Banksy take on Monet masterpiece sells for £7.6m

Lawrence Kim
October 22, 2020

"A member of staff poses in front of a work of art by Banksy entitled 'Show Me The Monet" at Sotheby's auction house in London, Friday, Oct. 16, 2020.

Banksy's take on a Claude Monet masterpiece has sold for £7.6 million ($9.8 million) following a nine-minute bidding battle, auctioneers at Sotheby's have said.

"The hammer came down after five determined collectors battled for almost nine minutes to drive the final price beyond its estimate of £3,000,000-5,000,000 to become the second highest price for the artist at auction", Sotheby's said.

The painting is the second most expensive Banksy sold at auction, after the reclusive artist's Devolved Parliament sold for £9.9 million previous year.

"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.

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 has become a household name since the turn of the century, after his iconic graffiti paintings began to appear overnight on buildings and at sites around the world.

Banksy has had a busy year, from his at times unwelcome pandemic art, to a court battle over the rights to his work, and now an auction in which one of his paintings sold for significantly more than the estimated value.

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

Alex Branczik, Sotheby's head of contemporary art for Europe, has said the painting marked an important transition in Banksy's career.

Other reports by Click Lancashire

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