The Telegraph has reported a recent surge in the prices of the ubiquitous street artist Banksy’s work especially among the more mass market limited edition prints.
Often overlooked in the press reports was the meteoric rise of Banksy’s more affordable screen prints, printed in large editions. Take two examples in last week’s sales. Bomb Love, a girl hugging a rocket bomb from an edition of 150, sold at Bonhams in 2005 for £200. By 2008, another print from the edition had fetched £14,000. Pulp Fiction, two mafia types wielding bananas instead of guns, was produced in 2004 and priced at £150. By early 2008, an example had sold at auction for £14,400.
While not holding the nearly 1000% gains seen before the financial crisis of 2008, the prints listed above sold for £10,250 and £10,600 respectively with Bomb Love selling for more than twice the estimate of £4,000 at Bonham’s.