A collection of works by Bristol’s world-famous graffiti artist Banksy has fetched more than £400,000 at auction.
Eighteen works were sold at Bonhams in London for £405,425 – including buyer’s premium – as part of its Urban Art sale.
Stencil painting, Leopard and Barcode, bought from Banksy’s Existencilism exhibition in Los Angeles was sold for £75,650, after being given a guide price of up to £80,000.
Meanwhile, Girl and Balloon, a 2009 work, fetched £73,250, almost five times more than its pre-sale estimate of £15,000-£25,000.
The sale appears to contradict claims, earlier this week, by art critic and former curator Julian Spalding – who predicted the bottom would soon fall out of the contemporary art market and conceptual work by high profile artists would become “worthless”.
Writing in The Independent newspaper, he said he had coined the term “con art” which is “short for contemporary conceptual art and for art that cons people”.
Next week in Bristol, a new book Banksy: The Bristol Legacy will be launched which collects a selection of viewpoints from a range of perspectives and analyses the impact of Banksy v Bristol Museum exhibition held in 2009.
Edited by Professor Paul Gough, Artist and Deputy Vice Chancellor of UWE Bristol and published by John Sansom at Redcliffe Press, the book launches on Wednesday.