Les deux coloris sur un même axe, année par année depuis 2018.
ChocolateStrawberry
Donut — lots sold by colourway
Combien d’exemplaires de chaque coloris sont passés en vente, année par année.
ChocolateStrawberry
Donut (chocolate) — median price and lots sold
Qualifying sales by year since 2018. Bars: median price. Line: number of lots sold.
Medians are computed on qualifying sales only — artist's proofs, colourways and other exceptional variants are excluded. A year with no bar had no qualifying sale.
Donut (chocolate) — price dispersion
Every qualifying sale since 2018, one dot per lot.
Where several lots sold at the same price, the dots are spread sideways so none is hidden behind another.
Donut (strawberry) — median price and lots sold
Qualifying sales by year since 2018. Bars: median price. Line: number of lots sold.
Medians are computed on qualifying sales only — artist's proofs, colourways and other exceptional variants are excluded. A year with no bar had no qualifying sale.
Donut (strawberry) — price dispersion
Every qualifying sale since 2018, one dot per lot.
Where several lots sold at the same price, the dots are spread sideways so none is hidden behind another.
Key Takeaways
Donut (Chocolate)
The auction history of Donut (Chocolate) reflects the market for one of Banksy’s more playful but conceptually pointed editions. Thirty-seven qualifying transactions have been recorded since 2018, providing a meaningful measure of liquidity. The absurd procession of police motorcycles escorting an enormous chocolate doughnut turns a mass-produced snack into an object of ceremonial importance—a concise joke about consumption, authority and the strange things society chooses to protect.
The edition experienced a sharp repricing during 2020 before reaching its market peak in 2021. The auction record was established at Sotheby’s online in March 2021, when an impression achieved £100,800. Numerous other strong results during the period demonstrate that the appreciation was not isolated, although the record clearly belongs to the exceptional speculative conditions of the pandemic-era Banksy market.
The correction after 2021 was substantial, with values progressively normalizing through 2022, 2023 and 2024. More recent figures indicate that this adjustment has continued. The median declined from £27,898 across two qualifying sales in 2025 to £21,730 across two sales in 2026, representing a further decrease of 22%. The limited number of annual transactions requires some caution, but both 2026 results fall below the previous year’s levels.
The most recent sale, at Forum Auctions in July 2026, achieved £23,720—approximately 24% of the historical peak and slightly above the current median. Despite the continued correction, Donut (Chocolate) retains meaningful collector support and currently trades at a modest premium to the latest Strawberry median. Its market is no longer propelled by spectacle, which is rather appropriate for an image devoted to mocking spectacle in the first place.
Donut (Strawberry)
Donut (Strawberry) forms the brighter and more visually exuberant half of the series. Like the Chocolate edition, it was issued in a signed edition of 299, and 37 qualifying transactions have been recorded since 2018. The two versions are compositionally identical, making their market histories especially useful for examining how color and immediate visual appeal influence collector behavior.
Strawberry was the stronger performer during the speculative expansion of 2020–2021. Its vivid coloring translated particularly well in online auction catalogues, and the edition reached a record of £120,600 at Forum Auctions in March 2021—the highest result achieved by either standard Donut colorway. Elevated results throughout the period confirmed a genuine market preference for Strawberry at the height of the boom.
That advantage has not proved permanent. The median fell from £46,900 across three qualifying sales in 2024 to £27,223 across two sales in 2025, representing a sharp decline of 42%. The most recent transaction, at Forum Auctions in December 2025, achieved £30,236, while no qualifying Strawberry example has yet been recorded in 2026. The small number of recent sales encourages caution, but the direction of travel is unmistakable.
The latest result represents approximately 25% of the historical peak, almost identical to the value retention of the Chocolate edition. The earlier Strawberry premium therefore appears to have been driven partly by speculative enthusiasm rather than by a permanent hierarchy between the two colorways. Both editions now occupy a strong middle position within Banksy’s print market, while the hand-finished VIP examples—issued in dramatically smaller numbers—belong to a separate trophy market and should not be used as direct comparables.
