BANKSY
Love Rat, 2004
Screenprint in black and red on wove paper
Sheet: 50×35 cm (19 1/2 x 13 5/8 inches)
Printer & Publisher: Pictures on Walls, London
Editions: 600 unsigned, 150 signed
Signature and Numbering
Numbered in pencil with the publisher’s blindstamp lower left or lower right
Auction Market Overview
Love Rat (unsigned)
The auction history of Love Rat (unsigned) illustrates a textbook speculative cycle. Between 2019 and 2022, median prices rose sharply, supported by a surge in transaction volume that peaked in 2021. This phase reflects heightened demand for accessible Banksy icons during the post-pandemic expansion of the print market, culminating in a price high in 2022 despite already declining liquidity.
From 2023 onward, the correction becomes structurally evident. Median prices fell sharply as the number of lots contracted to historically low levels, confirming a simultaneous retreat of both buyers and sellers. The depth of the adjustment reflects a normalization rather than a loss of relevance, as Love Rat remains actively traded despite thinner supply.
Data from 2024 and 2025 points to a stabilization phase. Prices have settled above pre-2020 levels while volumes remain controlled, suggesting a more disciplined market driven by informed collectors rather than speculative momentum. At current levels, Love Rat (unsigned) appears to have re-established clear price boundaries consistent with its status as a widely recognized but mature Banksy print.
Love Rat (unsigned)
2025 Auction Results
| Love Rat (unsigned), 2004 Edition: XXX/600 |
| Forum Auctions: 15 October 2025 London, UK Estimated: GBP 10,000 – 15,000 |
| GBP 14,000 (Hammer) GBP 18,428 / USD 24,695 |
| Love Rat (unsigned), 2004 Edition: 532/600 |
| Sotheby’s London: 24 September 2025 London, UK Estimated: GBP 10,000 – 15,000 |
| GBP 19,050 GBP 19,050 / USD 25,630 |
| Love Rat (unsigned), 2004 Edition: 192/600 |
| Sotheby’s London: 1 August 2025 London, UK Estimated: GBP 10,000 – 15,000 |
| GBP 13,970 GBP 13,970 / USD 18,450 |
| Love Rat (unsigned), 2004 Edition: 62/600 |
| Phillips London: 23 January 2025 London, UK Estimated: GBP 10,000 – 15,000 |
| GBP 24,130 GBP 24,130 / USD 29,810 |
2024 Auction Results
| Love Rat (unsigned), 2004 Edition: 402/600 |
| Tate Ward Auctions: 11 December 2024 London, UK Estimated: GBP 10,000 – 15,000 |
| GBP 13,750 GBP 13,750 / USD 17,875 |
| Love Rat (unsigned), 2004 Edition: XXX/600 |
| Forum Auctions: 29 October 2024 London, UK Estimated: GBP 12,000 – 15,000 |
| GBP 13,000 (Hammer) GBP 17,420 / USD 22,610 |
| Love Rat (unsigned), 2004 Edition: 62/600 |
| Christie’s online: 1 October 2024 London, UK Estimated: GBP 12,000 – 18,000 |
| GBP 12,600 GBP 12,600 / USD 16,760 |
| Love Rat (unsigned), 2004 Edition: XXX/600 DN |
| Forum Auctions: 31 July 2024 London, UK Estimated: GBP 10,000 – 15,000 |
| GBP 13,000 (Hammer) GBP 17,420 / USD 22,300 |
| Love Rat (unsigned), 2004 Edition: XXX/600 |
| Forum Auctions: 11 June 2024 London, UK Estimated: GBP 14,000 – 18,000 |
| GBP 11,000 (Hammer) GBP 14,740 / USD 18,795 |
| Love Rat (unsigned), 2004 Edition: XXX/600 |
| SBI Art Auction: 25 May 2024 Tokyo, JAPAN Estimated: JPY 3,000,0000 – 5,000,000 |
| JPY 3,910,000 GBP 19,930 / USD 24,910 |
| Love Rat (unsigned), 2004 Edition: XXX/600 |
