Topline: Banksy confirmed on Instagram Tuesday that he’s opening a shop in London named Gross Domestic Product to display his original artwork, which will be for sale online starting at £10 ($12.)
- The shop, in London’s Croydon neighborhood, is “best viewed at night,” said Banksy.
- The Union Jack stab vest worn by musician Stormzy and a fur rug in the shape of Tony the Tiger are among the artworks for sale.
- Banksy said he opened the shop because a greeting card company attempted to “seize legal custody” of his name. He was advised to sell his own branded merchandise to prevent that from happening.
- The shop itself will not handle the sale of Banksy’s art, and its doors don’t actually open. Instead, it will serve as a showroom, viewed from the outside.
- Interested buyers are directed to visit grossdomesticproduct.com. At time of press, the website said it was “opening soon.”
- And “Devolved Parliament,” a Banksy painting of chimps in session at Parliament, will be hitting the auction block Thursday in London. It’s expected to go for up to £2 million ($2.5 million).
Crucial quote: “We hope to offer something for everyone, prices start from £10 but availability will be limited—all of the products are handmade in the UK using existing or recycled materials wherever possible. Including the ideas,” Banksy wrote in a sign posted in the shop window.
Key background: The London shop is the latest in a series of Banksy stunts. He made global headlines in 2018 when his painting Girl With Balloon shredded itself while being auctioned at Sotheby’s for $1.4 million. But the London shop isn’t the first time he’s sold his artwork at bargain prices. In 2013, he set up a table in New York City’s Central Park and sold his signed canvases at $60 each.