Banksy's works total over £400,000 at Bonhams Urban Art Sale

Ahram Online, Saturday 31 Mar 2012

Seventeen works by celebrated graffiti artist Banksy went under the hammer 29 March at Bonhams, one of the world's oldest auctioneers for fine art

Banksy, Love is in the Air, photo: Bonhams

The recent Urban Art Sale held by Bonhams London, one of the world's largest auctioneers in fine art and antiques, founded in 1792, included works by the celebrated graffiti artist Banksy.

A number of graffiti works achieved exceptional prices: Leopard and Barcode sold for £75,650 ($121,000), Love is in the Air, 2002 sold for £87,650 ($140,000), and Bomb Hugger sold for £49,250 ($79,000)

Banksy highlights also included Girl and Balloon, 2009, selling for £73,250 ($117,000), Happy Choppers, selling for £13,125 ($21,000), and Nola, selling for £12,500 ($20,000).

In total, the sale of Banksy works totalled £405,425 ($648,000).

A Bonhams press release quotes Alan Montgomery, urban art specialist at Bonhams, saying: "Our results in last night's auction prove that the demand for works by Banksy is stronger than ever, and the interest in urban art continues to grow. It appears that it is now a truly global phenomenon, attracting bidders from around the world. We look forward to our next sale, and intend to include an exciting mix of big names and emerging talent in this rapidly developing area of the art market."

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