Banksy Works Fail to Sell at Auction

by Tracy Chait (RSS feed)
Sep 30th 2008 at 8:02PM

Banksy, the British graffiti artist who remains semi-anonymous, had five of his works at a Lyon and Turnbull auction in London over the weekend. None of them sold.

Part of the problem stemmed from Banksy's refusal to claim the work as his own. Banksy has a history of stating that street art should remain in its places of origin, and this group of pieces had been moved. In the past the controversial artist's work has earned double the expected auction price.

[via The New York Times]

Tags: auction, banksy, graffiti, street art, StreetArt

Filed under: Auctions, Art

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Retail Refugees Oct 1st 2008 1:08PM

Interesting... maybe buyers have wisened up to all the authenticity issues and proof of authenticity. Take the LV situation as a lesson on my blog www.blogretailrefugees.com