Impressive Auction Results for Warhol and Banksy

Andy Warhol and Banksy enjoyed stellar results at the recent round of auctions in London. Their works exhibited strong rises from the initial estimates. Kate Moss by Banksy, estimated between $39,000 and $55,000, sold for $73,620. Bomb Hugger by Banksy, estimated between $39,000 and $55,000, sold for $92,449. Armoured Car, estimated between $39,000 and $55,000, sold for $77,406. Drag Queen by Andy Warhol, estimated between $63,000 and $94,000, sold for $77,242. The Beatles by Warhol, estimated between $78,000 and $109,000, sold for $124,422. Candy Box Open by Warhol, estimated between $47,000 and $62,000, sold for $137,548, more than double the initial estimate. Blue-chip works by Andy Warhol and Banksy have demonstrated a consistent tendency to appreciate over time. The art market has regained much of its former strength and looks set to continue this upward trend as 2010 progresses.

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