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Banksquiat, 2019

BY
Banksquiat (Black), 2019
Edition: 300 signed
In this homage to Basquiat, Banksy offers a mirror to his own practice of appropriation as well as that of the endless wheel of capitalism and consumerism in which masterpieces are massively reproduced on tee shirts or rehashed for advertising campaigns.

Banksquiat (Grey), 2019
Edition: 300 signed
Banksquiat depicts a Ferris wheel in which all the carriages have been replaced by Basquiat’s famous crown motif. By referencing Basquiat so openly, Banksy seems to be aligning himself with the tradition of street art as high art, which arguably has its origins in the work of Basquiat whose career was launched by his many interventions in the urban environment. Banksy makes further reference to street art history by choosing to print his design in grey with the crowns outlined in a chalky white against a black ground. This clearly refers to another icon of street, Keith Haring, who started his career with a series of subway drawings, rendered in chalk on empty advertising panels in the New York Metro system.
 

Banksquiat comments on the excesses of late capitalism that allows artworks to be commodified. At the same time, there is a paradox at play; in order for art to be accessible to all – which is perhaps central to Banksy’s mission as an artist, as well as that of Haring and even also Basquiat – art must be reproduced and shared rather than held ransom by a handful of the elite who own the original artwork or the intellectual property. In this way, Banksy cleverly comments on, as the original website description puts it, “the relentless commodification of Basquiat in recent times – by crassly adding to the relentless commodification of Basquiat in recent times.”

This commodification of artworks was exemplified by the opening of Gross Domestic Product itself, which began life as a showroom in Croydon in October 2019, intended to publicize the launch of a new online Banksy “homewares brand.” While thousands of fans attempted to buy something from the store, many were disappointed as they found that GDP did not operate as a traditional retail model but instead required the prospective buyer to enter a lottery system in order to acquire one of the products. In this way, Banksy opened the floodgates to the commodification of his own work while still retaining a certain amount of control over who his primary sales went to.

DESCRIPTION

Banksquiat

Year: 2019
Medium: Screen-print on black or grey board
Size: 70×70 cm (27 1/2 x 27 1/2 inches)
Publisher: Banksy, Gross Domestic Product

Editions

Banksquiat (Black): 300 signed
Banksquiat (Grey): 300 signed

AUCTION RESULTS

Banksquiat sold 7 times at auction in 2024 for an average price of GBP 47,582 (USD 61,010). Banksquiat sold for its highest price of 2024, at Phillips in London on 17 January 2024, for GBP 60,960 (USD 77,311).

Banksquiat sold 3 times at auction in 2023 for a total turnover of USD 278,500 at an average price of USD 92,833, all at Phillips in New-York. It sold for its highest price of 2023 on 15 February for 113,400.

Banksquiat sold 7 times at auction in 2022 for a total turnover of GBP 669,020 (USD 813,369) at an average price of GBP 95,574 (USD 116,196). It sold for its highest price in 2022 and world auction record of GBP 163,800 (USD 216,216) at Christie’s online on 15 March 2023.

Banksquiat sold twice at auction in 2021 at Tate Ward Auction. Banksquiat (Black) sold on 29 September 2021 for GBP 100,000 (USD 139,000). Banksquiat (Grey) sold on 24 March 2021 for GBP 103,750 (USD 144,215).

Banksquiat sold twice at auction in 2020 at Tate Ward Auction. Banksquiat (Black) sold on 27 August 2020 for GBP 127,300 (USD 168,035). Banksquiat (Grey) sold on 14 October 2020 for GBP 105,000 (USD 138,600).

Banksquiat was initially sold in the primary market through Gross Domestic Product, against a commitment not to sell in the secondary market for three years. However, Tate Ward Auctions started to sell those at auction since August 2020. Pest Control Office has now issued Certificates of Authenticity for those works. 

2025 Auction Results

Sotheby’s online: 26 March 2025
Estimated: GBP 30,000 – 50,000
GBP 40,640 / USD 42,426

BANKSY (b. 1974)
Banksquiat (Black), 2019
Screenprint in colors on black card
Signed in white crayon and numbered 54/300, with the artist’s blindstamp

2024 Auction Results

Banksquiat sold 7 times at auction in 2024 for an average price of GBP 47,582 (USD 61,010). Banksquiat sold for its highest price of 2024, at Phillips in London on 17 January 2024, for GBP 60,960 (USD 77,311).

