Market Report
Flag Auction Results
Updated August 2026
- Title
- Flag
- Printer & Publisher
- Pictures on Walls, London
- Editions
- Flag (Silver): 1,000 unsigned · Flag (Silver on Formica): 20 signed · Flag (Gold): 112 signed · Flag (Gold on Formica): 23 signed · Flag (Gold AP): 20 signed AP given to the Ghetto Crew
- Flag (Silver)
- Offset lithograph in black on silver metallic paper, 2006 · 50×70 cm (19 3/4 x 27 1/2 inches) · numbered in ink on verso with the publisher's blindstamp
- Flag (Gold)
- Screenprint in black and gold on smooth wove metallic paper, 2007 · 50×70 cm (19 1/2 x 27 1/2 inches) · signed in black felt-tip pen
The print
Flag
Key market statistics
Flag (silver)
71 transactions since 2018
Most recent sale
£11,552
Jul 2026 · Forum Auctions · XXX/1000
2026 median price
£9,580
over 4 qualifying sales
2025 median price
£9,488
over 6 qualifying sales
2025–2026 performance
+1%
change between the two published medians
Peak price
£49,210
Mar 2021 · Mallet Japan
Value retention
23%
most recent sale as a share of the peak price
Market charts
Flag (silver) — 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.
Flag (silver) — 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.
Flag (Silver)
2026 Auction Results
Forum AuctionsXXX/1000
15 July 2026
UK
Est. GBP 4,000 – 6,000
GBP 8,500 (Hammer)
GBP 11,552
USD 15,640
Phillips London647/1000
4 June 2026
UK
Est. GBP 5,000 – 7,000
GBP 9,675
USD 13,000
Mallet Japan780/1000
14 May 2026
Japan
Est. JPY 1,500,000 – 2,000,000
JPY 2,038,750
GBP 9,485
USD 12,810
Heritage Auctions487/1000
29 January 2026
USA
USD 11,875
GBP 8,600
USD 11,875
2025 Auction Results
Forum AuctionsXXX/1000
10 December 2025
UK
Est. GBP 5,000 – 7,000
GBP 4,800 (Hammer)
GBP 6,355
USD 8,495
Sotheby’s London838/1000
24 September 2025
UK
Est. GBP 7,000 – 9,000
GBP 11,430
USD 15,380
Tate Ward AuctionsXXX/1000
13 August 2025
UK
Est. GBP 6,000 – 8,000
GBP 7,280
USD 9,885
Tate Ward AuctionsXXX/1000
15 May 2025
UK
Est. GBP 7,000 – 9,000
GBP 9,600
USD 12,770
Christie’s online289/1000
1 April 2025
UK
Est. GBP 8,000 – 12,000
GBP 10,080
USD 13,025
Tate Ward AuctionsXXX/1000
19 March 2025
UK
Est. GBP 7,000 – 9,000
GBP 9,375
USD 12,150
2024 Auction Results
Tate Ward AuctionsXXX/1000
30 October 2024
UK
Est. GBP 7,000 – 9,000
GBP 9,375
USD 12,190
Forum AuctionsXXX/1000
29 October 2024
UK
Est. GBP 7,000 – 9,000
GBP 7,500 (Hammer)
GBP 10,050
USD 13,045
Sotheby’s online884/1000
26 September 2024
UK
Est. GBP 7,000 – 9,000
GBP 10,200
USD 13,575
Tate Ward AuctionsXXX/1000
18 September 2024
UK
Est. GBP 6,000 – 8,000
GBP 8,750
USD 11,365
Tate Ward AuctionsXXX/1000
19 June 2024
UK
Est. GBP 7,000 – 9,000
GBP 8,750
USD 11,155
Forum AuctionsXXX/1000
11 June 2024
UK
Est. GBP 6,000 – 8,000
GBP 7,000 (Hammer)
GBP 9,380
USD 11,960
Tate Ward AuctionsXXX/1000
20 March 2024
UK
Est. GBP 7,500 – 9,500
GBP 9,375
USD 11,890
2023 Auction Results
Mallet Japan377/1000
14 December 2023
Japan
Est. JPY 1,200,000 – 1,800,000
JPY 1,250,000 (Hammer)
JPY 1,456,250
GBP 8,055
USD 10,285
Christie’s online289/1000
28 September 2023
UK
Est. GBP 10,000 – 15,000
GBP 12,600
USD 15,395
SBI Art AuctionXXX/1000
15 July 2023
Japan
Est. JPY 1,200,000 – 1,800,000