| Forum Auctions: 30 April 2024 London, UK Estimated: GBP 15,000 – 20,000 |
| GBP 13,000 (Hammer) GBP 17,420 / USD 21,775 |
| Love Rat (unsigned), 2004 Edition: XXX/600 |
| Forum Auctions: 30 January 2024 London, UK Estimated: GBP 15,000 – 20,000 |
| GBP 16,000 (Hammer) GBP 21,440 / USD 27,190 |
2023 Auction Results
| Love Rat (unsigned), 2004 Edition: 77/600 |
| LA Modern: 12 October 2023 Estimated: USD 20,000 – 30,000 USD 18,900 |
| USD 18,900 GBP 15,540 / USD 18,900 |
| Love Rat (unsigned), 2004 Edition: XXX/600 |
| SBI Art Auction: 15 July 2023 Tokyo, JAPAN Estimated: JPY 3,000,000 – 5,000,000 |
| JPY 6,095,000 GBP 33,535 / USD 43,915 |
| Love Rat (unsigned), 2004 Edition: XXX/600 |
| SBI Art Auction: 27 May 2023 Tokyo, JAPAN Estimated: JPY 3,500,000 – 5,500,000 |
| JPY 4,140,000 GBP 23,650 / USD 29,440 |
2022 Auction Results
| Love Rat (unsigned), 2004 Edition: 136/600 |
| Christie’s online: 21 September 2022 London, UK Estimated: GBP 30,000 – 50,000 |
| GBP 32,760 GBP 32,760 / USD 39, 310 |
| Love Rat (unsigned), 2004 Edition: 29/600 |
| Bonhams London: 21 September 2022 London, UK Estimated: GBP 25,000 – 35,000 |
| GBP 31,800 GBP 31,800 / USD 36,030 |
| Love Rat (unsigned), 2004 Edition: XXX/600 |
| SBI Art Auction: 21 September 2022 Tokyo, JAPAN Estimated: JPY 4,000,000 – 7,000,000 |
| JPY 7,475,000 GBP 31,800 / USD 58,800 |
| Love Rat (unsigned), 2004 Edition: 284/600 |
| Bonhams London: 27 April 2022 London, UK Estimated: GBP 25,000 – 35,000 |
| GBP 29,280 GBP 29,280 / USD 38,650 |
| Love Rat (unsigned), 2004 Edition: 359/600 |
|
Sotheby’s online, 26 April 2022
London, UK Estimated: GBP 26,000 – 35,000 |
| GBP 40,320 GBP 40,320 / USD 50,805 |
| Love Rat (unsigned), 2004 Edition: 556/600 |
|
Christie’s online, 15 March 2022
London, UK Estimated: GBP 30,000 – 50,000 |
| GBP 69,300 GBP 69,300 / USD 91,475 |
| Love Rat (unsigned), 2004 Edition: XXX/600 |
| Forum Auctions: 3 March 2022 London, UK Estimated: GBP 30,000 – 50,000 |
| GBP 36,000 (Hammer) GBP 48,240 / USD 65,605 |
| Love Rat (unsigned), 2004 Edition: XXX/600 |
| SBI Art Auction: 29 January 2022 Tokyo, JAPAN Estimated: JPY 4,000,000 – 7,000,000 |
| JPY 9,775,000 GBP 61,930 / USD 84,845 |
| Love Rat (unsigned), 2004 Edition: 565/600 |
| Monte Carlo Auctions: 20 January 2022 Monaco, MONTE CARLO Estimated: EUR 20,000 – 30,000 |
| EUR 24,500 (Hammer) EUR 30,625 GBP 25,340 / USD 34,720 |
2021 Auction Results
| Love Rat (unsigned), 2004 Edition: XXX/600 |
| Forum Auctions: 14 December 2021 London, UK Estimated: GBP 28,000 – 35,000 |
| GBP 30,000 (Hammer) GBP 40,200 / USD 54,270 |
| Love Rat (unsigned), 2004 Edition: 429/600 |
|
Bonhams London: 9 December 2021
London, UK Estimated: GBP 25,000 – 35,000
|
| GBP 31,500 GBP 31,500 / USD 42,525 |
| Love Rat (unsigned), 2004 Edition: XXX/600 |
|
Tate Ward Auctions: 7 December 2021
London, UK Estimated: GBP 30,000 – 40,000
|
| GBP 37,500 GBP 37,500 / USD 50,250 |
| Love Rat (unsigned), 2004 Edition: XXX/600 |
|
Tate Ward Auctions: 17 November 2021
London, UK Estimated: GBP 30,000 – 40,000
|
| GBP 37,500 GBP 37,500 / USD 50,625 |
| Love Rat (unsigned), 2004 Edition: 201/600 DN |
|
Bonhams London: 22 September 2021
London, UK Estimated: GBP 25,000 – 35,000
|
| GBP 37,750 GBP 37,750 / USD 52,475 |
| Love Rat (unsigned), 2004 Edition: 203/600 DN |
