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Item number art gallery 454399
Item number art edition 1439 5B
BANKSY (°1974) • extremely rare wall section - 5 panels
Che Guevara (2019-2020)
Category of rarity 5 stars *****extremely rare piece, unpublished on book The Walled off art editions are sold out!
(*findable **hard to find ***rare****very rare *****extremely rare piece made in very few pieces)
approx. 8,7 x 9,7 x 2,8 cm • 3 1/2 x 37/8 x 1 1/8 in (without base)
Made from polymer cast resin, hand-painted, on a base made of concrete.
Condition: in mint condition.
The number of this original edition was applied by hand to the underside of the object. The multiple come swith 2 certificate of authenticity: the Walled Off Hotel's original certificate of purchase (www.walledoffhotel.com) and a Certificate Of Autenticity signed by Marc Pairon, art expert and author of the art book BANKSY - THE WALLED OFF ART EDITIONS are SOLD OUT!, Charles Catteau Foundation, 2020.
The shape of this multiple was published in BANKSY - THE WALLED OFF ART EDITIONS are SOLD OUT!, Marc Pairon, Charles Catteau Foundation, 2020 (www.banksysoldout.com).
This multiple is a miniature reproduction of the Palestinian dividing wall, issued exclusively by Banksy's The Walled Off Hotel in Bethlehem (Palestine). The shapes were created by Banksy himself and manufactured in limited editions in England. The graffiti was applied under Banksy's authority and auspices by Palestinian artists. Each of the objects is unique, since they were painted by hand, each one containing different details and inscriptions.
The first rule for buying any work of art is buy it because you love it, if you're buying a Banksy artwork you as an investment it is clear where value of Banksy's artwork will go...but you must take attention about authenticity
The Walled Off Hotel
The Walled off editions are much rarer than most of Banksy's official silk-screen print that were published by POW at the time that now cost from eur 50000-400000 each.
In the Spring of 2017, a hundred years after the British took control of Palestine, Banksy's Walled Off Hotel opened to the world as 'a genuine art hotel with fully functioning ensuite facilities' in Bethlehem, Palestine.
Until 2020, the date of closing, it was possible to buy a limited number of specific souvenirs at the Walled Off Hotel's gift shop, namely decorated miniature multiples of the dividing wall. The Walled Off Hotel miniature editions are offered for sale by hotel from some three years only, from September 2017 to 2020, except for a long period of closure due 2020
These small works of graffiti art, which have since become much-coveted items, were only available to hotel guests, were allowed to buy only one item per person per overnight stay, the multiples were not always in stock and sometimes guests could choose from a dozen different ones while others time swas nothing available, given the irregular supply and the conscious arbitrariness.
With everything sold out at The Walled Off Hotel Gift Shop we'll need to turn to the secondary markets again. Purchases from the Walled Off Hotel shop come with a stamped hotel receipt for authentication, an essential part of any secondary sale.
Banksy Walled Off Hotel wall sculptures were cast in England and shipped to Palestine by Bankys studio and hand painted by local artists after directly Banksy supervision from England that implies that the number of decorated miniatures was restricted to quantity that Banksy wanted to make available for the purpose .
The great artistic themes of the Walled Off multiples pertained to miniature reproductions of existing murals and messages of resistance that had been applied in Palestinian territory. His motivations was to create local employment and to have the potential proceeds of these editions go to investments and initiative for benefit of the local population and more interest of the Israeli-Palestinian matters.
The pieces are unique, irrespective of the size of its edition, always on an aesthetic level and each object can be distinguished down to the minutest details.
Besides the rather simple free work, there are a number of unique pieces that appeal to the imagination showing combination of calls and symbolic values that are frequently found on the real wall of Bethlehem.
They have been produced in about 30 types and for each types no one knows how many pieces have been produced, such mysteriousness is simply part of Banksy myth and is cultivated by its guardians. They want to prevent the secondary market from getting even more overheated by providing detailed information about rarity of the objects, neverthless it is possible to get a good picture and has been estimated that it has been produced about 5000 pieces.
Marc Pairon is the author of the book The Walled Off Art Editions are sold out! and he has cataloged these type of artworks giving an estimation of rarity for each piece, infact exist common pieces made in many pieces and other very rare pieces made in very few pieces (1-3 pieces).