JPY 2,530,000
GBP 13,920
USD 18,230
Sotheby’s online993/1000
20 April 2023
UK
Est. GBP 10,000 – 15,000
GBP 10,160
USD 12,650
Christie’s online648/1000
14 March 2023
UK
Est. GBP 10,000 – 15,000
GBP 13,860
USD 17,050
2022 Auction Results
Burstow & Hewett567/1000
25 August 2022
UK
Est. GBP 8,000 – 12,000
GBP 9,500 (Hammer)
GBP 12,350
USD 14,575
Sotheby’s online610/1000
17 August 2022
UK
Est. GBP 8,000 – 12,000
GBP 18,900
USD 22,680
Heritage Auctions454/1000
28 July 2022
USA
Est. USD 10,000 – 15,000
USD 22,500
GBP 18,295
USD 22,500
Forum AuctionsXXX/1000
19 July 2022
UK
Est. GBP 11,000 – 15,000
GBP 10,500 (Hammer)
GBP 14,070
USD 17,305
Mainichi AuctionXXX/1000
3 June 2022
Japan
Est. JPY 3,500,000 – 5,500,000
JPY 4,000,000 (Hammer)
JPY 4,660,000
GBP 28,935
USD 35,585
Bonhams London379/1000
27 April 2022
UK
Est. GBP 15,000 – 20,000
GBP 17,212
USD 21,685
2021 Auction Results
Tate Ward AuctionsXXX/1000
7 December 2021
UK
Est. GBP 15,000 – 18,000
GBP 18,000
USD 23,825
New AuctionXXX/1000
6 November 2021
Japan
Est. JPY 2,000,000 – 3,000,000
JPY 6,095,000
GBP 39,820
USD 53,760
Bonhams London505/1000
22 September 2021
UK
Est. GBP 18,000 – 25,000
GBP 21,500
USD 29,885
SBI Art AuctionXXX/1000
18 September 2021
Japan
Est. JPY 2,500,000 – 3,500,000
JPY 4,140,000
GBP 27,090
USD 37,655
Forum AuctionsXXX/1000
10 June 2021
UK
Est. GBP 20,000 – 30,000
GBP 22,000 (Hammer)
GBP 29,480
USD 41,860
Tate Ward AuctionsXXX/1000
26 May 2021
UK
Est. GBP 20,000 – 25,000
GBP 25,000
USD 35,510
Bonhams London521/1000
28 April 2021
UK
Est. GBP 20,000 – 30,000
GBP 25,250
USD 35,100
SBI Art AuctionXXX/1000
24 April 2021
Japan
Est. JPY 1,500,000 – 2,500,000
JPY 5,520,000
GBP 36,690
USD 51,000
Forum AuctionsXXX/1000
23 April 2021
UK
Est. GBP 28,000 – 35,000
GBP 28,000 (Hammer)
GBP 37,520
USD 52,155
Christie’s online690/1000
1 April 2021
UK
Est. GBP 15,000 – 25,000
GBP 32,500
USD 44,850
Tate Ward AuctionsXXX/1000
24 March 2021
UK
Est. GBP 20,000 – 30,000
GBP 25,000
USD 34,750
Mallet Japan472/1000Auction Record
20 March 2021
Japan
Est. JPY 3,000,000 – 4,000,000
JPY 6,400,000 (Hammer)
JPY 7,456,000
GBP 49,210
USD 68,400
Sotheby’s online322/1000
18 March 2021
UK
Est. GBP 7,000 – 9,000
GBP 32,760
USD 45,535
Forum Auctions893/1000
5 March 2021
UK
Est. GBP 10,000 – 15,000
GBP 20,000 (Hammer)
GBP 26,800
USD 37,250
Bonhams London578/1000
25 February 2021
UK
Est. GBP 18,000 – 25,000
GBP 37,750
USD 53,295
Heritage Auctions16/1000
10 February 2021
USA
USD 45,000
GBP 32,275
USD 45,000
Forum AuctionsXXX/1000
27 January 2021
UK
Est. GBP 25,000 – 35,000
GBP 32,000 (Hammer)
GBP 42,880
USD 58,745
2020 Auction Results
Bonhams London373/1000
10 December 2020
UK
Est. GBP 4,000 – 6,000
GBP 27,750
USD 38,640
Tate Ward AuctionsXXX/1000
9 December 2020
UK
Est. GBP 18,000 – 22,000
GBP 30,000
USD 40,165
Forum AuctionsXXX/1000
7 December 2020
UK
Est. GBP 8,000 – 12,000
GBP 23,000 (Hammer)
GBP 30,820
USD 41,265
Tate Ward AuctionsXXX/1000
24 November 2020
UK
Est. GBP 18,000 – 22,000
GBP 32,500
USD 43,385
Forum AuctionsXXX/1000
27 October 2020
UK
Est. GBP 10,000 – 15,000
GBP 33,000 (Hammer)
GBP 44,220
USD 59,115
Tate Ward AuctionsXXX/1000
14 October 2020
UK
