Banksy’s take on Monet classic fetches nearly $10mn
An oil painting by British street artist Banksy parodying a Claude Monet masterpiece sold in London on Wednesday for $9.8 million (£7.55 million), the second highest price at an auction for the elusive artist.
The oil on canvas work, Show Me the Monet, a modern take on Monet’s impressionist classic The Water Lily Pond, sold at leading auction house Sotheby’s following a bidding war.
“The hammer came down after five determined collectors battled for nearly nine minutes to drive the final price beyond its initial estimate between £3mn5mn to become the second highest price for the artist at auction,” Sotheby’s said.
The sale comes a year after a Banksy painting depicting the British parliament populated by chimpanzees smashed the
record for the street artist by fetching nearly $13 million (£9.9 million).
On that occasion the 2009 work entitled Devolved Parliament attracted a 13-minute battle
between 10 different bidders.
Show Me the Monet was created in 2005, as part of a collection called The Crude Oils and had first been shown publicly in Banksy’s second exhibition.
The painting transforms Monet’s masterpiece depicting a Japanese-style bridge in his famous garden at Giverny into a modern-day fly-tipping spot.
Instead of an idyllic lily pond, the composition shows discarded shopping trolleys and a fluorescent orange traffic cone floating in the water beneath the bridge.
“Ever prescient as a voice of protest and social dissent, here Banksy shines a light on society’s disregard for the environment in favour of the wasteful excesses of consumerism,” said Alex Branczik, Sotheby’s European Head of Contemporary Art.
“Recent years have seen seminal Banksys come to auction, but this is one of his strongest, and most iconic, to appear yet,” he added. The artist’s identity remains shrouded in mystery even as his works have begun to attract increasingly high sums at auction.