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Paranoid Pictures - Unsigned Spray Paint by Banksy 2008 - MyArtBroker

Paranoid Pictures
Unsigned Spray Paint

Banksy

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30 x 30cm, Edition of 25, Spray Paint

Medium: Spray Paint
Edition size: 25
Year: 2008
Size: H 30cm x W 30cm
Signed: No
Format: Unsigned Spray Paint
Last Auction: October 2016

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Auction Results

Auction Date
Auction House
Location
Return to Seller
Hammer Price
Buyer Paid
October 2016
Sotheby's Online
United Kingdom
£76,500
£90,000
£112,500
July 2015
Digard
France
February 2014
Sotheby's Online
United Kingdom
December 2007
Sotheby's Online
United Kingdom
MyPortfolio
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Track auction value trend

The value of Banksy's Paranoid Pictures, created in 2008 and executed in spray paint, is estimated to be worth between £220,000 and £320,000. This is a rare artwork with an auction history of four total sales since its entry to the market on 13th December 2007. There have been no sales in the last 12 months. The edition size of this artwork is limited to 25.

Created with Highcharts 11.4.8Dec 2007Jun 2009Nov 2010May 2012Nov 2013Apr 2015Oct 2016£60,000£70,000£80,000£90,000£100,000£110,000£120,000© MyArtBroker

Meaning & Analysis

In this artwork, Banksy re-appropriates the logo by replacing the text ‘Paramount’ by the word ‘Paranoid’. Banksy keeps the same aesthetic for the logo, and even uses the same font, meaning that at first glance, it is not apparent that the artist has changed the name of the production company. Paranoid Pictures is the logo for the fictional production company created by Banksy. In 2010, the artist released a documentary film, Exit Through the Gift Shop, which premiered at Sundance and told the story of Thierry Guetta, a French immigrant in Los Angeles who was obsessed with street art.

Using a stencil and black and white spray paint, a characteristic feature of Banksy’s visual language, the artist reproduces the mountain, arch of stars, and curved font. Banksy adopted the stencil technique in the 1990s because it enabled him to produce graffiti drawings in a fraction of the time and evade being caught by the police or being spotted by onlookers.

  • Renowned British street artist, Banksy, is the enigmatic figure behind some of the most subversive works in the Urban Art scene. Despite his anonymity, the artists' disruptive stunts have not only gained him notoriety, but they have vocalised his stance on many social and political issues. As seen with the likes of Girl With Balloon and Napalm, Banksy uses his distinctive stencil technique to produce thought-provoking commentaries on challenging themes. The showcase of rebellion that lines his work has caused his secondary market value to soar in recent years, propelling him to the top of the Urban Art scene.