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, 2019TextThom 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.READ MOREThese photos document love and loss in times of political crisisThis film explores how two shootings defined the student protest movementKarol G fronts Reebok Classics’ new eraThese photos explore the internet’s supernatural depthsBACARDÍIn pictures: Manchester’s electrifying, multigenerational party spiritThis photo book documents the glamour and grit of Placebo’s ascentThis collective is radically rethinking what it means to make artPhotographer Roe Ethridge on sexuality and serendipity These haunting paintings depict daily life in GazaWhat went down at the Dazed Club private view of New ContemporariesThis exhibition opens up one of the world’s largest photography collections1-54 Contemporary African Art Fair: 6 artists to have on your radarEscape 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