Donut (Strawberry)
2025 Auction Results
Forum AuctionsXXX/299
10 December 2025
UK
Est. GBP 24,000 – 26,000
GBP 23,000 (Hammer)
GBP 30,236
USD 40,425
Heritage Auctions259/299
30 October 2025
USA
USD 32,500
GBP 24,210
USD 32,500
2024 Auction Results
Artnet Auctions128/299
28 August 2024
USA
Est. USD 25,000 – 35,000
USD 62,500
GBP 47,380
USD 62,500
Forum AuctionsXXX/299
11 June 2024
UK
Est. GBP 28,000 – 35,000
GBP 26,000 (Hammer)
GBP 34,840
USD 44,420
Forum AuctionsXXX/299
30 January 2024
UK
Est. GBP 26,000 – 32,000
GBP 35,000 (Hammer)
GBP 46,900
USD 59,480
2023 Auction Results
Tate Ward AuctionsXXX/299
7 December 2023
UK
Est. GBP 25,000 – 35,000
GBP 33,600
USD 41,405
Forum AuctionsXXX/299
24 May 2023
UK
Est. GBP 30,000 – 40,000
GBP 34,000 (Hammer)
GBP 45,560
USD 56,345
Bonhams London224/299
29 March 2023
UK
Est. GBP 35,000 – 50,000
GBP 31,800
USD 39,150
Forum AuctionsXXX/299
31 January 2023
UK
Est. GBP 35,000 – 50,000
GBP 35,000 (Hammer)
GBP 46,900
USD 57,685
2022 Auction Results
Bonhams London281/299
13 December 2022
UK
Est. GBP 20,000 – 30,000
GBP 29,595
USD 36,620
Bonhams London221/299
20 October 2022
UK
Est. GBP 40,000 – 60,000
GBP 48,180
USD 54,380
Forum AuctionsXXX/299
25 April 2022
UK
Est. GBP 55,000 – 80,000
GBP 44,000 (Hammer)
GBP 58,960
USD 74,290
2021 Auction Results
Bonhams London132/299
11 November 2021
UK
Est. GBP 40,000 – 60,000
GBP 69,000
USD 93,150
Forum AuctionsXXX/299
13 July 2021
UK
Est. GBP 50,000 – 70,000
GBP 50,000 (Hammer)
GBP 67,000
USD 93,130
Bonhams online105/299
29 June 2021
UK
Est. GBP 50,000 – 70,000
GBP 69,000
USD 95,440
Phillips HK59/299
11 June 2021
Hong-kong
Est. HKD 300,000 – 500,000
HKD 819,000
GBP 74,650
USD 106,000
Christie's online184/299
1 April 2021
UK
Est. GBP 50,000 – 70,000
GBP 68,750
USD 94,875
Forum auctions110/299Auction Record
5 March 2021
UK
Est. GBP 65,000 – 80,000
GBP 90,000 (Hammer)
GBP 120,600
USD 167,635
Forum auctionsXXX/299
27 January 2021
UK
Est. GBP 60,000 – 80,000
GBP 65,000 (Hammer)
GBP 87,100
USD 119,325
Phillips London21/299
21 January 2021
UK
Est. GBP 40,000 – 60,000
GBP 75,600
USD 103,570
2020 Auction Results
Tate Ward AuctionsXXX/299
24 November 2020
UK
Est. GBP 55,000 – 65,000
GBP 75,000
USD 99,000
Bonhams London265/299
8 October 2020
UK
Est. GBP 30,000 – 50,000
GBP 75,062
USD 101,665
Forum AuctionsXXX/299
4 September 2020
UK
Est. GBP 40,000 – 60,000
GBP 60,000 (Hammer)
GBP 80,640
USD 106,685
Tate Ward AuctionsXXX/299
27 August 2020
UK
Est. GBP 40,000 – 45,000
GBP 55,000
USD 71,915
Bonhams London84/299
19 June 2020
UK
Est. GBP 20,000 – 30,000
GBP 40,062
USD 49,530
Sotheby's online263/299
26 March 2020
UK
Est. GBP 18,000 – 22,000
GBP 30,000
USD 36,640
2019 Auction Results
Sotheby's NY206/299
26 October 2019
USA
Est. USD 20,000 – 30,000
USD 32,500
GBP 25,335
USD 32,500
Tate Ward AuctionsXXX/299
2 October 2019
UK
Est. GBP 18,000 – 22,000
GBP 27,000
USD 33,185
Christie's online123/299
24 September 2019
UK
Est. GBP 20,000 – 30,000
GBP 40,000
USD 49,960
Sotheby's online85/299
19 September 2019
UK
Est. GBP 15,000 – 20,000
GBP 43,750
USD 53,595
Tate Ward AuctionsXXX/299
2 July 2019
UK
Est. GBP 20,000 – 25,000
GBP 22,500
USD 28,340
2018 Auction Results
Forum AuctionsXXX/299
28 November 2018
UK
Est. GBP 18,000 – 22,000
GBP 17,000 (Hammer)
GBP 22,984
USD 29,325
Sotheby's online114/299
26 November 2018
UK
Est. GBP 15,000 – 20,000
GBP 35,000
USD 44,875
Chiswick AuctionsXXX/299
21 September 2018
UK
Est. GBP 17,500 – 19,500
