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Flag (formica) - Signed Print by Banksy 2008 - MyArtBroker

Flag (formica)
Signed Print

Banksy

£25,000-£40,000Value Indicator

$50,000-$80,000 Value Indicator

$45,000-$70,000 Value Indicator

¥230,000-¥370,000 Value Indicator

30,000-50,000 Value Indicator

$250,000-$390,000 Value Indicator

¥4,720,000-¥7,540,000 Value Indicator

$30,000-$50,000 Value Indicator

-6% AAGR

AAGR (5 years) This estimate blends recent public auction records with our own private sale data and network demand.

There aren't enough data points on this work for a comprehensive result. Please speak to a specialist by making an enquiry.

Medium: Screenprint

Edition size: 20

Year: 2008

Size: H 68cm x W 87cm

Signed: Yes

Format: Signed Print

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Track auction value trend

The value of Banksy's Flag (formica) (signed) is estimated to be worth between £25,000 and £40,000. This screenprint has shown consistent value growth, with an auction history of eight total sales since its entry to the market on 5th February 2008. Over the past five years, the hammer price has ranged from £30,000 in March 2023 to £60,965 in December 2020. The average annual growth rate of this work is -6%. The edition size of this artwork is limited to 20.

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Auction Results

Auction DateAuction HouseLocation
Hammer Price
Return to Seller
Buyer Paid
March 2023Bonhams New Bond Street United Kingdom
March 2022Bonhams New Bond Street United Kingdom
June 2021Bonhams New Bond Street United Kingdom
March 2021Sotheby's Online United Kingdom
December 2020Artcurial France
October 2016Forum Auctions London United Kingdom
November 2015Bonhams New York United States

Meaning & Analysis

This original limited edition screen print comes in two different colours: silver and gold – the silver being the most sought-after as 1000 prints were released as part of the famous artist’s Santa’s Ghetto exhibition on Oxford Street in London in 2006.

Banksy’s website states: “an extremely limited number of silver Flags were available on formica from Lazarides. Printed on hardboard, these were signed (with Banksy’s signature scratched into the surface) from an edition of 20.” The eerie, heavily contrasted image shows a group of children and adults climbing on top of a car, where two female figures are standing holding the American flag against a large, silver moon as background. One interpretation for this powerfully haunting work could be the “American Dream” and its roots in violence and unrest. The print references an iconic photograph Raising the Flag on Iwo Jima by photographer Joe Rosenthal, taken on February 23, 1945. The photo depicts six US Marines lifting the Stars and Stripes atop Mount Suribachi during the battle of Iwo Jima, in World War II. Instead of Marines, Banksy inserted figures of the disenfranchised youth into the image.

  • Renowned British street artist, Banksy, is the enigmatic figure behind some of the most subversive works in the Urban Art scene. Despite his anonymity, the artists' disruptive stunts have not only gained him notoriety, but they have vocalised his stance on many social and political issues. As seen with the likes of Girl With Balloon and Napalm, Banksy uses his distinctive stencil technique to produce thought-provoking commentaries on challenging themes. The showcase of rebellion that lines his work has caused his secondary market value to soar in recent years, propelling him to the top of the Urban Art scene.