Arte e Cultura
Artmarket.com: Banksy is the top living artist in Artprice's turnover ranking for H1 2021. The Art Market recognizes Street Art as a major and globalized discipline
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Banksy's work has pursued a tradition that began with
Ernest Pignon-Ernest and Blek le Rat, but he brought the art of stenciling into the 21st century. Each new work discovered in the streets of
Bristol or the ruins of
Gaza or on the back door of the Bataclan in Paris or in the
New York subway has been photographed, publicized, liked, shared, even appropriated ... before being removed, as is still too often the case, by the city's cleaning service, or, in some cases stolen.
A brilliant drawer and very clever with his locational choices and the diffusion of his works, Banksy has brought to life an oeuvre that is spectacular and rhizomatous in nature. Each new piece carries a message for everyone, regardless of our age, language or knowledge of art history.
Taken together, Banksy's works have, for a quarter of a century, formed a gigantic fresco that depicts the sorrows and challenges of our society, both present and future: climate change, war, inequality, terrorism, etc. His work increasingly stands out as a political weapon via projects with an audacity unprecedented in art history: his 'bemusement' park (2015), the in Bethlehem (2017) and his migrant boat (2020), to name but a few.
While Banksy remains first and foremost a committed street artist who seeks a sort of perfect equilibrium in both space and time, his work has subsequently been made available practically . By reusing his stencils for several years on canvas or cardboard, by printing limited editions, by uploading photos to his Instagram account and by having his works reproduced on cups, magnets and key rings, Banksy has made his work omnipresent in our daily lives.
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Compared with Beeple, whose digital works are followed daily by 2.2 million followers on Instagram and whose NFT fetched $69.3 million in March 2021 , Banksy's work actually responds to an extremely pressing demand for art that looks straight into the eyes of our present and sounds alarm bells for the future. Paradoxically, his work criticizes the very society that acclaims him Highly cynical ( ), his work nevertheless gives a preponderant place to tenderness ( ), humour ( ), hope ( ) and it always seeks to surprise
Banksy's pieces are rarely sold on the primary market, except as a happening (in New York , Venice or on shop.grossdomesticproduct.com), but they circulate abundantly on the secondary market, whether in galleries, on the internet or in public auctions. More than 1,200 of his works were offered in auctions during the first semester of 2021, three-quarters of which found buyers (only 23% unsold).
Entire sessions are devoted to him at Sotheby's, Christie's, or Forum Auctions, covering all price ranges from original works at several million dollars and highly sought-after artist's proofs to prints and sculptures in more or less limited editions, signed or unsigned. This intense transaction level is overseen by an authentication system set up by the artist himself, the 'Pest Control Office'.
When Banksy has tried to undermine the very market that has elevated him to stardom (albeit anonymous), it has had the opposite effect: when his (2006) partially self-destructed just after being hammered down for $1.4 million in 2018, its value is said to have risen substantially. This spectacular turn of events was so well orchestrated that some suspected collaboration between the artist and Sotheby's: how could the shredder have escaped the prestigious auction house's attention? Clearly Banksy doesn't suffer too much from bad luck.
And yet… he is also capable of playing the market's game when it is for Earlier this year, he sold his canvas (2020) in order to refinance Southampton hospital in the midst of the health crisis. The work fetched a record $21.9 million , i.e. 17% of his total auction turnover in the first semester of 2021.
In H1 2021, Banksy's market was mainly split between the United Kingdom (64% of his auction turnover), the United States (15%) and Hong Kong (13%). This triangular market, more and more evenly distributed between the three major capitals of the global art market, fully contributes to the rise in the value of his works. This is perfectly illustrated by the three auctions of his small canvas (2000):
At 47 (his assumed age) Banksy is an international superstar, adored by the street art community and art market professionals alike, with 11 million followers on Instagram. But unlike many influencers, Banksy cares less about his personal image than about his art, which questions the future of our planet and Humanity as we know it.
Images:
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