It’s been pointed out that there was something very important that I missed in yesterday’s post about Banksy’s auction results.
WallKandy, on WallKandy’s forums in fact, noted this morning that Lyon & Turnbull, the auction house whose representative is quoted in the original Bloomberg article, kind of had it coming and shouldn’t be suprised that their Banksy pieces failed to sell. Those works were pieces taken off the street and authenticated by VERMIN, not Pest Control (the official Banksy authenticators). Sorry to have written that long post yesterday based on that information, though I guess now my critisism of the article is even more valid as Banksy work hasn’t been doing as bad at auction as some Bloomberg readers now think.