Art Buyers Didn't Know They Were Getting Banksy Cheap

A street vendor outside New York's Central Park sold eight prints by the mysterious British street artist who goes by the name Banksy. Some of Banksy's most recognizable works sold for just $60. Many of the pieces are estimated to be worth more than $30,000. It was part of a social experiment.

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DAVID GREENE, HOST:

And our last word in business today is banking big on street art.

A street vendor outside New York's Central Park on Saturday sold eight prints by the mysterious British street artist who goes by the name Banksy.

STEVE INSKEEP, HOST:

Some of Banksy's most recognizable works sold for just $60. A couple of them were bargained down to just half that. And the customers appeared not to know what they were getting or their real value.

GREENE: Many of the pieces are estimated to be worth more than $30,000. Banksy later posted a video on his website capturing the day's purchasers. The stunt was a social experiment of sorts by a man whose works often sell for millions.

INSKEEP: You know, when you hear about artwork selling for a pittance, it's usually because the sellers didn't know what they had or got ripped off. In this case, Banksy took advantage of the buyer's ignorance to give them a break.

And that's the business news on MORNING EDITION, from NPR News. I'm Steve Inskeep.

GREENE: And I'm David Greene.

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