
BANKSY
Flying Copper, 2003
Screenprint in colors on wove paper
Sheet: 100×70 cm (39 3/8 x 27 1/2 inches)
Printer & Publisher: Pictures on Walls, London
Editions: 600 unsigned, 150 signed
Artist’s Proofs
Pink AP: 63 signed AP
Pink Face AP: 8 signed AP
Table of Contents
ToggleAuction Market Overview
Flying Copper (unsigned)
The auction history of Flying Copper (unsigned) offers one of the clearest examples of how the Banksy print market distinguishes between strong collector images and true cultural icons. The work is unmistakably Banksy: a riot police officer is given angel wings and a yellow smiley face, turning the machinery of authority into a ridiculous, almost toy-like apparition. It is funny, menacing, absurd, and politically sharp at the same time.

Before the pandemic-era expansion, Flying Copper traded within a relatively modest but stable range. In 2019, most results fell between approximately $13,000 and $20,000, with a median around $18,702. At that stage, the print was already well known among Banksy collectors, but it was still positioned as an accessible edition rather than a trophy work.
The market changed dramatically in 2020. As demand for Banksy prints accelerated, Flying Copper was pulled into the speculative expansion with considerable force. Several results exceeded $85,000, and the December 2020 Forum Auctions sale at approximately $116,715 marked the strongest result in the dataset. Phillips Hong Kong also achieved approximately $106,000 that same month, confirming that the market strength was not isolated to one auction.

The boom continued into 2021, although prices became more uneven. Results ranged from the low $40,000s to nearly $90,000, with a 2021 median around $70,780. This confirmed that Flying Copper had meaningfully repriced during the broader Banksy frenzy, even if it did not reach the heights of Girl With Balloon, Love Is In The Air, or Choose Your Weapon.
The correction began in 2022. While the year still produced one exceptional SBI Art Auction result at approximately $104,810, most sales had already moved into a lower range between roughly $25,000 and $55,000. By 2023, the market had softened further, generally trading between $20,000 and $36,000. In 2024 and 2025, the work stabilized close to the $16,000–$23,000 range.

In 2025, the median price is approximately $19,465. This is only modestly above the 2019 pre-boom level, showing that most of the speculative premium has disappeared. That does not mean Flying Copper lacks importance. On the contrary, the image remains one of Banksy’s sharpest visual contradictions: an authoritarian figure presented as both angelic and absurd, threatening and childish, faceless and smiling.
The market lesson is more subtle. Flying Copper is a respected Banksy image, but it has not achieved the same broad public recognition as Girl With Balloon or Love Is In The Air. During speculative markets, that distinction matters less; during corrections, it matters enormously. Collectors become more selective, and the strongest value retention concentrates around the most iconic images. Liquidity remains relatively strong. The work appears regularly across major and specialist auction houses, including Sotheby’s, Christie’s, Phillips, Bonhams, Forum Auctions, Tate Ward, SBI Art Auction, and others. This suggests continued collector demand, but at a more disciplined valuation level.
Key Takeaways
- Flying Copper (unsigned) experienced a dramatic pandemic-era expansion, rising from a 2019 range around $13,000–$20,000 to peak results above $100,000.
- The December 2020 Forum Auctions result at approximately $116,715 represents the high-water mark of the dataset and should be understood as a peak-cycle result rather than a sustainable benchmark.
- The market corrected sharply after 2021, with 2024–2025 results returning close to the pre-pandemic range.
- The work remains liquid and conceptually strong, but it behaves more like a collector’s Banksy than a broad-market trophy image.
- Current prices suggest a more rational and sustainable market, driven by established collector interest rather than speculative momentum.
Flying Copper is therefore an important case study within the Banksy print market. It shows that a work can be visually brilliant, conceptually strong, and historically relevant while still retaining less speculative value than the artist’s most universally recognized images.
Flying Copper (signed)
The auction history of Flying Copper (signed) reveals a market that has followed the broader Banksy cycle while remaining considerably stronger than its unsigned counterpart. Featuring a smiling riot policeman equipped with angel wings, the image is one of Banksy’s most memorable visual contradictions, transforming authority into satire and aggression into absurdity.

