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.
Golf Sale (unsigned) — 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.
Golf Sale (signed) — 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.
Golf Sale (signed) — 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
Golf Sale (unsigned)
The auction history of Golf Sale unsigned reflects the market for a highly recognizable but comparatively accessible Banksy print. With 51 qualifying transactions recorded since 2018, the edition offers substantial liquidity. By transforming the lone protester confronting tanks in Tiananmen Square into a man advertising a golf sale, Banksy converts an image of historic courage into a bleak joke about distraction, consumerism and collective memory.
The edition experienced a pronounced expansion during 2020 and 2021 as demand for Banksy prints accelerated. The auction record was established at Christie’s online in September 2020, when an unsigned impression achieved £40,000. Although this result marked a dramatic departure from the edition’s earlier trading range, several other strong sales during the period confirmed that Golf Sale participated fully in the broader speculative repricing of Banksy’s market.
Prices corrected steadily after 2021, falling through 2022 and 2023 before settling predominantly between £6,000 and £11,000 during 2024 and 2025. The 2025 median stood at £8,375 across three qualifying sales. The only sale recorded in 2026 achieved £11,660 at Phillips London, implying an increase of 39%; however, because this figure is based on a single transaction, it should be treated as an encouraging result rather than evidence of a confirmed market recovery.
The latest sale represents approximately 29% of the historical peak. This indicates substantial post-boom repricing, but also relatively solid value retention compared with several other large unsigned Banksy editions. Golf Sale remains liquid, affordable and anchored by a composition whose historical reference gives it greater conceptual weight than its modest dimensions—or its deliberately cheap-looking placard—might initially suggest.
Golf Sale (signed)
The signed edition occupies a considerably narrower market. Only 150 impressions from the total edition of 750 were signed, and just ten qualifying transactions have been recorded since 2018. This limited supply supports a clear premium over unsigned examples, but it also makes annual statistics highly sensitive to the condition, provenance and presentation of individual impressions.
The signed market expanded dramatically between 2020 and 2021. An impression achieved £71,595 at Heritage Auctions in November 2020, before the auction record was established at Forum Auctions in April 2021 at £83,080. Further strong sales during 2021 confirmed that collectors were willing to pay a substantial premium for the signature during the height of the Banksy boom.
The correction became clearer as activity diminished after 2021. A signed impression sold for £30,000 in 2023, followed by a single qualifying result of £37,520 in 2024. The most recent sale, at Bonhams London in April 2025, achieved £28,160, representing a decline of 25% from the previous year. Because both annual figures are based on only one transaction—and no qualifying sale has occurred in 2026—the comparison is indicative rather than conclusive.
The latest result represents approximately 34% of the historical peak, modestly outperforming the unsigned edition’s value retention. The signature premium remains firmly established, although the market is now thinner and more selective than during the speculative peak. Golf Sale signed remains a desirable early Banksy edition, supported by genuine scarcity and one of the artist’s sharpest appropriations of a globally recognized historical image.
