Art & Photography / NewsArt & Photography / NewsBanksy’s painting of MPs smashes estimates, selling for nearly £10 million‘Devolved Parliament’ sold in a 13-minute Sotheby’s auctionShareLink copied ✔️October 5, 2019October 5, 2019Text Thom Waite Last month, it was announced that Banksy’s “Devolved Parliament”, a 13-foot long painting depicting MPs as chimpanzees, was going up for auction. At the time, the high estimate of £2 million caused a stir, but after a 13-minute auction on Thursday, it sold for almost five times that price. In the end, the gavel came down at just under £9.9 million. Sotheby’s reported applause in a subsequent tweet. #AuctionUpdate Monkey Business 🐒🍌: #Banksy’s monumental painting of the House of Commons overrun with parliamentary primates sells to applause at £9,879,500 - 9 times its previous record - after a 13 minute bidding battle. pic.twitter.com/5LPR5BlgCH— Sotheby's (@Sothebys) October 3, 2019 “Record price for a Banksy painting set at auction tonight,” the artist posted in the caption to an Instagram post quoting art critic Robert Hughes on the negative effects of art as capital. “Shame I didn’t still own it.” The big question is: why did the artwork exceed estimates by so much? Well, it’s undeniable that Banksy’s been particularly active in the last couple of years, making a stab-proof vest for Stormzy, an art stall/protest at Venice Biennale, and infamously shredding an artwork after it sold for over £1 million. Of course, there’s also the fact that this specific painting is unfortunately very timely, although it was finished and exhibited in 2009. After months upon months of Brexit deadlock and disastrous leadership decisions, it’s not difficult to envision our country’s leaders as chimps (although, tbh, the chimps look a fair bit more civilised). Escape the algorithm! Get The DropEmail address SIGN UP Get must-see stories direct to your inbox every weekday. Privacy policy Thank you. You have been subscribed Privacy policy Expand your creative community and connect with 15,000 creatives from around the world.Trending7 sex worker-approved films about sex workSex workers have slammed Sam Levinson for his depiction of the industry in Euphoria. Here, we share our top recommendations for more true-to-life representations Film & TVBeautyThe rise of the intellectual tattoo Nike FashionNike celebrates the culture of soccer ahead of a summer shaped by the gameLife & CultureWhy so many young people are training to be death doulasBeauty10 of the hottest Instagram accounts fusing art, sex and eroticaFashionModel of the moment Awar Odhiang leads Dazed’s summer issueBeautyDirty Girls: The cult 90s documentary that made being dirty feel radicalBeautyThe sexiest flesh-baring Instagram accounts you need to followBeautyNude awakening: Meet the young people embracing naturismEscape the algorithm! Get The DropEmail address SIGN UP Get must-see stories direct to your inbox every weekday. Privacy policy Thank you. You have been subscribed Privacy policy