Before the pandemic-era boom, the signed edition traded around $50,000, already reflecting its status as a desirable Banksy print. The market accelerated sharply in 2020 and reached its peak in March 2021 when Forum Auctions achieved approximately $158,320, the highest result in the dataset. Like many Banksy editions, Flying Copper benefited from the extraordinary demand that swept through the market during this period. The correction began in 2022, although prices remained relatively robust compared with many unsigned editions. The work achieved approximately $104,105 at SBI Art Auction in 2022 before gradually normalizing. By 2023, results ranged between roughly $44,000 and $76,000, while the two recorded sales in 2025 settled around $38,000–$41,000.
The key observation is that Flying Copper (signed) has retained value significantly better than the unsigned edition. While the unsigned version has largely returned to its pre-pandemic levels, the signed edition continues to command a meaningful premium and remains firmly positioned within the mid-tier of the Banksy print market. Overall, Flying Copper (signed) illustrates the difference between a strong collector favorite and a true blue-chip Banksy image. The work continues to enjoy healthy demand and liquidity, but the market ultimately reserves its highest premiums for Banksy’s most universally recognized compositions.

Flying Copper (unsigned)
2026 Auction Results

| Flying Copper (unsigned), 2003 Edition: XXX/600 |
| Tate Ward Auctions: 24 June 2026 London, UK Estimated: GBP 10,000 – 12,000 |
| GBP 17,500 GBP 17,500 / USD 23,445 |
| Flying Copper (unsigned), 2003 Edition: 225/600 |
|
Phillips London: 4 June 2026
London, UK Estimated: GBP 8,000 – 12,000 |
| GBP 17,500 GBP 19,350 / USD 25,995 |
| Flying Copper (unsigned), 2003 Edition: 375/600 |
| Swann Auction Galleries: 4 June 2026 New-York, USA Estimated: USD 12,000 – 18,000 |
| USD 22,860 GBP 17,015 / USD 22,860 |

| Flying Copper (unsigned), 2003 Edition: 101/600 |
| Heritage Auctions: 23 April 2026 Dallas, USA Estimated: USD 10,000 – 15,000 |
| USD 27,500 GBP 20,470 / USD 27,500 |

| Flying Copper (unsigned), 2003 Edition: 59/600 |
| Sotheby’s London: 25 March 2026 London, UK Estimated: GBP 8,000 – 12,000 |
| GBP 17,920 GBP 17,920 / USD 23,995 |

| Flying Copper (unsigned), 2003 Edition: 101/600 |
| Heritage Auctions: 29 January 2026 Dallas, USA No Estimates Received |
| USD 27,500 GBP 20,470 / USD 27,500 |
2025 Auction Results
# Lots sold: 6 Lots
Average Price: GBP 14,395 (USD 19,385)
XXXXXXXXXX

| Flying Copper (unsigned), 2003 Edition: XXX/600 |
| Tate Ward: 30 October 2025 London, UK Estimated: GBP 10,000 – 15,000 |
| GBP 12,500 GBP 12,500 / USD 16,780 |

| Flying Copper (unsigned), 2003 Edition: XXX/600 |
| Forum Auctions: 15 October 2025 London, UK Estimated: GBP 12,000 – 18,000 |
| GBP 12,000 (Hammer) GBP 15,804 / USD 21,175 |

| Flying Copper (unsigned), 2003 Edition: 387/600 |
| Sotheby’s online: 24 September 2025 London, UK Estimated: GBP 12,000 – 18,000 |
| GBP 16,510 GBP 16,510 / USD 22,215 |

| Flying Copper (unsigned), 2003 Edition: 303/600 |
|
Bonhams London: 24 September 2025 |
| GBP 12,800 GBP 12,800 / USD 17,220 |

| Flying Copper (unsigned), 2003 Edition: XXX/600 |
| Tate Ward: 18 September 2025 London, UK Estimated: GBP 8,000 – 12,000 |
| GBP 13,750 GBP 13,750 / USD 18,565 |

| Flying Copper (unsigned), 2003 Edition: XXX/600 |
| Tate Ward: 13 August 2025 London, UK Estimated: GBP 12,000 – 18,000 |
| GBP 15,000 GBP 15,000 / USD 20,360 |
2024 Auction Results
# Lots sold: 3 Lots
# Lots passed: 2 Lots
Average Price: GBP 15,445 (USD 19,775)
XXXXXXXXXX