GBP 18,000
USD 23,520
Artnet Auctions103/299
22 May 2018
USA
Est. USD 20,000 – 30,000
USD 33,600
GBP 25,005
USD 33,600
Chiswick AuctionsXXX/299
27 March 2018
UK
Est. GBP 20,000 – 25,000
GBP 27,500
USD 38,940
Artnet Auctions194/299
13 February 2018
USA
USD 36,000
GBP 25,930
USD 36,000
Prior Years Auction Results
AuctionataXXX/299
5 December 2016
Germany
EUR 16,250
GBP 13,690
USD 17,400
Bonhams London280/299
16 November 2016
UK
GBP 16,250
USD 20,240
Forum AuctionsXXX/299
12 October 2016
UK
GBP 16,200 (Hammer)
GBP 21,902
USD 26,715
Bonhams London241/299
24 November 2015
UK
GBP 10,000
USD 15,055
Artnet Auctions142/299
31 March 2015
USA
USD 16,200
GBP 10,927
USD 16,200
Phillips London217/299
12 December 2013
UK
GBP 6,000
USD 9,795
Dreweatts289/299
27 June 2013
UK
GBP 3,000 (Hammer)
GBP 3,720
USD 5,665
Bonhams London101/299
29 March 2012
UK
GBP 5,625
USD 8,950
Dreweatts188/299
10 October 2011
UK
GBP 3,172
USD 4,975
Dreweatts255/299
29 September 2011
UK
GBP 3,120
USD 4,888
Artnet AuctionsXXX/299
28 July 2010
USA
USD 4,025
GBP 2,580
USD 4,025
Artnet AuctionsXXX/299
13 May 2010
USA
USD 4,600
GBP 3,135
USD 4,600
Artnet AuctionsXXX/299
2 February 2010
USA
USD 4,400
GBP 2,755
USD 4,400
Donut (Chocolate)
2026 Auction Results
Forum AuctionsXXX/299
15 July 2026
UK
Est. GBP 15,000 – 20,000
GBP 17,500 (Hammer)
GBP 23,720
USD 32,110
Forum AuctionsXXX/299
19 March 2026
UK
Est. GBP 20,000 – 25,000
GBP 15,000 (Hammer)
GBP 19,740
USD 26,390
2025 Auction Results
Bruun Rasmussen160/299
19 November 2025
Denmark
Est. DKK 200,000 and up
DKK 243,000
GBP 26,240
USD 35,225
SBI Art AuctionXXX/299
12 July 2025
Japan
Est. JPY 5,000,000 – 8,000,000
JPY 5,750,000
GBP 29,555
USD 39,015
2024 Auction Results
Artcurial67/299
6 November 2024
France
Est. EUR 25,000 – 35,000
EUR 34,112
GBP 29,370
USD 37,300
Christie's online69/299
1 October 2024
UK
Est. GBP 25,000 – 35,000
GBP 32,760
USD 43,570
2023 Auction Results
Sotheby's online145/299
26 September 2023
UK
Est. GBP 18,000 – 25,000
GBP 27,940
USD 33,985
Christie's online187/299
24 March 2023
UK
Est. GBP 40,000 – 60,000
GBP 56,700
USD 69,740
2022 Auction Results
New Auction185/299
26 November 2022
Japan
Est. JPY 7,000,000 – 12,000,000
JPY 9,775,000
GBP 57,640
USD 70,300
Sotheby's online162/299
17 August 2022
UK
Est. GBP 40,000 – 60,000
GBP 50,400
USD 60,480
Sotheby's online189/299
26 April 2022
UK
Est. GBP 40,000 – 60,000
GBP 69,300
USD 87,320
Christie's online272/299
15 March 2022
UK
Est. GBP 40,000 – 60,000
GBP 88,200
USD 116,425
Forum AuctionsXXX/299
3 February 2022
UK
Est. 50,000 – 80,000
GBP 64,000 (Hammer)
GBP 85,760
USD 117,490
2021 Auction Results
New AuctionXXX/299
6 November 2021
Japan
Est. JPY 6,000,000 – 9,000,000
JPY 11,155,000
GBP 72,880
USD 98,390
Christie's online183/299
23 September 2021
UK
Est. GBP 50,000 – 70,000
GBP 50,000
USD 69,500
Sotheby's NY105/299
23 July 2021
USA
Est. USD 60,000 – 80,000
USD 88,200
GBP 63,455
USD 88,200
Menzies181/299
30 June 2021
Australia
Est. AUD 100,000 – 150,000
AUD 119,045
GBP 64,525
USD 89,225
Bonhams online111/299
29 June 2021
UK
Est. GBP 50,000 – 70,000
GBP 75,250
USD 104,080
Christie's NY128/299
15 April 2021
USA
Est. USD 60,000 – 80,000
USD 81,250
GBP 58,455
USD 81,250
Intl Art Center40/299
30 March 2021
New-zealand
Est. NZD 70,000 – 100,000
NZD 181,905
GBP 92,480
USD 127,120
Tate Ward AuctionsXXX/299
24 March 2021
UK
Est. GBP 50,000 – 70,000
GBP 81,600
USD 111,940
Sotheby's online280/299Auction Record
18 March 2021