Est. GBP 16,000 – 20,000
GBP 32,500
USD 42,325
Bonhams London792/1000
7 October 2020
UK
Est. GBP 4,000 – 6,000
GBP 31,312
USD 40,425
Christie's online436/1000
23 September 2020
UK
Est. GBP 5,000 – 7,000
GBP 35,000
USD 44,635
Sotheby's online108/1000
18 September 2020
UK
Est. GBP 5,000 – 7,000
GBP 44,100
USD 57,110
Tate Ward AuctionsXXX/1000
27 August 2020
UK
Est. GBP 11,000 – 13,000
GBP 20,000
USD 26,670
Sotheby's online197/1000
26 March 2020
UK
Est. GBP 4,000 – 6,000
GBP 11,875
USD 14,395
Christie's online430/1000
18 March 2020
UK
Est. GBP 4,000 – 6,000
GBP 7,500
USD 8,820
SBI Art AuctionXXX/1000
1 February 2020
Japan
Est. JPY 700,000 – 1,200,000
JPY 1,782,500
GBP 12,460
USD 16,450
2019 Auction Results
SBI Art AuctionXXX/1000
26 October 2019
Japan
Est. JPY 700,000 – 1,000,000
JPY 1,955,000
GBP 14,025
USD 17,990
Tate Ward AuctionsXXX/1000
2 October 2019
UK
Est. GBP 4,500 – 5,500
GBP 6,000
USD 7,375
Forum AuctionsXXX/1000
25 September 2019
UK
Est. GBP 4,000 – 6,000
GBP 4,500 (Hammer)
GBP 6,084
USD 7,515
Christie's online693/1000
24 September 2019
UK
Est. GBP 4,000 – 6,000
GBP 6,250
USD 7,805
Bonhams London163/1000
19 September 2019
UK
Est. GBP 3,000 – 5,000
GBP 7,562
USD 9,470
Sotheby's online694/1000
19 September 2019
UK
Est. GBP 3,000 – 5,000
GBP 10,625
USD 13,015
Chiswick AuctionsXXX/1000
11 June 2019
UK
Est. GBP 5,000 – 6,000
GBP 6,500
USD 9,270
Julien's Auction780/1000
25 April 2019
USA
Est. USD 8,000 – 10,000
USD 10,240
GBP 7,955
USD 10,240
Tate Ward AuctionsXXX/1000
10 April 2019
UK
Est. GBP 4,500 – 5,500
GBP 5,625
USD 7,365
Roseberys London540/1000
8 April 2019
UK
Est. GBP 2,500 – 3,500
GBP 5,500
USD 7,185
2018 Auction Results
Forum AuctionsXXX/1000
28 November 2018
UK
Est. GBP 4,500 – 5,500
GBP 3,800 (Hammer)
GBP 5,138
USD 6,555
Chiswick AuctionsXXX/1000
21 September 2018
UK
Est. GBP 4,000 – 5,000
GBP 4,000
USD 5,225
Forum AuctionsXXX/1000
21 March 2018
UK
Est. GBP 3,000 – 5,000
GBP 3,500 (Hammer)
GBP 4,592
USD 6,495
Prior Years Auction Results
Bonhams London344/1000
29 November 2017
UK
GBP 3,750
USD 5,040
ART+OBJECT106/1000
21 June 2017
New Zealand
GBP 3,915
USD 4,965
Forum AuctionsXXX/1000
21 March 2017
UK
GBP 5,138
USD 6,410
Bonhams NY392/1000
6 December 2016
USA
USD 2,000
GBP 1,575
USD 2,000
Tradart Deauville558/1000
16 August 2016
France
GBP 3,780
USD 4,930
Bonhams London272/1000
28 January 2015
UK
GBP 3,500
USD 5,310
Dreweatts229/1000
11 December 2012
UK
GBP 2,080
USD 3,350
Dreweatts573/1000
23 June 2011
UK
GBP 549
USD 875
Dreweatts901/1000
15 December 2010
UK
GBP 840
USD 1,310
Dreweatts420/1000
13 October 2010
UK
GBP 720
USD 1,140
DreweattsXXX/1000
18 September 2008
UK
GBP 800
USD 1,455
Dreweatts237/1000
19 March 2008
UK
GBP 1,000
USD 1,985
DreweattsXXX/1000
12 October 2007
UK
GBP 750
USD 1,525
Flag (Gold)
2025 Auction Results
Bonhams New-York21/112
25 November 2025
USA
Est. USD 24,000 – 34,000
USD 28,160
GBP 21,270
USD 28,160
2023 Auction Results
Christie’s online55/112
28 September 2023
UK
Est. GBP 20,000 – 30,000
GBP 27,720
USD 33,640
2022 Auction Results
Sotheby’s New-York40/112
3 October 2022
USA
Est. USD 40,000 – 60,000
USD 44,100
GBP 36,750
USD 44,100
Sotheby’s online60/112
26 April 2022
UK
