Festival Peinture Fraîche (Wet Paint Festival) at the Halle Debourg in
www.peinturefraichefestival.fr
"Street Art is a truly universal art that can be found everywhere – from Rio to
Works 'in circulation'
Street Art is by nature a work created in an urban environment. As soon as it leaves the street to be exhibited in a gallery or exchanged in an auction room, it necessarily loses a great deal of its essence. That said, there is quite clearly a fully fledged and dynamic Street Art market.
The development of the market for Street Art seems to have learnt a lot from a number of other relatively recent art movements (Land Art for example). Street artists can record their interventions in public spaces with photography; they can also make small works or drawings or screenprints based on original street creations, or they can create a second body of paintings and original sculptures alongside their outdoor work. All of these 'derivatives' are now changing hands and lots end up in auction rooms... now forming a genuinely 'deep' market.
The 4 pillars of the market
A similar ambiguity seems to apply to the more recent mega-phenomenon Kaws (
Flowing somewhat ironically against this trend there is of course the anonymous artist Banksy (
15 years to create a structured market…
Nobody epitomises the rapid evolution of the Street Art market more than Banksy with his auction track record:
- His first paintings were sold at auction in 2005
- His auction turnover peaked just before the subprime crisis
- 10 years of more or less regular turnover growth between 2010 and 2019
- Exceptional resilience to the coronavirus crisis
With Banksy, the Street Art movement has undoubtedly found its figurehead and in the wake of the 'Banksy phenomenon', a whole market has emerged with three names that have become unavoidable: the French artist Invader (
A dozen other street artists generate several tens of thousand of dollars a year each: Jonone, Mr Brainwash, Futura 2000, Vhils, JR, etc. But the markets of the bulk of street artists are still fragile. This is true even of relatively established artists like
Specialized sessions
In
Artcurial also started its
An exciting market
Indeed, the sale of any Banksy work at a physical auction will always arouse interest since his Girl with Balloon (2006) self-destructed in 2018. In
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