After the positive review and Oscar nomination of the film Exit Through the Gift Shop, the hype had given Banksy a big fat raise reportedly of 25% over their presale estimates. Sotheby’s of London sold “Heavy Weaponry”, a painting of an elephant with a machine gun strapped to its back, for £82,250 (about $135,000) last week. It had been estimated to sell for £18,000. What was even funnier was that the Academy of Motion Pictures Arts of Sciences released a statement on February 27th saying that this alleged Oscar nomination for Best Documentary was a hoax! Regardless, this just further brings out the vulnerability of blogging; as the authenticity of information coming from an unidentified street artist is very hard to prove—till this day we still don’t know who Banksy is.
Now how is it possible to sell art that is pasted onto street walls for free, you might say. Do these ‘dealers’ go around ripping his pasting off the wall? Where would this auction even take place? How To Sell A Banksy answers these questions, at the same time raises questions of ownership, authentication and the true value of art itself. The film’s release date is yet to be announced, so stay tuned as we give you a follow up. If you are looking for a streetwear watch then checkout our full range on Nuwatches all available with free delivery and 30 day money back guarantee. Or if you have the cash why not buy a real Banksy