| Flying Copper (unsigned), 2003 Edition: XXX/600 |
| Forum Auctions: 4 December 2024 London, UK Estimated: GBP 10,000 – 15,000 |
| GBP 9,500 (Hammer) GBP 12,730 / USD 16,525 |

| Flying Copper (unsigned), 2003 Edition: 253/600 |
| Sotheby’s London: 2 August 2024 London, UK Estimated: GBP 12,000 – 18,000 |
| GBP 15,600 GBP 15,600 / USD 19,970 |

| Flying Copper (unsigned), 2003 Edition: XXX/600 |
| Tate Ward Auctions: 20 March 2024 London, UK Estimated: GBP 14,000 – 18,000 |
| GBP 18,000 GBP 18,000 / USD 22,830 |
XXXXXXXXXX
| Flying Copper (unsigned), 2003 Edition: 375/600 |
| LA Modern: 10 October 2024 Estimated: USD 20,000 – 30,000 PASSED |
XXXXXXXXXX
| Flying Copper (unsigned), 2003 Edition: 460/600 |
| Christie’s London: 1 October 2024 Estimated: GBP 15,000 – 25,000 PASSED |
2023 Auction Results
# Lots sold: 6 Lots
# Lots passed: 1 Lot
Average Price: GBP 23,560 (USD 28,905)
XXXXXXXXXX

| Flying Copper (unsigned), 2003 Edition: 265/600 |
| Heffel Fine Art: 26 October 2023 Toronto, CANADA Estimated: CAD 35,000 – 45,000 |
| CAD 49,250 GBP 29,315 / USD 35,610 |

| Flying Copper (unsigned), 2003 Edition: 353/600 |
| LA Modern: 12 October 2023 Los Angeles, USA Estimated: USD 20,000 – 30,000 |
| USD 20,160 GBP 16,575 / USD 20,160 |

| Flying Copper (unsigned), 2003 Edition: 511/600 |
| Sotheby’s London: 26 September 2023 London, UK Estimated: GBP 15,000 – 20,000 |
| GBP 27,940 GBP 27,940 / USD 33,985 |

| Flying Copper (unsigned), 2003 Edition: 55/600 |
| Phillips London: 22 September 2023 London, UK Estimated: GBP 18,000 – 26,000 |
| GBP 21,590 GBP 21,590 / USD 26,550 |

| Flying Copper (unsigned), 2003 Edition: XXX/600 |
| SBI Art Auction: 27 May 2023 Tokyo, JAPAN Estimated: JPY 3,500,000 – 5,500,000 |
| JPY 3,680,000 GBP 21,025 / USD 26,170 |

| Flying Copper (unsigned), 2003 Edition: XXX/600 |
| SBI Art Auction: 15 April 2023 Tokyo, JAPAN Estimated: JPY 3,500,000 – 5,500,000 |
| JPY 4,140,000 GBP 24,910 / USD 30,945 |
XXXXXXXXXX
| Flying Copper (unsigned), 2003 Edition: Aside |
| Wright: 8 August 2023 Estimated: USD 15,000 – 25,000 PASSED |
2022 Auction Results
# Lots sold: 11 Lots
# Lots passed: 1 Lot
Average Price: GBP 38,770 (USD 49,390)
XXXXXXXXXX

| Flying Copper (unsigned), 2003 Edition: 520/600 |
| Bonhams London: 20 October 2022 London, UK Estimated: GBP 20,000 – 30,000 |
| GBP 22,950 GBP 22,950 / USD 25,900 |

| Flying Copper (unsigned), 2003 Edition: XXX/600 |
| Forum Auctions: 1 September 2022 London, UK Estimated: GBP 22,000 – 32,000 |
| GBP 30,000 (Hammer) GBP 40,440 / USD 46,645 |

| Flying Copper (unsigned), 2003 Edition: 512/600 |
| Sotheby’s online: 17 August 2022 London, UK Estimated: GBP 20,000 – 30,000 |
| GBP 44,100 GBP 44,100 / USD 52,920 |