|
Sotheby’s online: 17 September 2021
London, UK Estimated: GBP 26,000 – 35,000 |
| GBP 40,320 GBP 40,320 / USD 56,045 |
| Love Rat (unsigned), 2004 Edition: 260/600 |
|
Bonhams online: 29 June 2021
London, UK Estimated: GBP 30,000 – 50,000
|
| GBP 40,250 GBP 40,250 / USD 55,670 |
| Love Rat (unsigned), 2004 Edition: XXX/600 |
| Forum Auctions: 10 June 2021 London, UK Estimated: GBP 35,000 – 50,000 |
| GBP 43,000 (Hammer) GBP 57,620 / USD 81,820 |
| Love Rat (unsigned), 2004 Edition: 594/600 |
|
Phillips New-York: 20 April 2021
New-York, USA Estimated: USD 60,000 – 80,000
|
| USD 81,900 GBP 58,920/ USD 81,900 |
| Love Rat (unsigned), 2004 Edition: 141/600 |
|
Christie’s online: 1 April 2021
London, UK Estimated: GBP 30,000 – 50,000
|
| GBP 56,250 GBP 56,250 / USD 77,625 |
| Love Rat (unsigned), 2004 Edition: XXX/600 |
|
Tate Ward Auctions: 24 March 2021
London, UK Estimated: GBP 50,000 – 70,000
|
| GBP 68,750 GBP 68,750 / USD 95,565 |
| Love Rat (unsigned), 2004 Edition: 24/600 |
|
Sotheby’s online: 18 March 2021
London, UK Estimated: GBP 20,000 – 30,000 |
| GBP 63,000 GBP 63,000 / USD 87,570 |
| Love Rat (unsigned), 2004 Edition: XXX/600 |
| Forum Auctions: 5 March 2021 London, UK Estimated: GBP 40,000 – 60,000 |
| GBP 52,000 (Hammer) GBP 69,680 / USD 96,855 AUCTION RECORD PRICE FOR LOVE RAT (UNSIGNED) |
2020 Auction Results
| Love Rat (unsigned), 2004 Edition: XXX/600 |
|
Tate Ward Auctions: 24 November 2020
London, UK Estimated: GBP 50,000 – 70,000
|
| GBP 62,500 GBP 62,500 / USD 82,500 |
| Love Rat (unsigned), 2004 Edition: 14/600 |
|
Christie’s online: 23 September 2020
London, UK Estimated: GBP 12,000 – 18,000
|
| GBP 68,750 GBP 68,750 / USD 90,750 |
| Love Rat (unsigned), 2004 Edition: XXX/600 |
|
Tate Ward Auctions: 24 June 2020
London, UK Estimated: GBP 15,000 – 18,000
|
| GBP 30,000 GBP 30,000 / USD 37,300 |
| Love Rat (unsigned), 2004 Edition: XXX/600 |
|
Forum Auctions: 19 May 2020
London, UK Estimated: GBP 15,000 – 20,000
|
| GBP 18,000 (Hammer) GBP 24,120 / USD 29,550 |
| Love Rat (unsigned), 2004 Edition: XXX/600 |
|
Forum Auctions: 24 March 2020
London, UK Estimated: GBP 15,000 – 20,000
|
| GBP 18,500 (Hammer) GBP 24,790 / USD 29,210 |
2019 Auction Results
| Love Rat (unsigned), 2004 Edition: 449/600 |
|
Christie’s online: 24 September 2019
London, UK Estimated: GBP 10,000 – 15,000
|
| GBP 16,250 GBP 16,250 / USD 20,270 |
| Love Rat (unsigned), 2004 Edition: 173/600 |
|
Sotheby’s online: 19 September 2019
London, UK Estimated: GBP 10,000 – 15,000
|
| GBP 18,750 GBP 18,750 / USD 23,395 |
| Love Rat (unsigned), 2004 Edition: XXX/600 |
|
Forum Auctions: 26 June 2019
London, UK Estimated: GBP 12,000 – 18,000
|
| GBP 12,000 (Hammer) GBP 16,080 / USD 20,390 |
| Love Rat (unsigned), 2004 Edition: XXX/600 |
|
Forum Auctions: 23 May 2019
London, UK Estimated: GBP 12,000 – 18,000
|
| GBP 12,000 (Hammer) GBP 16,080 / USD 20,365 |
| Love Rat (unsigned), 2004 Edition: XXX/600 |
|
Sotheby’s online: 10 April 2019
Hong-Kong Estimated: HKD 60,000 – 80,000
|
| HKD 150,000 GBP 14,375 / USD 19,140 |
| Love Rat (unsigned), 2004 Edition: XXX/600 |
|
Forum Auctions: 27 February 2019
London, UK Estimated: GBP 12,000 – 18,000
|
| GBP 16,000 (Hammer) GBP 21,440 / USD 28,550 |
2018 Auction Results
