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Flag (formica) - Signed Print by Banksy 2008 - MyArtBroker

Flag (formica)
Signed Print

Banksy

£24,000-£35,000Value Indicator

$50,000-$70,000 Value Indicator

$45,000-$60,000 Value Indicator

¥230,000-¥340,000 Value Indicator

28,000-40,000 Value Indicator

$250,000-$370,000 Value Indicator

¥4,790,000-¥6,990,000 Value Indicator

$30,000-$45,000 Value Indicator

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68 x 87cm, Edition of 20, Screenprint

Medium: Screenprint
Edition size: 20
Year: 2008
Size: H 68cm x W 87cm
Signed: Yes
Format: Signed Print
Last Auction: March 2023
Value Trend:
-12% AAGR

AAGR (5 years) This estimate blends recent public auction records with our own private sale data and network demand.

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Auction Results

Auction Date
Auction House
Location
Return to Seller
Hammer Price
Buyer Paid
March 2023
Bonhams New Bond Street
United Kingdom
$30,000
$35,000
$45,000
March 2022
Bonhams New Bond Street
United Kingdom
March 2021
Sotheby's Online
United Kingdom
December 2020
Artcurial
France
October 2016
Forum Auctions London
United Kingdom
November 2015
Bonhams New York
United States
January 2015
Digard
France
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Track auction value trend

The value of Banksy's Flag (formica) (signed) is estimated to be worth between £24,000 and £35,000. This screenprint has shown consistent value growth, with an average annual growth rate of 3%. This work has an auction history of eight total sales since its entry to the market on 5th February 2008. In the past five years, the hammer price has ranged from £30,000 in March 2023 to £60,965 in December 2020, with an average return to the seller of £43,869. The edition size of this artwork is limited to 20.

Created with Highcharts 11.4.8Jan 2015May 2016Oct 2017Feb 2019Jun 2020Nov 2021Mar 2023$25,000$30,000$35,000$40,000$45,000$50,000© MyArtBroker

Meaning & Analysis

This original limited edition screen print comes in two different colours: silver and gold – the silver being the most sought-after as 1000 prints were released as part of the famous artist’s Santa’s Ghetto exhibition on Oxford Street in London in 2006.

Banksy’s website states: “an extremely limited number of silver Flags were available on formica from Lazarides. Printed on hardboard, these were signed (with Banksy’s signature scratched into the surface) from an edition of 20.” The eerie, heavily contrasted image shows a group of children and adults climbing on top of a car, where two female figures are standing holding the American flag against a large, silver moon as background. One interpretation for this powerfully haunting work could be the “American Dream” and its roots in violence and unrest. The print references an iconic photograph Raising the Flag on Iwo Jima by photographer Joe Rosenthal, taken on February 23, 1945. The photo depicts six US Marines lifting the Stars and Stripes atop Mount Suribachi during the battle of Iwo Jima, in World War II. Instead of Marines, Banksy inserted figures of the disenfranchised youth into the image.

  • 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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