Art

Banksy painting cashes in on Brexit mess

A picture of Banksy's painting.
"Devolved Parliament," by Banksy. Photo: Sotheby's

One of the few winners from the Brexit mess was the anonymous consignor of “Devolved Parliament,” a Banksy painting that sold for £9.9 million, or $12.1 million, a few days ago at Sotheby’s in London.

The big picture: The painting is a decade old, but it has never been more timely, given that the only politician disliked more than Prime Minister Boris Johnson is the leader of the opposition, Jeremy Corbyn.

Banksy painting sells for a record $12.2 million

Banksy's painting "Devolved Parliament" depicts chimpanzees as members of the British House of Commons.
Photo: Jonathan Brady/PA Images via Getty Images

The $12.2 million proffered at a Sotheby's auction for Banksy's "Devolved Parliament," which depicts members of the British House of Commons as chimpanzees, smashed the artist's previous auction record of $1.9 million.

Why it matters: Banksy is the most important and most popular name in the white-hot field of street art. It was a year ago that his "Girl with Balloon" self-destructed in a spectacular prank after a final gavel bid of $1.4 million.