| Flying Copper (unsigned), 2003 Edition: 234/600 |
| Lyon & Turnbull: 10 August 2022 London, UK Estimated: GBP 20,000 – 30,000 |
| GBP 25,200 GBP 25,200 / USD 30,850 |

| Flying Copper (unsigned), 2003 Edition: 447/600 |
| Bonhams London: 27 April 2022 London, UK Estimated: GBP 20,000 – 30,000 |
| GBP 28,020 GBP 28,020 / USD 35,305 |

| Flying Copper (unsigned), 2003 Edition: 106/600 |
| Sotheby’s online: 26 April 2022 London, UK Estimated: GBP 24,000 – 35,000 |
| GBP 32,760 GBP 32,760 / USD 41,280 |

| Flying Copper (unsigned), 2003 Edition: XXX/600 |
| Forum Auctions: 25 April 2022 London, UK Estimated: GBP 30,000 – 40,000 |
| GBP 29,000 (Hammer) GBP 39,100 / USD 48,630 |
| Flying Copper (unsigned), 2003 Edition: 467/600 |
| Christie’s online: 15 March 2022 London, UK Estimated: GBP 25,000 – 35,000 |
| GBP 37,800 GBP 37,800 / USD 49,895 |

| Flying Copper (unsigned), 2003 Edition: 215/600 |
| Phillips London: 4 March 2022 London, UK Estimated: GBP 20,000 – 30,000 |
| GBP 37,800 GBP 37,800 / USD 51,410 |

| Flying Copper (unsigned), 2003 Edition: XXX/600 |
| Forum Auctions: 3 March 2022 London, UK Estimated: GBP 25,000 – 35,000 |
| GBP 31,000 (Hammer) GBP 41,780 / USD 55,660 |

| Flying Copper (unsigned), 2003 Edition: XXX/600 |
| SBI Art Auction: 27 January 2022 Tokyo, JAPAN Estimated: JPY 3,500,000 – 5,500,000 |
| JPY 12,075,000 GBP 76,505 / USD 104,810 |
XXXXXXXXXXX
| Flying Copper (unsigned), 2003 Edition: 166/600 |
| Christie’s online: 21 September 2022 Estimated: GBP 30,000 – 50,000 PASSED |
2021 Auction Results
# Lots sold: 7 Lots
# Lots passed: 1 Lot
Average Price: GBP 47,030 (USD 65,130)
XXXXXXXXXX

| Flying Copper (unsigned), 2003 Edition: 307/600 |
| Christie’s online: 23 September 2021 London, UK Estimated: GBP 30,000 – 50,000 |
| GBP 30,000 GBP 30,000 / USD 41,700 |

| Flying Copper (unsigned), 2003 Edition: 353/600 |
| Bonhams London: 22 September 2021 London, UK Estimated: GBP 20,000 – 30,000 |
| GBP 31,500 GBP 31,500 / USD 43,785 |

| Flying Copper (unsigned), 2003 Edition: XXX/600 |
| Forum Auctions: 13 July 2021 London, UK Estimated: GBP 30,000 – 40,000 |
| GBP 24,000 (Hammer) GBP 32,400 / USD 43,160 |

| Flying Copper (unsigned), 2003 Edition: 582/600 |
| Mainichi Auctions: 22 May 2021 Tokyo, JAPAN Estimated: JPY 5,000,000 – 8,000,000 |
| JPY 8,800,000 GBP 57,070 / USD 80,780 |

| Flying Copper (unsigned), 2003 Edition: 398/600 |
|
Sotheby’s online: 18 March 2021
London, UK Estimated: GBP 20,000 – 30,000 |
| GBP 63,000 GBP 63,000 / USD 87,570 |

| Flying Copper (unsigned), 2003 Edition: 197/600 |
| Forum Auctions: 5 March 2021 London, UK Estimated: GBP 30,000 – 50,000 |
| GBP 38,000 (Hammer) GBP 50,920 / USD 70,780 |

