Fine Art Auctions Miami street auctions was such a success yesterday in the Magic City!
“Kissing Coppers” this black-and-white stencil of two British police officers kissing in close embrace, created by the popular british artist Banksy was sold to an anonymous telephone buyer for $575,000 . The work originally appeared on the side of the Prince Albert Pub in Brighton, England, in 2005.
The wall is one of several Banksy works removed from their original location and sold to collectors. It was auctioned along with two more Banksy pieces – “Bandaged Heart Balloon” and “Crazy Horse Car Door” – created during the artist’s month-long “street residency” in New York City last year.
Those two pieces, priced at $200,000 and $100,000 respectively, failed to reach their asking price. The Banksy piece that did sell had a winning bid of $480,000 plus $95,000 in fees. It had been expected to fetch between $500,000 and $700,000.
The auction of 54 works also included a sketch by Jean-Michel Basquiat, which sold for $180,000, and a Keith Haring watercolor, “Roger in the Flowers.”
“The potential of this market is incredible. I was at the first sales of pop art and it was exactly the same people coming from nowhere and buying immediately,“said Frederic Thut, CEO of Fine Art Auctions Miami.