Banksy artwork worth up to £300k on sale in Los Angeles

Work by Bristol street artist Banksy - worth up to about £300,000 in total - is being sold at auction in Los Angeles later this month.

Auctioneers Bonhams are holding their inaugural US Urban Art sale on October 29 - and Banksy is the star of the show.

The LA Urban Art sale is the first auction of its type to be held in the US and will bring together powerful works by the world’s most pioneering graffiti artists.

Other artists whose work is being sold are Shepard Fairey, KAWS and the “Godfather” of East Los Angeles "cholo" style graffiti, Chaz Bojórquez.

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Banksy highlights, recently unveiled in London, include ‘Gangsta Rat’, estimated at US$100,000-$150,000 (£60,000 - £90,000) and ‘Paparazzi Rat’, estimated at US$100,000-$150,000 (£60,000 - £90,000).

Both are works on canvas and include Banksy’s signature rats.

In 2005 he said of the rats appearing in his work: “They exist without permission. They are hated, hunted and persecuted. They live in quiet desperation amongst the filth. And yet they are capable of bringing entire civilisations to their knees. If you are dirty, insignificant and unloved then rats are the ultimate role model.”

Other Banksy highlights in the sale include ‘Winnie the Pooh’, showing the well-loved bear with his foot caught in a bear-trap and an upturned money-pot, estimated at $50,000 – $80,000 (£30,000 - £50,000); ‘Heavy Weaponry’ estimated at $35,000 – $45,000 (£20,000 - £30,000) and ‘Lenin on Rollerblades’ estimated at $30,000 – $50,000 (£18,000 - £30,000).

Thirteen of his prints will also be offered for sale.

Gareth Williams, head of Urban Art, said: “Urban Art continues to be one of the most rapidly developing sectors of the art market and it is truly exciting to be bringing such important works to auction in Los Angeles.

"The city is fast becoming a hub for Urban Art, following Banksy’s groundbreaking ‘Barely Legal’ show in 2006, The Museum of Contemporary Art’s exhibition ‘Art in the Streets’, held last year, and the numerous sell-out gallery shows. This auction provides a rare opportunity for members of the public to be able to see such a diverse collection of works and we are expecting significant interest from across the globe.”