Auctions & showsBuy artNews

Banksy’s ‘Devolved Parliament’ could set a new personal best

A Banksy painting titled Devolved Parliament will go on public display at Sotheby’s in London from September 28, ahead of its sale on October 3, 2019.

The exhibition of Devolved Parliament (2009) will be followed by an auction on the evening of October 3, in which the painting is estimated to sell for between £1.5-2 million, according to the Sotheby’s listing. Banksy’s current auction record stands at $1,870,000, achieved by Keep it Spotless at Sotheby’s New York in 2008.

The canvas depicts The House of Commons, in the UK, run by chimpanzees as members of Parliament (MPs). At 13ft wide, it is Banksy’s largest known canvas. Despite its timely appearance given today’s Brexit-related political turmoil, the work was completed in 2009 and went up on exhibition in Bristol.

Alex Branczik, Sotheby’s European head of Contemporary Art, said: “Regardless of where you sit in the Brexit debate, there’s no doubt that this work is more pertinent now than it has ever been, capturing unprecedented levels of political chaos and confirming Banksy as the satirical polemicist of our time.”

In addition to Banksy, the October 3 Contemporary Art Evening Auction will feature the works of Andy Warhol, David Hockney, Olafur Eliasson and Jean-Michel Basquiat. Notable estimates are Piero Manzoni’s Achrome at £4 million – £6 million and Jean-Michel Basquiat’s Natives Carrying Things at £2.5 million – £3.5 million. Basquiat’s Pyro is expected to fetch in the region of £9 million, as told to Private Art Investor upon request.

Also up for auction is Banksy’s Turbo Zone Truck, which will make an appearance at Bonhams’ Goodwood Revival Show on September 17, 2019.

Previous post

Sotheby's auction of Chinese art collection to bring $23 million

Next post

Sotheby’s Asia Week surpasses estimated auction sales

Yuvan Kumar

Yuvan Kumar

Yuvan is editor of PAI. He is an arts journalist editing a financial magazine about the art world. He has written across Corporate Jet Investor, Revolution.Aero and Helicopter/VTOL Investor, since joining the company in November 2018.