Most expensive Banksy work in New Zealand sold in Parnell

Close to $1 million worth of Banksy prints were sold last night at an auction in Parnell, Auckland.

Two signed pieces, Napalm, a 2005 work and Monkey Queen were among a collection of Banksy pieces sold at the International Art Centre in Parnell, in an event director Richard Thomson called “remarkable”.

The auction highlight was the sale of what is now the most expensive Banksy work to be sold in New Zealand.

The piece, Love is in the Air, was projected to go for up to $150,000-$250,000 but sold for $309,000 to a New Zealand buyer.

A number of other Banksy pieces including Jack and Jill – Police Kids and Flying Copper, also sold for prices much higher than expected.

The pieces were part of a larger collection on sale last night, which also included work from Charles Frederick Goldie.

The Goldie work Harieta Huirua – A Chieftainess of the Tuhourangi Tribe went for $521,000.

The other Goldie, Tumai Tawhiti, Chieftain of Ngati Raukawa, Te Arawa, sold for $309,000. It was predicted to bring up to $350,000.

In October, a Banksy artwork sold at the same International Art Centre in Parnell set a world record when it went for $126,000 – twice what is was predicted to reach.

Thomson says the large sales are an exciting development for the art market in New Zealand.

“We’re on the world stage.”

In total, the auction pulled in close to $4 million in sales, he said.

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