| Flying Copper (unsigned), 2003 Edition: XXX/600 |
| Forum Auctions: 27 January 2021 London, UK Estimated: GBP 50,000 – 70,000 |
| GBP 48,000 (Hammer) GBP 64,320 / USD 88,120 |
XXXXXXXXXX
| Flying Copper (unsigned), 2003 Edition: XXX/600 |
| Tate Ward Auctions: 24 March 2021 Estimated: GBP 60,000 – 80,000 PASSED |
2020 Auction Results
# Lots sold: 8 Lots
Average Price: GBP 57,640 (USD 76,095)
XXXXXXXXXX

| Flying Copper (unsigned), 2003 Edition: XXX/600 |
|
Tate Ward Auctions: 9 December 2020 |
| GBP 68,750 GBP 68,750 / USD 92,125 |
| Flying Copper (unsigned), 2003 Edition: XXX/600 |
| Forum Auctions: 7 December 2020 London, UK Estimated: GBP 15,000 – 25,000 |
| GBP 65,000 (Hammer) GBP 87,100 / USD 116,715 AUCTION RECORD FOR FLYING COPPER (UNSIGNED) |

| Flying Copper (unsigned), 2003 Edition: 397/600 |
| Phillips Hong-Kong: 4 December 2020 Hong-Kong Estimated: HKD 100,000 – 150,000 |
| HKD 819,000 GBP 79,105 / USD 106,000 |

| Flying Copper (unsigned), 2003 Edition: 470/600 |
| International Art Center: 17 November 2020 Aukland, NEW-ZEALAND Estimated: NZD 50,000 – 75,000 |
| NZD 75,000 (Hammer) NZD 90,950 GBP 46,890 / USD 62,100 |

| Flying Copper (unsigned), 2003 Edition: XXX/600 |
| Forum Auctions: 27 October 2020 London, UK Estimated: GBP 15,000 – 20,000 |
| GBP 49,000 (Hammer) GBP 65,660 / USD 86,670 |

| Flying Copper (unsigned), 2003 Edition: 337/600 |
| Sotheby’s online: 18 September 2020 London, UK Estimated: GBP 10,000 – 15,000 |
| GBP 75,600 GBP 75,600 / USD 98,280 |

| Flying Copper (unsigned), 2003 Edition: 493/600 |
| Bonhams London: 19 June 2020 London, UK Estimated: GBP 8,000 – 12,000 |
| GBP 18,812 GBP 18,812 / USD 23,260 |

| Flying Copper (unsigned), 2003 Edition: XXX/600 |
| Tate Ward Auctions: 12 May 2020 London, UK Estimated: GBP 16,000 – 20,000 |
| GBP 19,200 GBP 19,200 / USD 23,610 |
2019 Auction Results
# Lots sold: 6 Lots
# Lots passed: 1 Lot
Average Price: GBP 13,415 (USD 17,275)
XXXXXXXXXX

| Flying Copper (unsigned), 2003 Edition: 126/600 |
| Bruun Rasmussen: 5 December 2019 Copenhagen, DENMARK Estimated: DKK 40,000 – 50,000 |
| DKK 70,000 (Hammer) DKK 91,000 GBP 10,280 / USD 13,525 |

| Flying Copper (unsigned), 2003 Edition: 397/600 |
| Sotheby’s Hong-Kong online: 14 October 2019 Hong-Kong Estimated: HKD 60,000 – 80,000 |
| HKD 100,000 GBP 10,220 / USD 12,750 |

| Flying Copper (unsigned), 2003 Edition: 225/600 |
| Christie’s online: 24 September 2019 London, UK Estimated: GBP 10,000 – 15,000 |
| GBP 15,000 GBP 15,000 / USD 18,710 |

| Flying Copper (unsigned), 2003 Edition: XXX/600 |
| Forum Auctions: 26 June 2019 London, UK Estimated: GBP 10,000 – 15,000 |
| GBP 11,000 (Hammer) GBP 14,740 / USD 18,695 |

| Flying Copper (unsigned), 2003 Edition: XXX/600 |
| Digard Auctions: 8 April 2019 Paris, FRANCE Estimated: EUR 8,000 – 10,000 |
| EUR 18,200 GBP 15,520 / USD 20,495 |

