A summation of Banksy’s merit came in 2013. On the streets of New York City a surrogate street vendor set up a booth that offered genuine Banksy stencil and spray paint canvases for $60 each. These “originals” could have been worth a million through a gallery or auction house, but thousands people passed by the display without any interest at all. In the end there were 3 sales, including two pieces to a patron that demanded a discount off the already low price.
Once the truth came out, of course the works soared in value. The power of Name Brand Recognition kicked in to make these small purchases the equivalent of winning some weird lottery. Two of the canvases recent sold for $214,000.
So who got it right-the hordes of people walking by who saw nothing worth noticing, or the suckers who paid extravagant fees to possess a relic of someone’s networking skills?
(Source : Richard Bledsoe)
“Banksy is an England-based graffiti artist, political activist and film director of unverified identity. His satirical street art and subversive epigrams combine dark humour with graffitiexecuted in a distinctive stenciling technique. His works of political and social commentary have been featured on streets, walls, and bridges of cities throughout the world.” Wikipedia
For more artwork from Bransky, visit his page at Artsty.
