Auction House: Sotheby’s London
Price Realized: GBP 2,435,000 / USD 3,370,000
A majority of Banksy’s works available on the market have been executed on canvas. The artist is at his best when combining his scathing, jet-black humor with a material that reflects the aesthetic of urban life and the authenticity of his intentions. Outside of the Think Tank series on metal panels commissioned by the pop band Blur, examples of his signature stencils on metal are incredibly rare and highly sought after.
Alongside the rat, Flower Thrower, and Girl with Balloon, the sandwich-board-wearing Laugh Now chimp is one of Banksy’s central icons. The present work represents its apotheosis: with a full and detailed stencil composition articulated in a wider than usual range of spray-painted tones and on large scale also unusual for this motif, this unique painting on metal is an exceptional and quintessential example of Banksy’s work. This piece also possesses an unparalleled exhibition history having made its debut in the artist’s paradigm-shifting LA exhibition, Barely Legal: a street-art take-over warehouse extravaganza that is today considered the most important exhibition of the artist’s career to date. In preparation for Barely Legal, Banksy created a concise series of works on identical sheets of metal shelving. These entailed a compendium of the most popular and significant motifs of his career so far, including the Kissing Coppers, Bomb Hugger, and the present work – Laugh Now. In its raw immediacy and use of a found-industrial material as the painting’s ground we are reminded of the central paradoxes of Banksy’s career: at once poignant and pun-fueled, he toes the line between vandal and creator, creating works of acerbic impact that advocate for the marginalized in society. Simultaneously at the center of the art world and entirely apart from it, he is, at once, the most famous artist working today and an anonymous outsider. In his own words: “You paint 100 chimpanzees and they still call you a guerrilla artist” (Banksy cited in: Caroline Goldstein, ‘Banksy Is Giving His Painting of Chimpanzees Overrunning Parliament a Special Appearance to Mark “Brexit Day”’, Artnet News, 29 March 2019, online). As tremendously deployed in Laugh Now, Banksy is a master of surprising juxtapositions; using humor and biting satire, his work undercuts the elite to elevate the proletarian and shed light on the great issues of our time.