £10 note by replacing the portrait of Queen Elizabeth II with that of the late Princess Diana.

The piece can be seen as a comment on Diana’s estrangement from the royal family, her critique of the British royal institution, and the hounding by the press that ensued. Instead of ‘Bank of England’, the note reads, ‘Banksy of England’. Under the banner, an inscription reads, ‘I promise to pay the bearer on demand the ultimate price’, a reference to the fate of the late Princess, at the hands of the media.

The reverse side of the print remains mainly unchanged except for the motto ‘Trust No One’ written in the lower-right corner, beneath the portrait of Charles Darwin. The note is printed with inks on paper almost identical to that used on official UK-issued currency.

At least 100,000 Di Faced Tenners were printed by Banksy in August 2004 – in total £1,000,000 in fake currency. Banksy created them for a public art stunt which involved dropping a suitcase full of the fake tenners into the crowd at the Notting Hill Carnival and at the Reading Festival. Some of these counterfeit notes were used by festival-goers as actual currency.

Unlike American artist J.S. Boggs, who is famous for his hand-drawn depictions of notes, Banksy was never wanted for any counterfeiting charges. A suitcase with Di Faced Tenners was also exhibited at Santa’s Ghetto, a show held at Charing Cross Road in December 2004. In his film Exit Through the Gift Shop, Banksy explains how he forged around £100,000,000 of notes – nearly all of which are supposedly still in his possession.

10 Facts About Banksy’s Di-Faced Tenner

Di-Faced Tenner by Banksy - MyArtBroker

Di-Faced Tenner © Banksy 2004

1. What is the meaning behind Di-Faced Tenner?

The name ‘Di-Faced Tenner’ is a pun that works in two ways: firstly, because the face of the late Princess Diana (nicknamed ‘Lady Di’) has replaced Queen Elizabeth II’s on the front, and secondly, because the traditional British £10 note has been ‘defaced.’

…I Feel So… Incomplete by D*Face at Platanenweg, Amsterdam by D*Face - MyArtBroker

Image © Oren Rozen, CC BY-SA 4.0, via Wikimedia Commons / …I Feel So… Incomplete © D*Face 2016

2. The artwork is believed to be a collaboration

To add to the ingenious multi-layered name of the piece, Di-Faced Tenner is reportedly a collaboration between Banksy and street artist D*Face. D*Face is known for his satirical works that break down society’s reliance on consumerism, celebrity, and materialism – a mission that marries up with Banksy’s and lends itself to a striking collaboration like this one.

Di-Faced Tenner by Banksy - MyArtBroker

Di-Faced Tenner © Banksy 2004

3. Banksy's £10 notes have three subtle changes

At first, the Di-Faced Tenner looks almost identical to a traditional £10 note, apart from the swapped portraits. But on closer inspection, Banksy has altered a few more key parts. Instead of ‘Bank of England’ at the top, the note reads ‘Banksy of England’.

Directly underneath, in a sharp comment on the fate of Princess Diana, arguably at the hands of the media, reads “I promise to pay the bearer on demand the ultimate price”. On the back, underneath the portrait of Charles Darwin, Banksy has included the ominous statement of “Trust No One”.

Monkey Queen by Banksy - MyArtBroker

Monkey Queen © Banksy 2003