While the original cost was from 450NIS (New Israeli Shekel 1 NIS about 0,25 eur or 0,29 $) for simple pieces to 2750 NIS for a large defeated object with tower the cost on market is eur 1000-2000 for common pieces until eur 20000-30000 for rare pieces.
The market is full of reproduction of these type of artwork, many are clearly fakes but many are very good forgeries. Walled Off Hotel artworks aren't verified by Pest Control so determining authenticity can be trickier so don't be afraid to eek out as much information as possible on its provenance. Also at this time there are several fakes on market expecially from Israel priced more 10000 eur for more important piece, the problem is that some of them have already been sold.
Considering what happened at POW prints with PEST Control certificate of authenticity that in 17 years have increase value x2000 and x10000 (from about £75 to £500 issue price of POW in 2004 value at more £50000 for many types until more £400000... it is simple checking it go example at Sotheby's website and search in Sold lot the word Banksy) and considering that these prints have been produced about 50 types x 150-600 piece each total more 20000 pieces it is normal thinking where value of these 5000 pieces will go in next few years expecially the ones with Certificate Of Authenticity COA of expert Marc Pairon.
Considering that in the book there are the description of type and raririty (*findable **hard to find***rare ****very rare *****extremely rare piece made in very few pieces), expecially for the 4 stars and 5 stars category there is not the opportunity to buy them many times on market as the POW prints simply because there are very few pieces made and no others will be made.
Very few pieces are so rare that were not known where the first edition of Marc Pairon book has been published but they will be included in second edition.
Also considering that also in the same type all pieces are different in details (some more rich in details so more valuable) these group that is offered for sale came directly from the Marc Pairon collection and they have been chosen from the few available.
As published in book of Marc Pairon the Walled off editions are much rarer than most of Banksy's official silk-screen print that were published by POW at the time, this time after only a few weeks from Banksy record of The love is in the bin sold at over 22 million is the only moment to buy at good price these type of Banksy artwork, both for having it in your home both for investment.
In 2021 the Walled Off pieces are still the original Banksy editions that modest collectors could affort. Altough frequently produced in large numbers, prints or other issues of his work approved by him were already being traded at exorbitant prices on the art market.
This is unique opportunity to can buy some of the best choice of best pieces Banksy Walled Off hotel editions, I'm private collector who had bought some of them for many dozen thousands eur directly from Marc Pairon collection only few days before the auction of 14 october 2021 when the Love is in the bin from 4-6 million estimate sold at more eur 22 million because I had wanted bet on Banksy as investment without spending more eur 400000 for example for a POW print of the 150 or 600 piece edition of the Girl with a balloon because I can't effort it...(also if who can spend these sum of money I think has made very good investment spend before that auction that sum of money because in auction after the 14 october 2021 when one of 150 or 600 POW prints of The Girl with balloon will be auctioned again probably will be sold at one million eur...)
Ah...there are many other description after about Banksy works because many persons don't know exactly who is Banksy and what is example Pest Control, Dismland,ecc...elsewhere there is not explanation how many after Banksy works (example prints made by many private galleries but numbered but that are simple private editions of some Banksy works that each person that want can print made in thousands copies have sold at ebay or auctions for more1000-2000 eur or road signs with graffiti where the seller describe it as probably from Banksy also if each person can made graffiti on them sold at more 20-30000 eur!)
The authenticity problem
Prints
The main issue with buying Banksy prints online is determining authenticity. Are you buying a legit Banksy or making a very expensive mistake?
The absolute safest way is to only buy from official Banksy outlets, POW, meant Pictures on Walls that since 2003 sold many Banksy's prints but since several years has closed.
These POW prints can be authenticated from Pest Control, the sole point of contact for Banksy. Their Keeping it Real service gives buyers the opportunity to check authenticity before parting with their cash. If the seller already has a certificate of authenticity (COA) Pest Control will run it against their database, if the seller doesn't have a COA they can apply to have it verified for a fee.
Pest Control only authenticates commercial work. Only when the work of art was sold to be owned and not created for all will they do their magic. If your collection happens to include a neat street sign or Di-Faced Tenner, you're all out of luck. Pest Control won't help you authenticate it. This is due to the simple reason that Banksy has said that his non-commercial work should not be owned by any.
