Banksy works set for Bonhams Los Angeles Urban Art auction

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2015-06-26 11:19:36

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Banksy works set for Bonhams Los Angeles Urban Art auction

Banksy works set for Bonhams Los Angeles Urban Art auction

7 Aug 2012, 09:26 GMT+01

Following several successful sales in London, Bonhams have announced its inaugural Urban Art Sale in Los Angeles.

Scheduled for October 29, the sale will offer collectors the chance to acquire work from Banksy, Blek Le Rat, D*Face, Nick Walker and Beejoir.

"We are bringing the sale to Los Angeles because of the huge level of interest we have received from Californian collectors,” said Bonhams’ Urban Art specialist Gareth Williams. “Last year's critically acclaimed "Art in the Streets" exhibition at MoCA and the numerous sell-out shows by leading Urban artists, seems to have captured the public imagination here.”

Bonhams has held regular sales in London since 2008, helping to cultivate an emerging market and setting numerous World Record prices in recent years.

The Los Angeles auction will be headlined by three works by Banksy, whose name has become synonymous with the booming popularity of street art.

Topping the trio is ‘Winnie the Pooh’, depicting the famous bear with his foot caught in a bear trap, which appears with a pre-sale estimate of $50,000 - $80,000.

This will be sold alongside ‘Lenin on Rollerblades (Who Put the Revolution on Ice?)’, executed in 2003 and priced at $30,000 - $50,000, and Precision Bombing – one of Banksy’s most iconic and recognisable images – valued at $35,000 - $45,000.

Both these canvases were sourced in Bristol, U.K, where Bansky started out as part of the vibrant 1980s graffiti culture in the city.

Another Bristol-based artist, Nick Walker, will also feature in the auction – with the satirical work ‘21st Century Presidents’. The piece features the Mount Rushmore monument re-imagined with the heads of Paris Hilton, Britney Spears, Lindsay Lohan and Nicole Richie, and is estimated at $30,000 - $50,000.

Other notable names set to feature include the pioneering French artist Blek Le Rat, whose stencil work was an important influence on Banksy, D*Face and Beejoir.

 

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