Banksy auctioned off for a record $ 12 million in London

Banksy auctioned off for a record $ 12 million in London

The final price of the painting reportedly exceeded the starting price by 500%.

A painting by the anonymous street artist Banksy in which he mocks the British Parliament, has been sold at a London auction for a record $ 12 million, TASS reports.

The final price of the painting reportedly exceeded the starting price by 500%. The bidding lasted only 13 minutes and the buyer wished to remain anonymous.

Until the auction, the most expensive work of the street artist was a Damien Hirst’s painting with his signature multi-colored dots, on top of which Banksy depicted a rat coloring the dots gray. It was auctioned in 2008 for $ 1.87 million.

“Record price for a Banksy painting set at auction tonight. Shame I didn’t still own it.” the artist wrote on his Instagram page following the end of the auction.

A canvas of impressive dimensions (4 x 2.5 meters) depicts a meeting of the House of Commons of the British Parliament with chimpanzees and orangutans instead of MPs. The name of the picture is Devolved Parliament, which is a word play.

Banksy's painting, created specifically for an exhibition at the Bristol Museum, was previously in a private collection. One of the reasons why the previous owner could put it up for sale is a skyrocketed interest in Banksy's work after his scandalous trick at last year's Sotheby’s auction. That day, one of the reproductions of his Girl with a Balloon was sold for £ 1.04 million and destroyed by a shredder built into the painting.

Banksy is considered one of the world’s most prominent street artists and political activist. Some of his works are now valued at millions of dollars. Meanwhile, Banksy still manages to keep his identity secret. The only thing that has officially been reported about him is that he was born in Bristol in 1973.

Earlier, Queen Mary University of London stated that they had been able to identify the street artist. They believe that it is Robin Cunningham, a graduate of a public school in Bristol.

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