| Love Rat (unsigned), 2004 Edition: XXX/600 |
|
Forum Auctions: 28 November 2018
London, UK Estimated: GBP 12,000 – 15,000
|
| GBP 13,000 (Hammer) GBP 17,576 / USD 22,425 |
| Love Rat (unsigned), 2004 Edition: 75/600 |
|
Forum Auctions: 26 November 2018
London, UK Estimated: GBP 7,000 – 9,000
|
| GBP 15,000 GBP 15,000 / USD 19,235 |
| Love Rat (unsigned), 2004 Edition: 542/600 |
|
Artnet Auctions: 27 June 2018
New-York, USA Estimated: USD 10,000 – 15,000
|
| USD 12,000 GBP 9,145 / USD 12,000 |
| Love Rat (unsigned), 2004 Edition: XXX/600 |
|
Chiswick Auctions: 20 June 2018
London, UK Estimated: GBP 10,000 – 12,000
|
| GBP 12,500 GBP 12,500 / USD 16,510 |
| Love Rat (unsigned), 2004 Edition: 368/600 |
|
Phillips London: 7 June 2018
London, UK Estimated: GBP 6,000 – 8,000
|
| GBP 15,000 GBP 15,000 / USD 20,140 |
Love Rat (signed)
2026 Auction Results
| Love Rat (signed), 2004 Edition: 69/150 |
|
Sotheby’s New-York: 27 February 2026
New-York, USA Estimated: USD 30,000 – 50,000 USD 76,800 |
| USD 76,800 GBP 56,340 / USD 76,800 |
2025 Auction Results
| Love Rat (signed), 2004 Edition: 112/150 |
|
Heritage Auctions: 16 July 2025
Dallas, USA No Estimates Provided |
| USD 75,000 GBP 56,820 / USD 75,000 |
2024 Auction Results
Love Rat (signed) did not sell at auction in 2024.
2023 Auction Results
Love Rat (signed) did not sell at auction in 2023.
2022 Auction Results
| Love Rat (signed), 2004 Edition: 74/150 |
|
Sotheby’s online: 17 August 2022
London, UK Estimated: GBP 40,000 – 60,000 |
| GBP 50,400 GBP 50,400 / USD 60,480 |
| Love Rat (signed), 2004 Edition: 82/150 |
|
Sotheby’s online, 26 April 2022
London, UK
Estimated: GBP 40,000 – 60,000 |
| GBP 88,200 GBP 88,200 / USD 111,130 |
2021 Auction Results
| Love Rat (signed), 2004 Edition: 90/150 |
|
Phillips London: 14 June 2021
London, UK Estimated: GBP 70,000 – 90,000 |
| GBP 94,500 GBP 94,500 / USD 134,190 |
2020 Auction Results
| Love Rat (signed), 2004 Edition: XXX/150 |
|
Tate Ward Auctions: 9 December 2020
London, UK Estimated: GBP 100,000 – 120,000 |
| GBP 137,500 GBP 137,500 / USD 194,250 AUCTION RECORD FOR LOVE RAT (SIGNED) |
| Love Rat (signed), 2004 Edition: 72/150 |
|
Sotheby’s online: 18 September 2020
London, UK Estimated: GBP 30,000 – 50,000 |
| GBP 100,800 GBP 100,800 / USD 132,050 |
| Love Rat (signed), 2004 Edition: 72/150 |
|
Phillips London: 23 January 2020
London, UK Estimated: GBP 20,000 – 30,000 |
| GBP 56,250 GBP 56,250 / USD 73,695 |
2019 Auction Results
| Love Rat (signed), 2004 Edition: 34/150 |
|
Sotheby’s online: 19 September 2019
London, UK Estimated: GBP 20,000 – 30,000 |
| GBP 43,750 GBP 43,750 / USD 54,590 |
| Love Rat (signed), 2004 Edition: 65/150 |
|
Heffel online: 25 April 2019
Toronto, CANADA Estimated: CAD 20,000 – 30,000 |
| CAD 58,250 GBP 34,600 / USD 43,175 |
2018 Auction Results
| Love Rat (signed), 2004 Edition: 86/150 |
|
Artnet Auctions: 27 September 2018
New-York, USA Estimated: USD 30,000 – 50,000 |
| USD 50,400 GBP 38,545 / USD 50,400 |
| Love Rat (signed), 2004 Edition: 126/150 |
|
Bonhams London: 26 June 2018
London, UK Estimated: GBP 15,000 – 25,000 |
| GBP 22,500 GBP 22,500 / USD 29,800 |
| Love Rat (signed), 2004 Edition: 75/150 |
|
Sotheby’s London: 20 March 2018
London, UK Estimated: GBP 6,000 – 8,000 |
| GBP 37,500 GBP 37,500 / USD 52,550 |
