Sotheby's Auction of Banksy's Devolved Parliament. £8.5 million plus premium (9.8 mil all in!)

The moment on October 3, 2019 where Banksy’s “Devolved Parliament” sold for a record £8.5 million at Sotheby's auction house in London. After premiums, the sale was recorded as £9,978,500 (GBP). Banksy's previous auction record was for ‘Keep It Spotless’ which sold for £1.87m in 2008. The shredded “Girl With Balloon” sold for approx. £1m at Sotheby's on October 5, 2018.

[@nicetrymate813]

Banksy should sequel this piece with a devolved Sothebys

[@porscha901]

I start the bidding at 3 million 3 million in the rooom

[@StennMathis]

Thing is, as an artist and sculptor...If the majority of people set enough time in a year to return to their innate creativity (we are children of creation), they'd probably find in a good couple years they could produce this work, similar or better themselves...Seriously. Its funny though how banksy does work to question the system basically...Yet it's the system, the rich and wealthy that always end up owning his work...

[@Vulecro529]

Art is good investment as less people are painting. In 50 years this will be very expensive

[@jane9875]

sothebys must make so much in commission !!!

[@kisut7]

I love banksy devolved parlement. Damn. That painting have deep meaning.

[@nicetrymate813]

I love it also, but It's not that deep....

[@maph2759]

@@nicetrymate813 for real not that deep hahaha

[@vinceedwards3978]

This is the first Banksy I really like

[@jane9875]

me too better than love in teh bin !!

[@vinceedwards3978]

@@jane9875 where I get caught.....I have done way better paintings than that

[@jane9875]

@@vinceedwards3978 what sort

[@samcalven12]

The more I watch these the more I start to understand why this could be money laundering going on but under the guise of art sale.

[@nat0106951]

remember the opening of expendables 3.. when mel gibson character buys that 3 million dollar painting and calls it looks shit. but deal.

[@StennMathis]

You hit the nail on the head!!! There are a good few videos on various video sharing channels and underground articles that tell you that that is EXACTLY what is going on! That no painting on earth is worth that much...its just oil on a canvas. Sure a piece will mean more to some than others but NOOOO artworks subjective meaning is worth millions of $...Please continue with your line of thinking...This whole thing is a scam!

[@MagnificentXXBastard]

@@StennMathis Shit is worth exactly how much people are ready to pay for it, no more or less. Nothing has an "inherent" value. If there are people out there willing to pay 8 mil for a painting, the painting is worth 8 mil BY DEFINITION. Or are you a marxist who believes in the labour theory of value?

[@StennMathis]

@@MagnificentXXBastard If only the art market were that simple (Marxist? No I'm an antiques dealer...there are things not said to just any random John whichmany dealers knowand it stays within the 'circle' if you will)Take care.

[@MagnificentXXBastard]

@@StennMathis Every market is that simple. The value of something is exactly that which people are willing to pay for it. Shit is worth what people will pay. Basic law of the market.

[@DarkKnightCap]

Despite this ridiculous gathering of people to judge ones creativity in pounds or dollars, this is the work. How ridiculous? Thank you for you're work Sir Banksy.

[@ericmccloud7619]

Omg i would of got it too

[@bretth4988]

Not signed by Banksy... but " SIGNED, SIGNED " by Banksy

[@victabeer3960]

Some people have too much money .

[@Vulecro529]

nooooooooooooooooooooooooooooooo

[@brendancoughlan3487]

Sold for peanuts 🥜

[@stephbenayyyesmuth3530]

I thought it was bananas when it sold for that much

[@violetfirth9417]

Funny as hell painting

[@ertiebassy3612]

someone explain the 8.4 m bid from the crowd ??

[@lanakerry6555]

because they miss about their ancestors , buyer will hand up on wall and to watch on his ancestors. ha ha ha ha.

[@jhonnielorbuda9331]

And the emcee getting tired 😂

[@inoxide5454]

emcee? is this a rap contest now?

[@brendaeaves1079]

Boy The Things I Could Do With This Kind Of $,Buy My Dream Home,Help My Relatives,Etc;😊Like They Say/ $Money Talks & Bullseet Walks!😂

[@AgentQQ8]

[sigh] Rich people.

[@landgrenwilliam]

Guy coughs, 10 million pounds and sold!

[@louise-yo7kz]

🔨

[@guharup]

100,000 incremental bids? this could go on forever. Like if I have bid 50 mil 100 thou, am I likely to bail out at 50 mil 200 thou? Bank would be broken by the 50 mil not by the 100 thou extra.

[@jacobohernandez6343]

Hola cordiales saludos .Señores .no veo ofertar por el chico de Rojo .

[@heavenscow6945]

What's the commission at 8 million 5 hundred thousand?

[@tacocado89]

1.3 million

[@FHIPrincePeter]

Bid the amount the Work is going for. Offered /Ask the amount a person is willing to buy it for.

[@paaao]

Well, we could have fed a small city for a month, but instead we passed 9 million dollars from one rich family to another. Banksy probably made a cool $500,000 putting it on the auction block.

[@inoxide5454]

perhaps those small citizens could have worked for them selves to generate their own income, instead of waiting for handouts.

[@paaao]

@inoxide5454 what Banksy piece are you referring to that promotes this idea of the pulling up from the bootstraps? Pretty sure your ideas are not in line with the Banksy motif...

[@mrbogdanoff9233]

is that banksy a photo daubed on?

[@sahilkhurana_]

would be funny tho if someone pulled the telephone's cord

[@nicetrymate813]

Yeah mate sounds hilarious...

[@user-tg6kj2oz8p]

👏👌

[@dews2158]

Omg I would have got it too

[@johnnavin4665]

The artist name is BANK...sy. Yes, of course, that makes sense...😄

[@rickyc4377]

hehehe wow

[@wendyshoo3476]

For thd rich, its free money. With US$1B nett sorth investment with interest 1. 5% you have $50m 2. 15% you have $150m every year.

[@Narutoman771]

"Private Collector" huh? I think the Banks-y is running dry

[@fatoumaali3637]

How many hungry people in the world

[@phanders6236]

Much less than 10 years ago. Do you have any idea how much world hunger has gone down?

[@ryanbadene9890]

@@phanders6236 you do not even understand the meaning of banksy’s art if you disagree with this statement. We have the means to do a lot better but corporatism and elitism creates systemized unfairness that could be avoided.

[@phanders6236]

@@ryanbadene9890 I agree that we can do better my point was just that the world IS a lot better than it has been and we tend to only see the negative.

[@nat0106951]

we don't give a shit. they better stop always fucking and re producing too much. they would not be that hungry.

[@teodytrinidad9497]

They saved Diana first

[@GorilaModeActivated]

My paintings are for sale

[@NoGoodHandlesComingToMind]

Cool

[@DS-yg4qs]

Shallow idea Banksy. Chimps represent men. Wow. How did you come up with that? Paint those chimps behind phone that buy your painting for that kind of money.

[@joeschmoe13106]

Lmfao

[@CallieMasters5000]

What's there to talk about? Know what you're willing to pay, bid up to that, then stop.

[@hallowedproductions3334]

I wonder this as well, but im assuming its a buying tactic. Its to stall, making sure they dont increase the price.

[@willalwaystelehandler8450]

Alex is a cutie,

[@inoxide5454]

a waffro - a white afro.

[@deadlift9360]

The painting looks really good actually. Like real art, not some fkn shapes and cricles in different color ("modern" dogshit)