Street Artist Banksy Sells Art At Central Park Booth For $60: Man Selling Work, Worth Thousands Of Dollars, Takes 4 Hours To Make First Sale

Street Artists Banksy put up an anonymous, announced Booth in Central Park, New York on Sunday, October 12, 2013 selling his famous artwork.

In a high profile auction house, the pieces would have fetched six figure sums within minutes. On Sunday however, it took the old man at the booth (not Banksy) four hours to close the first deal. The price: $60 for two Banksy spray art paintings.

 The lady bargained to half the price and got luckier than she had imagined: she is a proud owner of two authentic Banksy paintings, bought for only $60.

The British artist, whose identity and persona are secretly guarded, is in New York for the month and posts his random appearances on his website.

The Sunday update left a lot of New Yorkers regretting the missed opportunity, especially those who must have passed the unsuspecting booth with an old man who had spray paintings on display.

Banksy sold total eight paintings at Central Park, grossing aroud $420. According to reports, the total worth of the paintings sold is in excess of $200,000.

The most astonishing part, however, was that the first painting was sold four hours after being on display. Banksy's paintings are known to sell within minutes, even if they cost half a million.

Forbes calls it as the brand effect. There was no Brand Banksy on that booth or the paintings. Had the canvasses been signed, it would not have taken so long for the old man to close the first deal.

"Presumably because art sold on street corners is perceived of inferior quality than pieces sold at uptown art galleries," observed the Forbes write-up, further adding, "In his typically non-conformist way, Banksy illustrated how society is willing to pay a hefty price tag just for perceived value"

Just for record: the stall is no more there at the Central Park.

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