Golf Sale (unsigned)
2026 Auction Results
Phillips London183/750
22 January 2026
UK
Est. GBP 6,000 – 8,000
GBP 11,660
USD 15,685
2025 Auction Results
Sworders388/750
15 April 2025
UK
Est. GBP 5,000 – 8,000
GBP 4,800 (Hammer)
GBP 6,000
USD 7,920
Christie’s online510/750
1 April 2025
UK
Est. GBP 7,000 – 10,000
GBP 10,080
USD 13,025
LA Modern730/750 DN
18 March 2025
USA
Est. USD 10,000 – 15,000
USD 10,795
GBP 8,375
USD 10,795
2024 Auction Results
LA Modern728/750
10 October 2024
USA
Est. USD 10,000 – 15,000
USD 8,820
GBP 6,890
USD 8,820
Tate Ward Auctions163/750
18 September 2024
UK
Est. GBP 7,000 – 9,000
GBP 10,000
USD 12,990
Roseberys London424/750
4 September 2024
UK
Est. GBP 7,000 – 10,000
GBP 8,528
USD 10,915
Forum AuctionsXXX/750
30 April 2024
UK
Est. GBP 7,000 – 9,000
GBP 6,500 (Hammer)
GBP 8,710
USD 10,890
Christie’s online354/750
26 March 2024
UK
Est. GBP 7,000 – 10,000
GBP 8,190
USD 10,385
Roseberys London424/750
5 March 2024
UK
Est. GBP 10,000 – 15,000
GBP 11,152
USD 14,175
2023 Auction Results
Sotheby’s London525/750
26 September 2023
UK
Est. GBP 10,000 – 15,000
GBP 15,240
USD 18,535
Tate Ward Auctions178/750
14 September 2023
UK
Est. GBP 10,000 – 15,000
GBP 12,500
USD 15,510
Sotheby’s online525/750
20 April 2023
UK
Est. GBP 10,000 – 15,000
GBP 16,510
USD 20,550
2022 Auction Results
Bonhams London205/750
7 December 2022
UK
Est. GBP 15,000 – 20,000
GBP 17,850
USD 21,765
Heritage Auctions673/750
29 November 2022
USA
USD 25,000
GBP 20,500
USD 25,000
International Art Center428/750
29 November 2022
New-zealand
Est. NZD 45,000 – 65,000
NZD 36,000 (Hammer)
NZD 43,660
GBP 24,525
USD 29,900
Bonhams London550/750
20 October 2022
UK
Est. GBP 15,000 – 20,000
GBP 22,950
USD 25,900
Tate Ward AuctionsXXX/750
5 October 2022
UK
Est. GBP 14,000 – 16,000
GBP 18,750
USD 21,130
Sotheby’s online476/750
17 August 2022
UK
Est. GBP 10,000 – 15,000
GBP 30,240
USD 36,290
Sotheby’s online556/750
26 April 2022
UK
Est. GBP 15,000 – 20,000
GBP 25,200
USD 31,750
2021 Auction Results
Bonhams London230/750
22 September 2021
UK
Est. GBP 20,000 – 30,000
GBP 25,250
USD 35,100
Sotheby’s online449/750
17 September 2021
UK
Est. GBP 8,000 – 12,000
GBP 35,280
USD 49,040
International Art Center428/750
27 July 2021
New-zealand
Est. NZD 45,000 – 65,000
NZD 50,000 (Hammer)
NZD 60,635
GBP 24,525
USD 29,900
Forum AuctionsXXX/750
13 July 2021
UK
Est. GBP 10,000 – 20,000
GBP 18,000 (Hammer)
GBP 24,120
USD 33,525
Bonhams online524/750
29 June 2021
UK
Est. GBP 20,000 – 30,000
GBP 25,250
USD 34,925
Bonhams London321/750
28 April 2021
UK
Est. GBP 10,000 – 15,000
GBP 25,250
USD 35,100
Forum AuctionsXXX/750
23 April 2021
UK
Est. GBP 30,000 – 40,000
GBP 21,000 (Hammer)
GBP 28,140
USD 39,115
Christie’s online238/750
1 April 2021
UK
Est. GBP 20,000 – 30,000
GBP 32,500
USD 44,850
Sotheby’s online259/750
18 March 2021
UK
Est. GBP 10,000 – 15,000
