The World's Largest Modern & Contemporary Prints & Editions Platform
Flag (formica) - Signed Print by Banksy 2008 - MyArtBroker

Flag (formica)
Signed Print

Banksy

£35,000-£50,000Value Indicator

$70,000-$110,000 Value Indicator

$60,000-$90,000 Value Indicator

¥330,000-¥470,000 Value Indicator

40,000-60,000 Value Indicator

$350,000-$500,000 Value Indicator

¥6,570,000-¥9,380,000 Value Indicator

$45,000-$60,000 Value Indicator

-5% AAGR

AAGR (5 years) This estimate blends recent public auction records with our own private sale data and network demand.

There aren't enough data points on this work for a comprehensive result. Please speak to a specialist by making an enquiry.

Medium: Screenprint

Edition size: 23

Year: 2008

Size: H 47cm x W 67cm

Signed: Yes

Format: Signed Print

Find out how Buying or Selling works.
Track this artwork in realtime

Watch artwork, manage valuations, track your portfolio and return against your collection

Track auction value trend

The value of Banksy's Flag (formica) (signed) is estimated to be worth between £35,000 to £50,000. This screenprint, created in 2008, has an auction history of four total sales since its entry to the market in October 2011. Over the past five years, the hammer price has ranged from £27,207 in June 2017 to £59,077 in November 2019. The average annual growth rate of this work is -5% and the edition size of this artwork is limited to 23.

Unlock up-to-the-minute market data on Banksy's Flag (formica), login or create a free account today

Auction Results

Auction DateAuction HouseLocation
Hammer Price
Return to Seller
Buyer Paid
March 2021Sotheby's Online United Kingdom
November 2014Digard France
April 2013Bonhams New Bond Street United Kingdom
October 2011Phillips London United Kingdom

Meaning & Analysis

This original limited edition screen print comes in two different colours: silver and gold – the silver being the most sought-after as 1000 prints were released as part of the famous artist’s Santa’s Ghetto exhibition on Oxford Street in London in 2006.

Banksy’s website states: “an extremely limited number of silver Flags were available on formica from Lazarides. Printed on hardboard, these were signed (with Banksy’s signature scratched into the surface) from an edition of 20.” The eerie, heavily contrasted image shows a group of children and adults climbing on top of a car, where two female figures are standing holding the American flag against a large, silver moon as background. One interpretation for this powerfully haunting work could be the “American Dream” and its roots in violence and unrest. The print references an iconic photograph Raising the Flag on Iwo Jima by photographer Joe Rosenthal, taken on February 23, 1945. The photo depicts six US Marines lifting the Stars and Stripes atop Mount Suribachi during the battle of Iwo Jima, in World War II. Instead of Marines, Banksy inserted figures of the disenfranchised youth into the image.