Banksy is contemporary art royalty, a household name, the media’s favourite and the faceless artist responsible for Devolved Parliament – a painting that smashed auction records in October 2019, selling for almost £10 million. The rate at which the artist’s popularity has soared in the last 20 years is unprecedented, and in 2020 the demand for his works is simply unrivalled.
The most famous of them all is Girl with Balloon which was first released as a signed edition of 600 in 2004 for £150 each. Today, they can sell for over £100,000. This year Girl with Balloon – Colour AP (Purple) realised £791,250 in Christie’s second offering of their aptly named online auction, ‘Banksy: I can’t believe you morons actually buy this sh*t’. Achieving over double its high estimate, the screen print smashed the previous auction record held by a Banksy print, set by Girl with Balloon – Colour AP (Gold) in September 2019 for £395,250. It’s a clear picture: highly sought after and showing no signs of slowing down, Banksy is strictly a multimillionaire’s market only – or is he?
Prices for Banksy’s prints run from £40,000 to hundreds of thousands, based on marketability, demand and whether you’re after a signed or unsigned edition. Whilst public auction records can give you some idea of price so much of his output is now traded privately that you need to speak to someone on the inside of the market to give you a realistic sense of value.
As always those with less wall appeal tend to be at the lower end of the value spectrum. Below are a few that have historically fetched less that the more iconic Girl with Balloon. If you’re looking to invest in a Banksy the first step would be to seek advice from our Banksy advisor. Steer clear of auction houses and high street galleries that charge from and above 25% on top of market price, particularly on lower priced works.