09/29/2008
The Writing's on the Wall
As New York sign painting company puts up faux Banksy mural at Wooster and Grand in Soho, interest in graffiti art sinks at auction:
"Less than a third of the 270 lots found buyers at Lyon & Turnbull's sale, which was the latest gauge of demand for street art after prices surged to records in the last three years. Dealers said demand, reduced by worries about the economy and confusion about the authentication of Banksy's pictures, may be an ominous sign for the mainstream art market."
Posted 1:51 PM EST by Andy Towle in Art & Design, Auctions, London, New York, News | Permalink
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Banksy refused to authenticate these works because they had been taken from their original locations without his permission. He authenticates only ‘tags’ that are still ‘in-situ’ thereby discouraging any unathorized commercial speculation on his works. Similar to Keith Haring’s dismay that his subway chalk drawings were being stripped from their original locations and being sold on the market for astronomical sums. Banksy and Keith RULE!!!
Posted by: Bading | Sep 29, 2008 2:25:34 PM
C'mon, this bears absolutely no resemblance to Banksy's stencil-based graffiti work - just because some website invokes the name of someone well known and vaguely controversial in order to make a dull and pointless article sound more interesting doesn't mean other websites should perpetuate this form of parasitic self-promotion - the link doesn't even suggest that the sign-painting company was claiming the mural was Banksy-inspired, so what does any of this have to do with the mains story (unauthenticated Banksys fail to sell at auction, quelle surprise)?
Posted by: johnnzboy | Sep 29, 2008 3:22:01 PM
looks nothing like banksy. anyone that thought it did is a total idiot.
Posted by: sowhat | Oct 1, 2008 6:03:55 AM
I know for a fact that Banksy commissioned Colossal Media to do these.
Posted by: bob | Oct 3, 2008 10:55:05 AM