Banksy artworks sell for £400,000
Published: 30th Mar 2012 09:31:56
A collection of works by graffiti artist Banksy have sold for more than £400,000 at an auction in London.
Girl and Balloon, one of 18 pieces sold on Thursday, fetched £73,250, almost five times its estimated pre-sale price.
The image has been painted directly onto the cardboard backing of an Ikea frame.
The stencil painting Leopard and Barcode, which has never been under the hammer before, sold for £75,650.
The Urban Art sale took place at Bonhams auction house.
In a separate sale at the auction house, a screen print of a dollar sign by American pop artist Andy Warhol sold for £44,450.
Initially painted onto a handkerchief and given to friends in 1981, the picture has since been mounted onto board.
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 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".
But Simon Todd, from online auction website ArtNet, told the BBC he thought modern art was still going strong.
"The contemporary art market is very strong at the moment both in terms of the domestic, international and growth markets," he said.
At 18:57:29 in EnglandThe summer of 2013 saw a sleepy Sussex village hit the headlines as months of protests over fracking led to dozens of arrests.
At 18:54:29 in EnglandA man arrested when a 19-year-old was hit by a car on the M23 near Crawley has been freed without charge.
At 18:48:57 in SportBritish number one Laura Robson will miss the French Open and Wimbledon after having minor wrist surgery.
At 18:48:12 in ScotlandLandowners have reacted angrily to claims the persecution of birds of prey on Scotland's grouse moors has returned to levels last seen in the Victorian era.
At 18:38:55 in EnglandKeyhole surgery for upper gastrointestinal cancer (GI) has been stopped indefinitely at a Kent hospital after the deaths of five patients.
At 18:36:55 in EnglandA man in his 70s died when his car crossed a junction and hit a fence in Weybridge.
At 18:26:57 in Northern IrelandA 20-year-old woman has been the victim of a serious sexual assault in Armagh.
At 18:24:04 in ScotlandThe case against a delivery van driver accused of causing the death of a nine-year-old boy on an Aberdeenshire street has been found not proven.
At 18:20:02 in EnglandA man who died in a house fire in Gateshead has been named.
At 18:11:51 in ScotlandA former West Lothian councillor has been convicted of embezzling an elderly couple's life savings.
Harvard CitationBBC News, 2012. Banksy artworks sell for £400,000 [Online] (Updated 30th Mar 2012)
Available at: http://www.ukwirednews.com/news/1419716/Banksy-artworks-sell-for-400-000 [Accessed 17th Apr 2014]
News In Other Categories
Commons speaker John Bercow has said several female MPs have told him Prime Minister's Questions is "so bad" they no longer take part.
Black bag rubbish may be picked up every three weeks as Gwynedd council battles to avoid possible fines it "simply cannot afford".
BBC News presenter George Alagiah has been diagnosed with bowel cancer.
The summer of 2013 saw a sleepy Sussex village hit the headlines as months of protests over fracking led to dozens of arrests.
Landowners have reacted angrily to claims the persecution of birds of prey on Scotland's grouse moors has returned to levels last seen in the Victorian era.
China's largest Twitter-like service, Weibo, has had a lukewarm reception on the first day of its listing on the US stock market.