Tips For Investing In Prints By Banksy
The England based street artist, activist and film director known as Banksy, who has somehow managed to remain anonymous in the age of internet, is well known across the world for his stencil-based street art, filled with political commentary, and, occasionally, black humor.
His works are famous across the globe, and are desired by a great many deal of people, but the artist themselves rarely release any commercial prints, hence, the value of Banksy prints are on the rise. As a result enthusiasts, collectors and investors are competing for the best value for Banksy prints.
For those interested in investing in them, here are some tips.
- First and foremost: is it a genuine article?
- The most important aspect of a lot of fields, is verifying the veracity of something. In this case, making sure that the Banksy prints you’re planning to invest in are the genuine articles. Banksy has a team of associates who certify the authenticity of prints related to his work; Pest Control. Their certification means that the print you have is an authentic Banksy, no doubt about it. If the certification isn’t from them, then it isn’t as good, or it’s outright worthless. If you’re buying from a gallery, most of the work associated with certification is already done for you, but getting additional verification couldn’t hurt. Of course, this goes without saying, any documentation regarding the authenticity of a piece is necessary when it’s put up on sale.
- Subject, subject, subject.
- As with any art, certain pieces hold more appeal than others. Certain Banksy prints are easier to resell, simply because their subject matter is very appealing. For example, Banksy’s Girl with a Balloon, is easily their most popular piece, with a large demographic owing to its wide appeal. Napalm (Can’t Beat the Feeling) is a strong piece, but it may not be what’s en vogue. Tastes and trends change, though, keep in mind. Ultimately, the best starting point for an investment is to consider what you want.
- The price is right!!
- Sometimes, art pieces sell for more than what they’re estimated to be worth. Banksy prints are no exception, with signed pieces worth up to £80K, and original prints raking in £1 M. When you’re buying a Banksy piece, or any art for that matter, take the necessary steps to ensure that you’re paying no more than you have to. Remember, you’re investing to make a profit in the future.