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
Auction Market Overview
WORK IN PROGRESS
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
Forum Auctions: 15 October 2025
Estimated: GBP 10,000 – 15,000
GBP 14,000 (Hammer)
GBP 18,428 / USD 24,695
BANKSY (b.1974)
Love Rat (unsigned), 2004
Screenprint in black and red on wove paper
Numbered from the edition of 600 with the publisher’s blindstamp
XXXXXXXXXX
Sotheby’s London: 24 September 2025
Estimated: GBP 10,000 – 15,000
GBP 19,050 / USD 25,630
BANKSY (b. 1974)
Love Rat (unsigned), 2004
Screenprint in colors on wove paper
Numbered in pencil 532/600 with the publisher’s blindstamp
XXXXXXXXXX
Sotheby’s London: 1 August 2025
Estimated: GBP 10,000 – 15,000
GBP 13,970 / USD 18,450
BANKSY (b. 1974)
Love Rat (unsigned), 2004
Screenprint in colors on wove paper
Numbered in pencil 192/600 with the publisher’s blindstamp
XXXXXXXXXX
Phillips London: 23 January 2025
Estimated: GBP 10,000 – 15,000
GBP 24,130 / USD 29,810
BANKSY
Love Rat (unsigned), 2004
Screenprint in colors on wove paper
Numbered 62/600 in pencil with the publisher’s blindstamp
2024 Auction Results
Tate Ward Auctions: 11 December 2024
Estimated: GBP 10,000 – 15,000
GBP 13,750 / USD 17,875
BANKSY (British 1974-)
Love Rat (unsigned), 2004
Screenprint in colors on wove paper
Numbered 402/600 in pencil
XXXXXXXXXX
Forum Auctions: 29 October 2024
Estimated: GBP 12,000 – 15,000
Hammer: GBP 13,000
GBP 17,420 / USD 22,610
BANKSY (b.1974)
Love Rat (unsigned), 2004
Screenprint in black and red on wove paper
Numbered from the edition of 600 with the publisher’s blindstamp
XXXXXXXXXX
Christie’s online: 1 October 2024
Estimated: GBP 12,000 – 18,000
GBP 12,600 / USD 16,760
BANKSY
Love Rat (unsigned), 2004
Screenprint in colors on wove paper
Numbered 62/600 in pencil with the publisher’s blindstamp
XXXXXXXXXX
Forum Auctions: 31 July 2024
Estimated: GBP 10,000 – 15,000
GBP 13,000 (Hammer)
GBP 17,420 / USD 22,300
BANKSY (b.1974)
Love Rat (unsigned), 2004
Screenprint in black and red on wove paper
Inscribed ‘DN’ and numbered from the edition of 600, with the publisher’s blindstamp
XXXXXXXXXX
Forum Auctions: 11 June 2024
Estimated: GBP 14,000 – 18,000
GBP 11,000 (Hammer)
GBP 14,740 / USD 18,795
BANKSY (b.1974)
Love Rat (unsigned), 2004
Screenprint in black and red on wove paper
Numbered from the edition of 600 with the publisher’s blindstamp
XXXXXXXXXX
Estimated: JPY 3,000,0000 – 5,000,000
JPY 3,910,000 / USD 24,910
Love Rat (unsigned), 2004
Screenprint
Numbered and embossed on the lower right from the edition of 600
Forum Auctions: 30 April 2024
Estimated: GBP 15,000 – 20,000
GBP 13,000 (Hammer)
GBP 17,420 / USD 21,775
BANKSY (b.1974)
Love Rat (unsigned), 2004
Screenprint in black and red on wove paper
Numbered from the edition of 600 with the publisher’s blindstamp
XXXXXXXXXX
Forum Auctions: 30 January 2024
Estimated: GBP 15,000 – 20,000
GBP 16,000 / USD 20,291 (Hammer)
GBP 21,440 / USD 27,190
BANKSY (b.1974)
Love Rat (unsigned), 2004
Screenprint in black and red on wove paper
Numbered from the edition of 600 with the publisher’s blindstamp
2023 Auction Results
LA Modern: 12 October 2023
Estimated: USD 20,000 – 30,000
USD 18,900
BANKSY
Love Rat (unsigned), 2004
Screenprint on wove paper
Numbered 77/600 in pencil with the publisher’s blindstamp, lower left
XXXXXXXXXX
SBI Art Auction: 15 July 2023
Estimated: JPY 3,000,000 – 5,000,000
JPY 6,095,000 / USD 43,915
BANKSY
Love Rat (unsigned), 2004
Screenprint
Numbered and embossed on the lower right from the edition of 600
XXXXXXXXXX
SBI Art Auction: 27 May 2023
Estimated: JPY 3,500,000 – 5,500,000
JPY 4,140,000 / USD 28,440
BANKSY
Love Rat (unsigned), 2004
Screenprint
Numbered and embossed on the lower right from the edition of 600
2022 Auction Results
Love Rat (unsigned) sold 8 times at auction in 2022 at an average price of GBP 45,132 (USD 58,191). It sold for its highest price at Christie’s online and world auction record on 15 March 2022 when it sold for GBP 69,300 (USD 91,476).