GBP 37,800
USD 52,540
Heritage Auctions154/750
10 February 2021
USA
USD 52,500
GBP 37,770
USD 52,500
2020 Auction Results
Christie’s online603/750Auction Record
23 September 2020
UK
Est. GBP 5,000 – 7,000
GBP 40,000
USD 52,800
Sotheby’s online351/750
18 September 2020
UK
Est. GBP 7,000 – 10,000
GBP 37,800
USD 52,800
International Art Center363/750
30 June 2020
New-zealand
Est. NZD 15,000 – 20,000
NZD 45,000 (Hammer)
NZD 54,570
GBP 26,640
USD 35,170
SBI Art AuctionXXX/750
20 June 2020
Japan
Est. JPY 1,000,000 – 1,500,000
JPY 4,370,000
GBP 30,980
USD 40,890
Forum AuctionsXXX/750
19 May 2020
UK
Est. GBP 7,000 – 10,000
GBP 10,000 (Hammer)
GBP 13,400
USD 16,415
Sotheby’s online465/750
26 March 2020
UK
Est. GBP 4,000 – 6,000
GBP 13,750
USD 16,670
Artnet Auctions276/750
7 January 2020
USA
Est. USD 10,000 – 15,000
USD 10,800
GBP 8,180
USD 10,800
2019 Auction Results
SBI Art AuctionXXX/750
26 October 2019
Japan
Est. JPY 1,000,000 – 1,500,000
JPY 2,070,000
GBP 15,065
USD 19,050
Forum AuctionsXXX/750
25 September 2019
UK
Est. GBP 6,000 – 8,000
GBP 8,000 (Hammer)
GBP 10,720
USD 13,250
Christie's online635/750
24 September 2019
UK
Est. GBP 5,000 – 7,000
GBP 11,875
USD 14,810
Sotheby's London397/750
19 September 2019
UK
Est. GBP 5,000 – 7,000
GBP 9,375
USD 11,700
Tate Ward AuctionsXXX/750
2 July 2019
UK
Est. GBP 7,000 – 9,000
GBP 8,750
USD 11,020
Forum AuctionsXXX/750
26 June 2019
UK
Est. GBP 6,000 – 8,000
GBP 6,000 (Hammer)
GBP 8,040
USD 10,195
Forum AuctionsXXX/750
23 May 2019
UK
Est. GBP 6,000 – 8,000
GBP 6,000 (Hammer)
GBP 8,040
USD 10,180
Forum AuctionsXXX/750
27 February 2019
UK
Est. GBP 6,000 – 8,000
GBP 7,500 (Hammer)
GBP 10,050
USD 13,385
Forum AuctionsXXX/750
29 January 2019
UK
Est. GBP 5,000 – 7,000
GBP 9,000 (Hammer)
GBP 12,060
USD 15,860
Phillips London677/750
24 January 2019
UK
Est. GBP 3,000 – 5,000
GBP 6,250
USD 8,145
2018 Auction Results
Bonhams London243/750
5 December 2018
UK
Est. GBP 4,000 – 6,000
GBP 5,250
USD 6,690
Bonhams London438/750
4 July 2018
UK
Est. GBP 3,000 – 5,000
GBP 6,875
USD 9,090
Chiswick AuctionsXXX/750
20 June 2018
UK
Est. GBP 5,000 – 7,000
GBP 5,750
USD 7,595
Bonhams London639/750
28 March 2018
UK
Est. GBP 2,000 – 3,000
GBP 5,000
USD 7,055
Prior Years Auction Results
Forum Auctions NY150/750
12 December 2017
USA
USD 7,000 (Hammer)
USD 9,465
GBP 6,980
USD 9,465
Heritage Auctions474/750
6 November 2017
USA
USD 8,125
GBP 6,165
USD 8,125
Forum AuctionsXXX/750
6 July 2017
UK
GBP 5,500 (Hammer)
GBP 7,436
USD 9,640
ART+OBJECT256/750
21 June 2017
New Zealand
NZD 6,500 (Hammer)
GBP 4,625
USD 5,865
Artnet Auctions276/750
8 March 2017
USA
USD 9,120
GBP 7,490
USD 9,120
Sotheby's London457/750
30 September 2015
UK
GBP 4,375
USD 6,610
Dreweatts402/750
2 July 2015
UK
GBP 2,000 (Hammer)
GBP 2,480
USD 3,870
Phillips London465/750
11 June 2015
UK
GBP 3,250
USD 5,035
Dreweatts455/750
26 March 2015
