Banksy artwork sells for nearly $10 million at auction

Lawrence Kim
October 22, 2020

"Show Me the Monet" sold to an unidentified bidder at Sotheby's in London on Wednesday evening, surpassing its upper pre-sale estimate of 5 million pounds.

Instead of an idyllic lily pond, the composition shows discarded shopping trollies and a fluorescent orange traffic cone floating in the water beneath the bridge.

The painting is the second most expensive Banksy sold at auction, after the reclusive artist's Devolved Parliament sold for £9.9 million a year ago. "Today I perceive it as one of the most important works of art in this century so far", said Jacob Thage, the director of the Museum Jorn in Denmark where Show Me The Monet was most recently displayed to the public.

Sotheby's says that five potential buyers were all determined to own the piece, which drove up the bidding, allowing the painting to bring in double the estimated value.

Last year, Banksy's "Devolved Parliament", a satirical oil painting depicting the House of Commons filled with chimpanzees, sold at auction in London for a record-breaking £9,879,500 ($12,200,000).

Banksy's painting, an oil on canvas created in 2005, was showcased as part of the "Crude Oils: A Gallery of Re-mixed Masterpieces, Vandalism and Vermin" exhibition, where the artist re-imagined famous works by artists including Edward Hopper, Jack Vettriano and Vincent van Gogh. Banksy, whose real name has never been officially confirmed, began his career spray-painting buildings in Bristol, England, and has become one of the world's best-known artists.

The artist's identity remains shrouded in mystery even as his works have begun to attract increasingly high sums at auction.

Meanwhile he continues to use his art in stunts that generate huge publicity.

Other reports by Click Lancashire

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