 


Forum Auctions: 4 December 2024
Estimated: GBP 35,000 – 45,000
Hammer: GBP 33,000
GBP 44,220 / USD 57,400

BANKSY (b.1974)
Banksquiat (Black), 2019
Screenprint in colors on black card
Signed in white crayon, numbered from the edition of 300 with the artist’s blindstamp

LA Modern: 3 December 2024
Estimated: USD 50,000 – 70,000
USD 50,400

BANKSY (b.1975)
Banksquiat (Black), 2019
Screenprint in colors
Signed and numbered to lower edge ‘221/300 Banksy’

LA Modern: 10 October 2024
Estimated: USD 40,000 – 60,000
USD 47,880

BANKSY (b.1975)
Banksquiat (Grey), 2021
Screenprint on card
Signed and numbered to lower edge ‘99/300 Banksy’ with publisher’s blindstamp

Christie’s online: 1 October 2024
Estimated: GBP 30,000 – 50,000
GBP 40,320 / USD 53,626

BANKSY
Banksquiat (Black), 2019
Screenprint in colors on black card
Signed and numbered 272/300 in grey crayon with the artist’s blindstamp

Tate Ward: 19 June 2024
Estimated: GBP 40,000 – 60,000
GBP 50,000 / USD 63,750

BANKSY (British 1974-)
Banksquiat (Black), 2019
Screenprint in colors on card
Signed and numbered from an edition of 300 in pencil

Christie’s online: 26 March 2024
Estimated: GBP 30,000 – 50,000
GBP 60,480 / USD 76,702

BANKSY
Banksquiat (Black), 2019
Screenprint in colors on black card
Signed and numbered 251/300 in grey pencil

Phillips London: 17 January 2024
Estimated: GBP 30,000 – 50,000
GBP 60,960 / USD 77,203

BANKSY
Banksquiat (Grey), 2019
Screenprint in colors on grey card
Signed and numbered 152/300 in white pencil with the artist’s blindstamp

2023 Auction Results

Banksquiat sold 3 times at auction in 2023 for a total turnover of USD 278,500 at an average price of USD 92,833, all at Phillips in New-York. It sold for its highest price of 2023 on 15 February for 113,400.

Phillips New-York: 26 October 2023
Estimated: USD 40,000 – 60,000
USD 57,150

BANKSY
Banksquiat (Black), 2019
Screenprint in colors on black card
Signed and numbered 195/300 in white pencil

Phillips New-York: 16 May 2023
Estimated: USD 80,000 – 120,000
USD 107,950

BANKSY
Banksquiat (Grey), 2019
Signed “Banksy” in grey crayon, lower right
Numbered “73/300” in grey crayon, lower left

Phillips New-York: 5 February 2023
Estimated: USD 60,000 – 80,000
USD 113,400
HIGHEST PRICE AT AUCTION FOR BANKSQUIAT IN 2023

BANKSY
Banksquiat (Grey), 2019
Screen-print in colors on grey card
Signed in white pencil, lower right
Numbered 264/300 in white pencil with the artist’s blindstamp, lower left

 2022 Auction Results

Banksquiat sold 7 times at auction in 2022 for a total turnover of GBP 669,020 (USD 813,369) at an average price of GBP 95,574 (USD 116,196). It sold for its highest price in 2022 and world auction record of GBP 163,800 (USD 216,216) at Christie’s online on 15 March 2023.

 

Forum Auctions: 8 November 2022
Estimated: GBP 60,000 – 80,000
GBP 58,000 (Hammer)
GBP 77,720 / USD 90,089

BANKSY (b. 1974)
Banksquiat (Black), 2019
Screenprint in colors on black card
Signed in white crayon, numbered from the edition of 300, with the artist’s blindstamp

Tate Ward Auctions: 1 September 2022
Estimated: 60,000 – 80,000
GBP 75,000 / USD 86,505

BANKSY (British 1974-)
Banksquiat (Black), 2019
Screenprint in colors on black card
Signed and numbered from an edition of 300 in pencil

Sotheby’s online: 17 August 2022
Estimated: GBP 80,000 – 120,000
GBP 88,200 / USD 105,840

BANKSY
Banksquiat (Black), 2019
Screenprint in colors on black card
Signed in white crayon, lower right
Numbered 222/300 in white crayon, with the artist’s blindstamp, lower left

Bonhams London: 29 June 2022
Estimated: GBP 80,000 – 120,000
GBP 101,100 / USD 124,353

BANKSY
Banksquiat (Grey), 2019
Screen-print in colors on grey card
Signed in white crayon, lower right
Numbered 218/300 in white crayon, lower left

Christie’s online: 15 March 2022
Estimated: GBP 80,000 – 120,000
GBP 163,800 / USD 216,216
AUCTION RECORD FOR BANKSQUIAT

BANKSY
Banksquiat (Grey), 2019
Screen-print in colors on grey card
Signed in white crayon, lower right
Numbered 216/300 in white crayon, lower left

 2021 Auction Results

Banksquiat sold twice at auction in 2021 at Tate Ward Auction. Banksquiat (Black) sold on 29 September 2021 for GBP 100,000 (USD 139,000). Banksquiat (Grey) sold on 24 March 2021 for GBP 103,750 (USD 144,215).
Tate Ward Auction: 29 September 2021

GBP 100,000 / USD 139,000

BANKSY
Banksquiat (Black), 2019
Screenprint in colors on black card
Signed and numbered XXX/300
Tate Ward Auction: 24 March 2021
GBP 103,750 / USD 144,215

BANKSY
Banksquiat (Grey), 2019
Screen-print in colors on grey card
Signed and numbered XXX/300
 

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