15th October 2007
One lucky art buyer came up trumps today as he sold his Banksy print for £102,500 at auction house giant Sotheby's Contemporary Art Auction in London.
Lot 207 ‘Kids on Guns’ had a list price of £20k - £30k – far more than its original selling price of £250 when it was bought from artrepublic – the Brighton limited editions gallery – in May 2004 as part of their Pop show.
Little did anyone realise that wise investing just three years ago from the Brighton gallery would see such an amazing windfall today. artrepublic were listed in the auction house’s notes as providing the provenance for ‘Kids on Guns’ – a 50.5 x 50.5cm acrylic and spray-paint on canvas piece.
Lawrence Alkin, CEO of artrepublic comments, “It just shows you what kind of money you can make from investing in contemporary art. Back in 2004 we loved Banksy’s work but practically had to force it on our customers. You can always rely on us for good investment advice.”
This Bristol-born graffiti artist’s star is staying on the up and up (and up).
Notes to Editors
The artrepublic gallery was established in 1992 in the heart of the North Laines in Brighton. This year artrepublic has expanded with the opening of a second independent, specialist gallery in Soho, London. artrepublic features collectable, cutting-edge art prints, limited editions, silkscreens and giclees from great contemporary artists such as Banksy, Jamie Reid, James Cauty, Sir Peter Blake and Jamie Hewlett alongside popular artists such as Warhol and Lichtenstein.
Check out www.artrepublic.com which has an extensive choice of art prints all available with free delivery worldwide. The site is also an essential art resource, including hundreds of artist biographies, art term definitions and a guide to over 1,300 galleries worldwide.
The gallery offers a bespoke framing service with a huge choice of mouldings and expert advice on hand to help find the perfect combination of frame. The website also offers a large selection of quality frames delivered free throughout the UK.
For more information about this press release please call Julie Carroll on 07971 955140 or Andrew Milledge Marketing Director of artrepublic on 01273 664366.
Although artrepublic will attempt to supply images that are likely to not have copyright issues when used in the press, we do strongly advise that chosen images are first checked with the Design and Artists Copyright Society before publication. Contact details are: Tel: 0207336 8811, email: firstname.lastname@example.org or contact artrepublic before going to press.
artrepublic is part of the history of Enter Gallery, find out more.