Banksyโ€™s โ€˜Devolved Parliamentโ€™ Sells For A Whopping $18 Million
โ€” Updated on 30 July 2021

Banksyโ€™s โ€˜Devolved Parliamentโ€™ Sells For A Whopping $18 Million

โ€” Updated on 30 July 2021

Elusive British artist Banksy continues to fascinate the public with his 2009 painting, Devolved Parliament, selling for ยฃ9.9m (~AU$18m) at auction last week.

The work depicts the British Parliament being run by chimpanzees, Banksyโ€™s not so subtle jab at the intelligence of those in the House of Commons. First displayed at an exhibition in Banksyโ€™s hometown of Bristol over a decade ago, the talented artist reworked the piece before selling it to an unnamed buyer in 2011.

https://www.instagram.com/p/B27BpCzh0ye

The largest known oil painting by Banksy โ€“ measuring 4.2 metres by 2.5 metres unframed โ€“ was expected to fetch somewhere had been estimated to sell for between ยฃ1.5 million and ยฃ2 million, but eclipsed this estimate after a ferocious 13 minute battle between 10 different bidders.

Taking to Instagram, Banksy wrote of the sale, โ€œRecord price for a Banksy painting set at auction tonight. Shame I didnโ€™t still own it.โ€

The sale of Devolved Parliament overshadows the artistโ€™s previous highest sale of Keep It Spotless, that sold for US$1.9m at Sothebyโ€™s New York in 2008. The 2007 piece was originally a Damien Hirst painting that Banksy defaced, with the British artist adding an LA hotel maid known as Leanne pulling up Hirstโ€™s piece and sweeping rubbish under the painting. 

If youโ€™re a fan of Banksy or an art lover in general and based in Sydney, be sure to get along to โ€˜The Art of Banksyโ€™ exhibition currently being held at the Entertainment Quarter.

RELATED: Learn all about the art market with this awesome video series

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