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Banksy™ Mug - Mixed Media by Banksy 2019 - MyArtBroker

Banksy™ Mug
Mixed Media

Banksy

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Mixed Media

Medium: Mixed Media
Year: 2019
Signed: No
Format: Mixed Media
Last Auction: May 2021

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Auction Results

Auction Date
Auction House
Location
Return to Seller
Hammer Price
Buyer Paid
May 2021
Tate Ward Auctions
United Kingdom
$5,000
$6,000
$7,500
MyPortfolio
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The value of Banksy's Banksy™ Mug (2019) is estimated to be worth between £1,400 to £2,100 (unsigned). This mixed media artwork has shown consistent value growth, with an average annual growth rate of 27%. This is a rare artwork, having been sold once at auction on 26th May 2021. The hammer price for this sale was £3,613. The edition size of this artwork is currently unknown.

Created with Highcharts 11.4.8May 2021$7,492© MyArtBroker

Meaning & Analysis

Capitalising on the famous line, ‘My child could have done that’ which can be overheard everywhere from Frieze art fair to Tate Britain, with this series of mugs Banksy asked children to replicate some of his more famous designs, and signed the results.

The original description on the website explains that the street artist was ‘required’ to release a range of mugs perhaps in reference to the statement that was displayed in the original Gross Domestic Products showroom in Croydon which explained that his ‘homewares’ line had come about as a result of a greeting card company attempting to copyright Banksy’s name. In order to prevent this the artist got there first which resulted in the trademark symbol being added to his name, effectively turning it into a brand. This could be seen as too little too late however, as hundreds and thousands of canny entrepreneurs and counterfeiters had already printed some of his most iconic artworks on tee shirts, fridge magnets and posters around the world.

Rather than opening a traditional retail shop, Banksy decided to give GDP a characteristic twist. As opposed to the first come first served model, prospective buyers were asked to fill out a short questionnaire in order to be considered for a purchase, making this more akin to a competition or lottery than the usual online shopping experience. As usual Banksy seemed to be both making fun of and typifying the commodification of artworks, on the one hand offering his work up at a low price in order to ensure it remained accessible and on the other, making his audience think about the process of buying art online and the ease with which late capitalism has made it possible for the gift shop to attract more visitors than the museum. Read more.

Released as a series, the mugs come in a ‘random selection of designs’, including some of the artist’s most well known iconography such as the rat which has come to represent Banksy’s central ethos as a graffiti artist.

Commenting on his choice of the rat as a symbol, Banksy has said, ‘If you are dirty, insignificant and unloved then rats are the ultimate role model.’ The rat is also a reference to the great street artist Blek le Rat who Banksy credits with inspiring his stencilled style. By asking kids to paint this design and more in his style he appears to be continuing this line of appropriation and imitation, encouraging younger generations to follow in his footsteps as a kind of Robin Hood figure in order to take from those who went before and to snub the tradition of intellectual property. As Picasso is often quoted as saying, ‘Good artists copy; great artists steal.’

  • 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.

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