| Flying Copper (unsigned), 2003 Edition: XXX/600 |
| Forum Auctions: 27 March 2019 London, UK Estimated: GBP 10,000 – 15,000 |
| GBP 11,000 (Hammer) GBP 14,740 / USD 19,465 |
XXXXXXXXXXX
| Flying Copper (unsigned), 2003 Edition: XXX/600 |
| Forum Auctions: 23 May 2019 Estimated: GBP 10,000 – 15,000 PASSED |
2018 Auction Results

| Flying Copper (unsigned), 2003 Edition: 54/600 |
| Artnet Auctions: 27 November 2018 New-York, USA Estimated: USD 8,000 – 10,000 |
| USD 16,800 GBP 13,190 / USD 16,800 |
Prior Years Auction Results


Flying Copper (signed)
2025 Auction Results

| Flying Copper (signed), 2003 Edition: 121/150 |
| Christie’s London: 30 September 2025 London, UK Estimated: GBP 24,000 – 35,000 |
| GBP 30,480 GBP 30,480 / USD 40,965 |

| Flying Copper (signed), 2003 Edition: 28/150 |
|
Phillips London: 5 June 2025
London, UK Estimated: GBP 20,000 – 30,000 |
| GBP 27,940 GBP 27,940 / USD 37,720 |
2024 Auction Results
Flying Copper (signed) has not sold at auction in 2024.
2023 Auction Results

| Flying Copper (signed), 2003 Edition: 56/150 |
| Sotheby’s online: 26 September 2023 London, UK Estimated: GBP 30,000 – 50,000 |
| GBP 38,100 GBP 38,100 / USD 46,345 |

| Flying Copper (signed), 2003 Edition: XXX/150 |
| Forum Auctions: 30 August 2023 London, UK Estimated: GBP 25,000 – 35,000 |
| GBP 26,000 (Hammer) GBP 34,840 / USD 44,325 |

| Flying Copper (signed), 2003 Edition: 53/150 |
| Sotheby’s online: 20 April 2023 London, UK Estimated: GBP 40,000 – 60,000 |
| GBP 60,960 GBP 60,960 / USD 75,885 |
2022 Auction Results

| Flying Copper (signed), 2003 Edition: XXX/150 |
| SBI Art Auction: 28 May 2022 Tokyo, JAPAN Estimated: JPY 9,000,000 – 14,000,000 |
| JPY 13,225,000 GBP 83,900 / USD 104,105 |
XXXXXXXXXXX
| Flying Copper (signed), 2003 Edition: XXX/150 |
| Forum Auctions: 28 April 2022 Estimated: GBP 55,000 – 80,000 PASSED |
2021 Auction Results
| Flying Copper (signed), 2003 Edition: 83/150 |
| Forum Auctions: 5 March 2021 London, UK Estimated: GBP 70,000 – 90,000 |
| GBP 85,000 (Hammer) GBP 113,900 / USD 158,320 AUCTION RECORD FOR FLYING COPPER (SIGNED) |
XXXXXXXXXXX
| Flying Copper (signed), 2003 Edition: 69/150 |
| Bonhams online: 29 June 2021 Estimated: GBP 70,000 – 90,000 PASSED |
2020 Auction Results

| Flying Copper (signed), 2003 Edition: XXX/150 |
| Forum Auctions: 19 May 2020 London, UK Estimated: GBP 35,000 – 45,000 |
| GBP 35,000 (Hammer) GBP 46,900 / USD 57,460 |

| Flying Copper (signed), 2003 Edition: XXX/150 |
| Forum Auctions: 24 March 2020 London, UK Estimated: GBP 40,000 – 60,000 |
| GBP 39,000 (Hammer) GBP 52,260 / USD 61,585 |
XXXXXXXXXXX
| Flying Copper (signed), 2003 Edition: XXX/150 |
| Sotheby’s online: 26 March 2020 Estimated: GBP 35,000 – 55,000 PASSED |
2019 Auction Results
Flying Copper (signed) did not sell at auction in 2019.
2018 Auction Results

| Flying Copper (signed), 2003 Edition: 112/150 |
| Christie’s online: 26 September 2018 London, UK Estimated: GBP 15,000 – 25,000 |
| GBP 40,000 GBP 40,000 / USD 52,345 |
Prior Years Auction Results








