More pile on: The Banksy mural affair dredges up the conundrum - "Art Market or Art Racket?"

Banksy-mural

The attempted sale of a Banksy mural of doubtful provenance is the latest instance of aesthetic values trumped by monetary ones.  

 

When a mural by the British street artist Banksy disappeared from a wall in North London recently, nobody expected that the pinched painting would end up back in the public eye. If someone wanted to sell a pilfered artwork by a well-known artist, best to do it quietly.

But last week the mural reappeared at an auction house called Fine Art Auctions Miami – a little known institution founded in 2011, whose usual fare is more of the cruise ship decoration variety. The auction house was so unashamed of its provenance that it put the Banksy on the cover of its sale catalogue. 

Fine Art Auctions Miami consistently maintained that the Banksy was not stolen, that the artwork had been consigned by a private collector, and that it had performed "all necessary due diligence". At the last minute, however, the Banksy was pulled from sale – a massive comedown after they'd pegged it with a high estimate of $700,000. (Explaining the move, a spokesman for the auction house maintained that there had been "no legal issues whatsoever".)  By 

The Banksy mural affair (The Guardian UK)

 

 

Welcome to Ealy Mays Artworks

Celebration of over 150 years of Black Literary and Artistic development in Paris

Here you will find the works of one of the most prolific African American artists. Based in Paris, France, this selection includes current masterpieces as well retrospectives from a body of over 30 years as an ethnic artist painting in the United States, Latin America, the Caribbean, and Europe. Your choice of paintings, prints, posters, postcards, puzzles, memorabilia, T-shirts, collectibles, accessories,and more, is only a click away. Read more

It is the spectator and not life, that really mirrors art”  The Picture of Dorian Gray …Oscar Wilde

Newsletter Signup

Stay informed on our latest news, exhibits,events and more

Not Enough. Want to stay informed? Follow me now...