Flag (formica)
Flag (formica)
Signed Print
Banksy
£30,000-£45,000Value
Indicator
$60,000-$90,000 Value Indicator
$50,000-$80,000 Value Indicator
¥270,000-¥400,000 Value Indicator
€35,000-€50,000 Value Indicator
$290,000-$440,000 Value Indicator
¥5,440,000-¥8,160,000 Value Indicator
$40,000-$60,000 Value Indicator
This estimate blends recent public auction records with our own private sale data and network demand.
There aren’t enough data points on this work for a comprehensive result. Please speak to a specialist by making an enquiry.
Medium: Screenprint
Format: Signed Print
Year: 2008
Size: H 68cm x W 87cm
Edition size: 20
Signed: Yes
TradingFloor
MyPortfolio
Your colletion tracked in realtime.
Build your portfolio, manage valuations, view return against your collection and watch works you're looking for.
Track auction value trend
Banksy's Flag (formica), a Screen Print from 2008, is estimated to be worth £29,000 to £45,000 and has been sold at auction 8 times. In the last five years, the hammer price has ranged from £30,000 in March 2023 to £60,481 in December 2020. Despite the negative average annual growth rate of -2% in the last five years, this artwork has maintained its appeal to collectors. It has been sold in three different countries, including the United Kingdom, France, and the United States. The edition size of this artwork is limited to just 20, making it a rare and sought-after piece.
Auction Results
| Auction Date | Auction House | Artwork | Hammer Price | Return to Seller | Buyer Paid |
|---|---|---|---|---|---|
| March 2023 | Bonhams New Bond Street - United Kingdom | Flag (formica) - Signed Print | |||
| March 2022 | Bonhams New Bond Street - United Kingdom | Flag (formica) - Signed Print | |||
| March 2021 | Sotheby's Online - United Kingdom | Flag (formica) - Signed Print | |||
| December 2020 | Artcurial - France | Flag (formica) - Signed Print | |||
| October 2016 | Forum Auctions London - United Kingdom | Flag (formica) - Signed Print | |||
| November 2015 | Bonhams New York - United States | Flag (formica) - Signed Print | |||
| January 2015 | Digard - France | Flag (formica) - Signed Print |
Meaning & Analysis
Banksy's Flag (silver formica) (2007) is a monochrome signed screen print on formica, released in a special edition of 20. The print parodies Joe Rosenthal's 'Raising the Flag on Iwo Jima' by replacing US marines with urban youths on a car, criticizing Western imperialism and the disenfranchisement of its own youth.
This original limited edition screen print comes in two different colours: silver and gold – the silver being the most sought-after as 1000 prints were released as part of the famous artist’s Santa’s Ghetto exhibition on Oxford Street in London in 2006.
Banksy’s website states: “an extremely limited number of silver Flags were available on formica from Lazarides. Printed on hardboard, these were signed (with Banksy’s signature scratched into the surface) from an edition of 20.” The eerie, heavily contrasted image shows a group of children and adults climbing on top of a car, where two female figures are standing holding the American flag against a large, silver moon as background. One interpretation for this powerfully haunting work could be the “American Dream” and its roots in violence and unrest. The print references an iconic photograph Raising the Flag on Iwo Jima by photographer Joe Rosenthal, taken on February 23, 1945. The photo depicts six US Marines lifting the Stars and Stripes atop Mount Suribachi during the battle of Iwo Jima, in World War II. Instead of Marines, Banksy inserted figures of the disenfranchised youth into the image.
The Banksy Private Sale Experts
Sell to the largest Banksy collector network in the world, at a guaranteed 0% seller's fee.