Est. GBP 40,000 – 60,000
GBP 50,400
USD 63,505
2021 Auction Results
Sotheby’s Hong-Kong29/112
20 April 2021
Hkd
Est. HKD 200,000 – 400,000
GBP 70,070
USD 97,400
Christie’s online17/112
1 April 2021
UK
Est. GBP 40,000 – 60,000
GBP 52,500
USD 72,450
Sotheby’s online47/112
18 March 2021
UK
Est. GBP 15,000 – 20,000
GBP 56,700
USD 78,815
Forum AuctionsXXX/112
27 January 2021
UK
Est. GBP 50,000 – 70,000
GBP 48,000 (Hammer)
GBP 64,320
USD 88,120
2020 Auction Results
Bonhams London37/112
15 December 2020
UK
Est. GBP 10,000 – 15,000
GBP 56,500
USD 75,400
Bonhams London29/112Auction Record
8 October 2020
UK
Est. GBP 18,000 – 22,000
GBP 72,262
USD 95,780
Tate Ward AuctionsXX/112
12 May 2020
UK
Est. GBP 22,000 – 27,000
GBP 26,400
USD 33,025
Sotheby's online39/112
26 March 2020
UK
Est. GBP 12,000 – 18,000
GBP 32,160
USD 42,455
2019 Auction Results
Sotheby's online35/112
19 September 2019
UK
Est. GBP 15,000 – 20,000
GBP 27,500
USD 33,690
2018 Auction Results
Forum AuctionsXXX/112
28 November 2018
UK
Est. GBP 20,000 – 30,000
GBP 20,500 (Hammer)
GBP 27,716
USD 35,360
Prior Years Auction Results
Julien's AuctionsXXX/112
19 October 2017
USA
USD 19,200
GBP 14,600
USD 19,200
Bonhams London21/112
28 January 2015
UK
GBP 10,625
USD 16,115
Phillips London67/112
12 December 2013
UK
GBP 3,750
USD 6,125
Dreweatts64/112
27 June 2013
UK
GBP 4,550
USD 6,930
Phillips NY17/112
1 November 2012
USA
USD 5,250
GBP 3,255
USD 5,250
Bonhams London59/112
11 January 2011
UK
GBP 4,200
USD 6,560
Flag (Formica Silver)
2023 Auction Results
Bonhams London10/20
29 March 2023
UK
Est. GBP 30,000 – 50,000
GBP 38,100
USD 46,905
2022 Auction Results
Bonhams LondonAside
3 March 2022
UK
Est. GBP 40,000 – 60,000
Inscribed ‘4 Mat, Banksy AP’
GBP 69,000
USD 93,840
2021 Auction Results
Sotheby’s online15/20
18 March 2021
UK
Est. GBP 50,000 – 70,000
GBP 75,600
USD 105,085
2020 Auction Results
Artcurial7/20Auction Record
16 December 2020
France
Est. EUR 60,000 – 80,000
EUR 81,250
GBP 76,205
USD 102,880
Prior Years Auction Results
Forum AuctionsX/20
12 October 2016
UK
GBP 22,984
USD 28,030
Bonhams NY18/20
17 November 2015
USA
USD 18,750
GBP 12,325
USD 18,750
Digard Auctions7/20
1 June 2015
France
GBP 12,365
USD 18,795
Flag (Formica Gold)
2021 Auction Results
Sotheby’s online15/23Auction Record
18 March 2021
UK
Est. GBP 50,000 – 70,000
GBP 81,900
USD 113,840
2019 Auction Results
Digard AuctionsXX/23
8 April 2019
France
Est. EUR 30,000 – 35,000
EUR 39,000 (Hammer)
GBP 43,640
USD 57,070
Prior Years Auction Results
Digard ParisXX/23
11 June 2014
France
GBP 11,205
USD 18,815
Bonhams London19/23
17 April 2013
UK
GBP 8,750
USD 13,350
Flag (Ghetto Crew AP)
2021 Auction Results
Forum AuctionsXX/20Auction Record
2 September 2021
UK
Est. GBP 50,000 – 70,000
GBP 48,000 (Hammer)
GBP 64,560
USD 89,255
2019 Auction Results
Digard AuctionsXX/20
21 October 2019
France
Est. EUR 30,000 – 35,000
EUR 29,250
GBP 25,205
USD 32,615
Prior Years Auction Results
Forum Auctions NYXX/20
12 December 2017
USA
USD 24,335
GBP 17,945
USD 24,335
Christie's London4/20
10 April 2013
UK
GBP 4,375
USD 6,700
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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