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Banksy painting "Devolved Parliament" of Primates sells for $10 million
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<p>[QUOTE="Mill Cove Treasures, post: 1003340, member: 60"]Banksy has been selling his work through auction houses and private dealers for some time. Here is a quote from an article about the shredding incident and how it ended up in the sale and on the wall. </p><p><br /></p><p><br /></p><p>"I’m told that <i>someone</i> from Banksy’s publicity team contacted Sotheby’s to sell the painting <i>Girl With a Balloon</i>, but that the consignment came with stipulations, more or less as follows: a. the painting had to be hung in the salesroom during the sale; b. it needed to be sold in the latter half of the proceedings; and, c. it wasn’t to be examined out of the frame. As it’s not the norm to hang a relatively inconsequentially valued painting in the room (the pre-sale estimate was £200,000 to £300,000) during an evening auction, the house replied no.</p><p><br /></p><p>The consignor countered by offering to pay a seller’s fee of around 5 percent. (That this person wasn’t automatically charged to place the work in the auction indicates that this was not a new relationship, and I’m told this PR liaison acts as a regular, go-to conduit for Banksy to feed art into the auction stream)."[/QUOTE]</p><p><br /></p>
[QUOTE="Mill Cove Treasures, post: 1003340, member: 60"]Banksy has been selling his work through auction houses and private dealers for some time. Here is a quote from an article about the shredding incident and how it ended up in the sale and on the wall. "I’m told that [I]someone[/I] from Banksy’s publicity team contacted Sotheby’s to sell the painting [I]Girl With a Balloon[/I], but that the consignment came with stipulations, more or less as follows: a. the painting had to be hung in the salesroom during the sale; b. it needed to be sold in the latter half of the proceedings; and, c. it wasn’t to be examined out of the frame. As it’s not the norm to hang a relatively inconsequentially valued painting in the room (the pre-sale estimate was £200,000 to £300,000) during an evening auction, the house replied no. The consignor countered by offering to pay a seller’s fee of around 5 percent. (That this person wasn’t automatically charged to place the work in the auction indicates that this was not a new relationship, and I’m told this PR liaison acts as a regular, go-to conduit for Banksy to feed art into the auction stream)."[/QUOTE]
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Banksy painting "Devolved Parliament" of Primates sells for $10 million
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