UK
Est. GBP 40,000 – 60,000
GBP 100,800
USD 140,110
Bonhams London270/299
25 February 2021
UK
Est. GBP 40,000 – 60,000
GBP 87,750
USD 123,890
Phillips London166/299
21 January 2021
UK
Est. GBP 40,000 – 60,000
GBP 69,300
USD 94,940
2020 Auction Results
Phillips HK61/299
4 December 2020
Hong-kong
Est. HKD 150,000 – 200,000
HKD 819,000
GBP 78,625
USD 105,675
Tate Ward AuctionsXXX/299
24 June 2020
UK
Est. GBP 32,000 – 36,000
GBP 45,000
USD 55,955
Artnet Auctions266/299
11 June 2020
USA
Est. USD 30,000 – 40,000
USD 45,600
GBP 34,545
USD 45,600
Sotheby's online163/299
26 March 2020
UK
Est. GBP 18,000 – 22,000
GBP 27,500
USD 33,335
Phillips London119/299
23 January 2020
UK
Est. GBP 18,000 – 22,000
GBP 37,500
USD 49,130
2019 Auction Results
Bonhams London71/299
12 December 2019
UK
Est. GBP 12,000 – 18,000
GBP 31,312
USD 41,115
Seoul Auction139/299
24 November 2019
Hong-kong
Est. HKD 200,000 – 340,000
HKD 283,200
GBP 28,165
USD 36,195
Christie's online89/299
24 September 2019
UK
Est. GBP 20,000 – 30,000
GBP 37,500
USD 46,840
Sotheby's online61/299
19 September 2019
UK
Est. GBP 15,000 – 20,000
GBP 23,750
USD 29,095
Forum AuctionsXXX/299
26 June 2019
UK
Est. GBP 18,000 – 22,000
GBP 19,000 (Hammer)
GBP 25,688
USD 32,605
Bonhams London120/299
13 June 2019
UK
Est. GBP 12,000 – 18,000
GBP 25,062
USD 31,775
2018 Auction Results
Forum AuctionsXXX/299
28 November 2018
UK
Est. GBP 18,000 – 22,000
GBP 17,000 (Hammer)
GBP 21,632
USD 27,600
Heritage Auctions267/299
22 October 2018
USA
USD 32,500
GBP 25,065
USD 32,500
Prior Years Auction Results
Forum Auctions NYXXX/299
12 December 2017
USA
USD 24,000 (Hammer)
USD 32,160
GBP 24,035
USD 32,160
Forum AuctionsXXX/299
5 December 2016
UK
GBP 14,500 (Hammer)
GBP 19,604
USD 24,915
Artnet Auctions207/299
19 May 2016
USA
USD 21,480
GBP 14,710
USD 21,480
Bonhams London82/299
14 July 2015
UK
GBP 8,750
USD 13,635
Artnet AuctionsXXX/299
22 October 2014
USA
USD 9,960
GBP 6,195
USD 9,960
Christie's London12/299
19 September 2013
UK
GBP 5,625
USD 9,025
Dreweatts221/299
3 July 2012
UK
GBP 3,660
USD 5,745
Artnet Auctions173/299
29 December 2011
USA
USD 4,315
GBP 2,805
USD 4,315
Dreweatts223/299
15 December 2010
UK
GBP 2,400
USD 3,745
Artnet AuctionsXXX/299
6 April 2010
USA
USD 4,600
GBP 3,020
USD 4,600
Donut (Hand-Finished (Choco))
2021 Auction Results
Forum AuctionsSIDE
14 December 2021
UK
Est. 80,000 – 120,000
Inscribed ‘Thanks Kevin ?’ in brown pencil
GBP 83,000 (Hammer)
GBP 111,220
USD 150,145
2020 Auction Results
Forum AuctionsXX/25Auction Record
7 December 2020
UK
Est. 80,000 – 120,000
XX/25
GBP 190,000 (Hammer)
GBP 254,600
USD 341,165
Donut (Hand-Finished (Straw))
2022 Auction Results
Sotheby's onlineAsideAuction Record
26 April 2022
UK
Est. GBP 110,000 – 150,000
With the artist’s heart annotation
GBP 277,200
USD 349,270
Prices are inclusive of buyer’s premium unless stated otherwise, as reported by the auction houses. “DN” stands for “Duplicate Number”.
Prices are hammer plus premium, in GBP, not adjusted for inflation. Only standard editions are included: artist’s proofs, special proofs, colorways and other exceptional variants are excluded, and signed and unsigned impressions are never combined. Medians are preferred to averages, which exceptional results distort. Figures are drawn from sales documented by Banksy Explained and are not an exhaustive record of the market. Compiled 3 September 2026.
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