In a unique twist on property sales, a Georgian building in Bristol, England, featuring the famous Banksy mural “Well Hung Lover” is set to go under the hammer. The artwork, painted in 2006, is one of Banksy’s most recognizable pieces, making this auction a notable event for art lovers and real estate enthusiasts.
An Iconic Banksy with a Colorful History
The mural, located on Frogmore Street, depicts a naked man clinging to a windowsill as a suited man leans out, seemingly searching for the lover, while a woman stands beside him. Over the years, the artwork has acquired blue paint splatters after being defaced, adding layers to its story. The piece, beloved by Bristol residents, was preserved after a public vote to keep it.
The Building Behind the Banksy
The building, previously a sexual health clinic, is listed as a Grade II property, signifying its architectural and historical significance. Hollis Morgan, the Bristol-based auction house managing the sale, has set a guide price of £700,000 (approximately $890,000) for the 250-year lease. The property includes a basement nightclub and vacant upper floors with potential for apartment conversion.
“The purchaser will be required to accept a restrictive covenant in the lease ensuring that the image cannot be removed from the building,” explained the listing. While buyers must preserve the mural, they are not obligated to maintain it.
Bristol’s Take on Street Art
Often regarded as Banksy’s hometown, Bristol has embraced its street art heritage. However, the city has no official policy on street art preservation, noting that such works “are created not as permanent works of art but as a form of protest.” According to the listing, the life of a mural evolves based on weathering or potential alterations.
Banksy’s Legacy and Growing Value
Banksy’s pieces, often shrouded in mystery and social commentary, continue to make headlines. Last year, a mural in Dover valued at £1 million ($1.2 million) was lost when the building it adorned was demolished. The sale of “Well Hung Lover” represents an opportunity to own a piece of street art history while raising questions about the intersection of art and property ownership.
Owning a Banksy is more than a financial investment—it’s a piece of cultural heritage. For those intrigued by the mix of art, history, and real estate, this February auction is not to be missed. Who will become the following custodian of “Well Hung Lover”? Time will tell.