For initial research Banksy unofficial do a nice job of cataloging Banksy's print releases by year, with 50 motifs in total and each motif has been produced in about 150 to 600 pieces each and there is a number on each print.
In London Lazarides Gallery, run by Steve Lazarides, Banksy's de facto agent for 11 years started outselling Banksy screen prints for just £25, most of those POW prints are now worth several thousands of pounds and each year they grow exponentially value.
One of more expensive POW print is Girl with balloon produced in 150 copies that from about £100 in 2010 has been auctioned through the years growing from £10000 to £15000 to £50000 to $150000 to £300000 to £400000 in 2020
https://www.sothebys.com/en/buy/auction/2020/banksy-online/banksy-girl-with-balloon-colour-ap-dark-pink
http://www.sothebys.com/en/buy/auction/2020/banksy/banksy-girl-with-balloon
The original Bansky Girl with balloon has sold £1,042,000 in 2018 at Sotheby's auction
http//www.sothebybys.com/en/auctions/ecatalogue/2018/contemporary-art-evening-auction-l18024/lot.67.htmland Love is in the bin at Sotheby's auction 14/10/2021 has sold formore eur 22 million
So nowdays for buy one of a about 50 types of original POW print each printed in 150-600 copies each are needed at least £50000-60000 for some types to more £200000-400000 for most collected types.
On the market there are many thousands of prints produced by private editors often numbered that cost from few eur to many hundreds eur and they can be bought because you love them.
Love is in the bin
We all know what happened to Banksy 2006 painting of ‘Girl with Balloon’ right after it was sold atauction for a record £1,042,000 in 2018.
Love is in the Bin is a 2018 art intervention by Banksy at Sotheby's London, with an unexpected self-destruction of his 2006 painting of Girl with Balloon immediately after it was sold at auction for a record £1,042,000.According to Sotheby's, it is " the first artwork in history to have been created live during an auction."
Its next stop was four weeks at the Frieder Burda Museum in Baden-Baden, Germany and then painting has been on permanent loan to the Staatsgalerie Stuttgart since March 2019.
14/10/2021 Love is in the Bin has been auctioned by Sotheby's with estimated price from £4-6 million and sold for more eur 22 million
Dismaland
In Autumn 2015, Banksy transformed a disused lido on Weston-super-Mare's seaside pier into Dismaland – the "family theme park unsuitable for children." This Dazed and Confused article, written three years later, does a nice job of reflecting with locals on the impact and legacy of the event that drew the world's media and over 200,000 visitors in just thirty six days.
Many of those visitors left with a Dismaland themed item or two and some of those end up on market. But please be careful, there are lots of items purporting to be Banksy artworks, currency or original prints from Dismaland and they're just not.
Gross Domestic Product
Gross Domestic Product was set up in 2019 as ‘The homewares brand for Banksy’. A pop-up shop of the same name was set up in Croydon displaying Banksy's artworks 'for display purposes only'.
‘Availability will be limited’ was an epic understatement when the online store went live. Collectors were only allowed to buy one artwork and answer the question 'why does art matter?'.
The most famous artworks sold are Welcome Mats, hand-stitched welcome mat using the fabric from lifevests abandoned on the beaches of the Mediterranean, sold first in 500 numbered pieces and followed of others more 3000 pieces that on secondary market cost about £5000 for first edition and less for the second and third edition.
From Gross Domestic Product also are available multiple prints of a Rat and of a Thrower flowers print shanded out free at random time outside the shop that are sold from eur 3000 to eur 10000 also if the market is full of reproductions of these types. The original are printed on 50gsm paper so the paper has naturally occurring waves from the screen printing process.
Posters
Original Banksy screen prints for less than five or six figure sums are largely a thing of the past so many collectors have turned to Banksy posters from exhibitions and events. Prices are more in the three to four figure range making them a more affordable way to own a Banksy themed artwork you love. When it comes to buying Banksy posters eBay is king. Posters aren't verified by Pest Control so determining authenticity can be trickier so don't be afraid to eek out as much information as possible on its provenance. 53071949