Christie’s online: 21 September 2022
Estimated: GBP 30,000 – 50,000
GBP 32,760 / USD 39, 310
BANKSY
Love Rat (unsigned), 2004
Screenprint in colors on wove paper
Numbered 136/600 in pencil with the publisher’s blindstamp, lower left
XXXXXXXXXX
Estimated: GBP 26,000 – 35,000
Love Rat (unsigned), 2004
Screenprint on wove paper
Christie’s online, 15 March 2022
Estimated: GBP 30,000 – 50,000
Love Rat (unsigned), 2004
Screenprint on wove paper
2021 Auction Results
Love Rat (unsigned) sold 15 times at auction in 2021 at an average price of GBP 48,268 (USD 66,736). It sold for its highest price of 2021 at Forum Auctions on 5 March 2021 when it sold for GBP 69,680 (USD 96,855).
Love Rat (unsigned), 2004
Screenprint on wove paper
Estimated: GBP 26,000 – 35,000
Love Rat (unsigned), 2004
Screenprint on wove paper
Estimated: GBP 20,000 – 30,000
Love Rat (unsigned), 2004
Screenprint on wove paper
XXXXXXXXXX
Estimated: GBP 40,000 – 60,000
GBP 52,000 (Hammer)
GBP 69,680 / USD 96,855
BANKSY (b.1974)
Love Rat (unsigned), 2004
Screenprint in colors on wove paper
Numbered from the edition of 600 in pencil with the publisher’s blindstamp
Love Rat (signed)
2026 Auction Results
Sotheby’s New-York: 27 February 2026
Estimated: USD 30,000 – 50,000
USD 76,800
BANKSY (b. 1974)
Love Rat (signed), 2004
Screenprint in colors on wove paper
Signed in pencil and dated ’05 (lower right)
Numbered 69/150 (lower left) with the publisher’s blindstamp
2025 Auction Results
Heritage Auctions: 16 July 2025
USD 75,000
BANKSY (b. 1974)
Love Rat (signed), 2004
Screenprint in colors on wove paper
Signed, dated, and numbered 112/150 in pencil along lower edge
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
Sotheby’s online: 17 August 2022
Estimated: GBP 40,000 – 60,000
GBP 50,400 / USD 60,480
BANKSY
Love Rat (signed), 2004
Signed and dated ‘2005’ in pencil, lower right
Numbered 74/150 in pencil with the publisher’s blindstamp, lower left
XXXXXXXXXX
Estimated: GBP 40,000 – 60,000
Screenprint on wove paper
2021 Auction Results
Phillips London: 14 June 2021
Estimated: GBP 70,000 – 90,000
GBP 94,500 / USD 134,190
BANKSY
Love Rat (signed), 2004
Screenprint in colors on wove paper
Signed, dated ’05’ and numbered 90/150 in pencil with the publisher’s blindstamp
2020 Auction Results
Estimated: GBP 100,000 – 120,000
AUCTION RECORD FOR LOVE RAT (SIGNED)
Love Rat (signed), 2004
Screenprint in colors on wove paper
