Sydney buyerâs $300 Banksy the real deal â worth $150k A $300 Banksy print bought in 2003 has emerged as the art bargain of a lifetime, after it was revealed as an original â personally dropped off by the artist.
Art & Theatre by Elizabeth Fortescue, Arts Editor 4th May 2021 3:23 PM
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Subscriber only A Banksy screen print picked up at the MCA Store at Circular Quay for less than $300 in 2003 is estimated to fetch its lucky owner between $100,000 and $150,000 at auction this month, eclipsing Banksy s Australian auction record. Banksy s Love Is In The Air is number 450 of an edition of 500 printed in 2003, according to Smith and Singer auctioneers chairman Geoffrey Smith.
Sotheby s said the decision to accept cryptocurrency for physical payment followed on from the recent success of The Fungible Collection – the sale of non-fungible tokens bestowing ownership of digital artworks from designer Pak, which saw bids from more than 3,000 collectors, most of whom were first-time buyers with the auction house.
Its decision to accept cryptocurrency via Coinbase Commerce, a method for businesses to handle crypto payments, marks an important next step , the auction house said in a statement.
The Banksy painting has an estimate of $3 million-$5m for the auction, which is due to take place next Wednesday, May 12. Bidders can also pay in cash, Mr Stewart said.
A customer who a Banksy print for less than $300 in a Sydney museum shop
Banksy s artwork Love Is In The Air is expected to sell for up to $150,000
The artwork was bought from the Museum of Contemporary Art store in 2003
It is stamped and inscribed Banksy/ 450/500 Bansksy s Pest Control confirmed
Editions of the same work have sold recently in London for over $300,000
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