Banksy's Abe Lincoln to see $50,000 with Neal Auction Company



2015-06-26 13:20:26

Banksy's Abe Lincoln to see $50,000 with Neal Auction Company

Banksy's depiction of a homeless Abe Lincoln was inspired by Hurricane Katrina

A superb and rare Banksy work depicting Abraham Lincoln will sell as part of Neal Auction Company's July 13-14 Summer Estates Auction in New Orleans.

Banksy Abraham Lincoln There are three works in Banksy's Abraham Lincoln series, each of them different

The piece, which was created using spray paint on cardboard and is part of a varied series of three, will sell with a $30,000-50,000 estimate.

Banksy visited New Orleans in 2008, three years after Hurricane Katrina had hit the city and destroyed much of its architecture.

Leaving a trail of tags and artworks laced with social commentary in his wake, he created a large version of the homeless Abraham Lincoln stencil at a major intersection, which has now been destroyed.

The present workwas created for a friend that he was visiting while in New Orleans, who has consigned it to the sale.

Another, different piece from the same Abraham Lincoln series sold for $68,500 at Sotheby's in March 2011, making a 128.3% increase on its $30,000 high estimate.

Banksy's work has continued to see strong results at auction recently, with a limited edition screen print of his celebrated piece Love is in the Air making an impressive $248,776 at Bonhams- a 63.2% increase on estimate.

Following the Bonhams sale, contemporary art specialist Alan Montgomery commented: "Prices for spray paint canvases by Banksy in our recent auctions demonstrate that his works are more popular than ever with high-profile art collectors, reflecting the continuing fascination with his art amongst the public as a whole."

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