Banksy and the value of Street Art

A lot of art critics and government officials wouldthe owner of the wall had estimated that to remove
argue that so called street art is nothing more thanthe piece it would cost an extra £5,000, which was
just glorified graffiti at best and acts of vandalism atto be paid by the buyer. Banksy's work is also
worst. It is not uncommon for even the mostpopular with a number of celebrities, for example at a
famous pieces of street art to be painted over byshow he staged in Los Angeles Angelina Jolie was
council contractors or the owners of the buildings onreported to have spent £200,000 on some of his
which they were painted. Even so this street art haswork. Christina Aguilera also bought three works at
risen in popularity and the public consciousness greatlyBanksy's Soho gallery  in April 2006 for £25,000.
in recent years and this is greatly, although not solely,More recently a piece of Banksy's work that Kate
due to the elusive guerrilla artist known as Banksy.Moss has bought for £80,000 was stolen from her
I'm sure you will have seen copies of his workhome.
printed countless times on canvases and t shirts andIt seems that no matter what the critics and
maybe if you have been lucky you will have seengovernment think of street art it is for the moment
some of his original work while it survived. Evenbig business for Banksy, his fellow street artists and
though Banksy himself doesn't use copies of his workthe people who sell it for them although even more
for commercial purposes (he even gives away freethan this Banksys work and his liberal view on
copies of his prints in the "shop" section of hiscopyright has allowed hundreds of small businesses to
website) original pieces are being sold for vast sumsdevelop and begin to flourish selling everything from
of money. For example online bidding for a wall thatBanksy prints to Banksy bags to Banksy t-shirts and
Banksy had painted on in January 2008 closed with athese I think are the real winners.
final price of £208,100, after 69 bids. Even though