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Laugh Now (canvas) - Signed Spray Paint by Banksy 2002 - MyArtBroker

Laugh Now (canvas)
Signed Spray Paint

Banksy

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43 x 43cm, Edition of 5, Spray Paint

Medium: Spray Paint
Edition size: 5
Year: 2002
Size: H 43cm x W 43cm
Signed: Yes
Format: Signed Spray Paint
Last Auction: April 2021

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Auction Results

Auction Date
Auction House
Location
Return to Seller
Hammer Price
Buyer Paid
April 2021
Sotheby's Online
United Kingdom
$840,000
$990,000
$1,180,000
February 2015
Sotheby's Online
United Kingdom
November 2013
Sotheby's New York
United States
September 2009
Bonhams New Bond Street
United Kingdom
February 2008
Bonhams Knightsbridge
United Kingdom
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Track auction value trend

The value of Banksy's Laugh Now (canvas) (signed) is estimated to be worth between £240,000 and £360,000. This artwork, created in 2002, has shown consistent value growth, with an impressive average annual growth rate of 18%. This is a rare artwork with an auction history of five total sales since its entry to the market in February 2008. The hammer price over the last five years has ranged from £240,000 to £360,000, demonstrating its value retention. The edition size of this work is limited to 5.

Created with Highcharts 11.4.8Feb 2008Apr 2010Jul 2012Sep 2014Nov 2016Feb 2019Apr 2021$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000© MyArtBroker

Meaning & Analysis

The chimpanzee takes on anthropomorphic qualities and appears to be standing like a human with slouched shoulders. The animal is staring at the ground and seems to be avoiding the gaze of the viewer.

Banksy renders the chimpanzee using black and white spray paint against a plain white backdrop. The chimpanzee dominates the centre of the composition and the viewer’s attention is focussed on the words that are typed out on the sandwich board that the animal is wearing.

The chimpanzee image has been reproduced in various iterations and is arguably one of Banksy’s most recognisable images along with Girl With Balloon. The versions differ from one another as Banksy adds a different text to the sandwich board. Laugh Now is a notable example of how Banksy uses his artworks to offer foreboding warnings about the future. He also uses art to launch social critiques and spread anti-establishment sentiment.

  • 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.