U.S. markets closed
  • S&P 500

    3,666.72
    -2.29 (-0.06%)
     
  • Dow 30

    29,969.52
    +85.73 (+0.29%)
     
  • Nasdaq

    12,377.18
    +27.82 (+0.23%)
     
  • Russell 2000

    1,848.70
    +10.67 (+0.58%)
     
  • Crude Oil

    45.76
    +0.12 (+0.26%)
     
  • Gold

    1,844.10
    +3.00 (+0.16%)
     
  • Silver

    24.18
    +0.04 (+0.18%)
     
  • EUR/USD

    1.2152
    +0.0003 (+0.02%)
     
  • 10-Yr Bond

    0.9200
    -0.0280 (-2.95%)
     
  • GBP/USD

    1.3460
    +0.0007 (+0.05%)
     
  • USD/JPY

    103.7810
    -0.0790 (-0.08%)
     
  • BTC-USD

    19,431.77
    -19.73 (-0.10%)
     
  • CMC Crypto 200

    382.19
    +7.79 (+2.08%)
     
  • FTSE 100

    6,490.27
    +26.88 (+0.42%)
     
  • Nikkei 225

    26,734.46
    -74.91 (-0.28%)
     

Banksy Artwork Sells for Nearly $10 Million

Jordan Rosenfeld
·2 min read
Mandatory Credit: Photo by Alastair Grant/AP/Shutterstock (10961697d)Member of staff poses in front of an artwork by Banksy entitled 'Show Me The Monet
Mandatory Credit: Photo by Alastair Grant/AP/Shutterstock (10961697d)Member of staff poses in front of an artwork by Banksy entitled 'Show Me The Monet

British artist Banksy, often known for high concept street art and graffiti, recently sold a painting at auction, titled, “Show Me the Monet,” that reimagines the famous impressionist painter Monet’s “Bridge Over a Pond of Water Lillies.” The painting sold for 7.6 million pounds, or just less than $10 million, in a nine-minute bidding war. It sold to an unnamed bidder at the esteemed auction house Sotheby’s. It beat out its presale estimate of $5 million pounds (or $6.5 million dollars).

Monet’s original painting, said to have been undertaken between 1897 and 1899, is one of a dozen he painted of the same Japanese bridge over his water garden near Giverny, France, at different times of day and year. Banksy’s take, which adds abandoned shopping carts and an orange traffic cone, has been described as “tongue-in-cheek” by CNN and considered as a possible commentary on environmental pollution.

Alex Branczik, Sotheby’s European head of contemporary art, said the work was one of the “strongest and most iconic” of Banksy’s works to go up for auction.

Banksy’s painting, oil on canvas painted in 2005, was part of a showcase titled, “Crude Oils: A Gallery of Re-mixed Masterpieces, Vandalism and Vermin” where the artist also reimagined famous works by other artists including Edward Hopper, Jack Vettriano and Vincent van Gogh.

Other works of Banksy’s have fetched similarly impressive prices. The graffiti-esque piece “Forgive Us Our Trespassing” sold for $8.3 million at Sotheby’s in Hong Kong last month and “Devolved Parliament” sold last year at Sotheby’s in London for 9.9 million pounds.