UK
GBP 2,800 (Hammer)
GBP 3,472
USD 5,150
Dreweatts281/750
3 December 2014
UK
GBP 3,200 (Hammer)
GBP 3,968
USD 6,230
Shapiro Auctioneers679/750
25 August 2014
Australia
AUD 5,280
GBP 2,965
USD 4,910
Christie's London341/750
16 April 2014
UK
GBP 3,750
USD 6,300
Dreweatts402/750
27 June 2013
UK
GBP 2,200 (Hammer)
GBP 2,728
USD 4,155
Dreweatts62/750
11 December 2012
UK
GBP 3,100
USD 4,990
Christie's London263/750
19 April 2012
UK
GBP 2,000
USD 3,200
Artnet Auctions323/750
24 August 2010
USA
USD 2,875
GBP 1,860
USD 2,875
Wright391/750
10 December 2009
USA
USD 1,875
GBP 1,150
USD 1,875
Christie's London610/750
16 September 2009
UK
GBP 1,875
USD 3,090
Christie's London236/750
19 November 2008
UK
GBP 1,125
USD 1,680
Christie's London683/750
11 September 2008
UK
GBP 1,625
USD 2,845
Dreweatts323/750
3 July 2008
UK
GBP 1,876
USD 3,740
Bonhams London558/750
16 April 2008
UK
GBP 3,360
USD 6,590
Dreweatts201/750
19 March 2008
UK
GBP 1,340
USD 2,690
Dreweatts507/750
19 March 2008
UK
GBP 2,412
USD 4,845
Golf Sale (signed)
2025 Auction Results
Bonhams London90/750
16 April 2025
UK
Est. GBP 20,000 – 30,000
GBP 28,160
USD 37,170
2024 Auction Results
Forum AuctionsXXX/750
29 October 2024
UK
Est. GBP 25,000 – 35,000
GBP 28,000 (Hammer)
GBP 37,520
USD 48,700
2023 Auction Results
Tate Ward Auctions68/750
29 March 2023
UK
Est. GBP 25,000 – 30,000
GBP 30,000
USD 36,930
2021 Auction Results
Tate Ward Auctions93/750
7 December 2021
UK
GBP 37,500
USD 50,250
Bonhams online51/750
29 June 2021
UK
Est. GBP 40,000 – 60,000
GBP 50,250
USD 69,505
Forum AuctionsXXX/750Auction Record
23 April 2021
UK
Est. GBP 50,000 – 70,000
GBP 62,000 (Hammer)
GBP 83,080
USD 115,480
Sotheby’s online48/750
18 March 2021
UK
Est. GBP 15,000 – 20,000
GBP 56,700
USD 78,815
2020 Auction Results
Heritage Auctions89/750
11 November 2020
USA
USD 90,625
GBP 71,595
USD 90,625
2018 Auction Results
Bonhams London86/150
18 December 2018
UK
Est. GBP 12,000 – 18,000
GBP 16,250
USD 20,545
Forum AuctionsXXX/150
25 June 2018
UK
Est. GBP 12,000 – 18,000
GBP 13,000 (Hammer)
GBP 17,576
USD 23,330
Prior Years Auction Results
Bonhams LondonAside
18 December 2017
UK
Signed and dedicated with a heart, present box and initials 'HS' in pencil
GBP 15,000
USD 20,095
Forum AuctionsXXX/750
21 March 2017
UK
GBP 16,000 (Hammer)
GBP 21,632
USD 26,995
Forum AuctionsXXX/750
12 October 2016
UK
GBP 9,000 (Hammer)
GBP 12,168
USD 14,840
Bonhams London112/750
4 March 2015
UK
GBP 8,750
USD 13,355
Dreweatts83/750
28 March 2013
UK
GBP 4,288
USD 6,515
Christie's London98/750
9 April 2009
UK
GBP 1,875
USD 2,750
Dreweatts3/750
26 February 2009
UK
GBP 2,400
USD 3,440
Christie's London98/750
10 June 2008
UK
GBP 6,250
USD 12,332
Bonhams London27/750
5 February 2008
UK
GBP 13,199
USD 15,910
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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