As far as i'm aware they guy that organised to have it removed realised it might be worth a few quid but was stuck with an original banksy and didn't know what to do with it... and flogged it for 15k and then the next owner made a killing on it
Thats the problem though TL, once these works make their way into the big wide world with some kind of pissarsed provenance like Vermin then joe average collector / dealer will just reckon it has real prov, not everyone knows about PC and will trust these pissarsed dealers, also now it will have a television programme to plonk on its COA!.
Also it's kind of a risk/reward thing. If you're a dealer with a stash of cash or a line of credit (less likely today I admit) you do the math on the risk/reward and buy appropriately. If something is 'possibly' a Banksy or a Warhol or a Lichenstein or whatever, it's worth the risk to stump up for it as the pot of gold at the end of that particular rainbow can be eye watering. If not, you sell it on at a loss or break even to some other hopeful...
Yours, happily mixing metaphors, HB
"I never knew what real happiness was until I got married. And by then it was too late." -Max Kauffmann
That Hawkins is a little hotty! She bought the Fracis Bacon canvas that had the centre cut out paying £48k, if I recall correctly.
It will be interesting to see how much the dealers are prepared to pay for the Croydon piece. A piece of street art by Banksy with no Pest Control should command a whopping zero. However, you never know. At the end of the program in the preview for next week they showed one of the dealers offering £250k but they didn't show whether he was bidding on the Banksy.
Last Edit: May 26, 2011 12:10:07 GMT 1 by silvermyn
banksy should put somin out saying that any street pieces are valueless cos he put em on the street for a reason for all to see not just for the greedy f**ks who want to make a fortune tarring them out and selling them on