LEMONS LAB LTD

ABOUT LEMONS LAB LTD

Dustheads was Estimated to sell at auction between $25-35 million at Christies, New York. Instead, it realised $48,843,750.

His stencils feature striking and humorous images, often with anti-war, anti-capitalist or anti-establishment slogans. Subjects frequently include rats, apes, policemen, bombs, soldiers and children. His prowess as a street artist drew the attention of the mainstream art business in 2002 he had a small exhibition in the 33 1/3 Gallery, Los Angeles. His work began appearing at auction, where it attracted bids well over the high estimates, and sold to celebrity collectors such as Christina Aguilera. Another sign of his "respectability" - he contributed a work "Project From All Elements" to a charity sale organised by Leonardo de Caprio. The high estimate was $100,000. It sold for $315,000.

By Catherine Hickley For Bloomberg Business

Art is gaining ground as an alternative investment, with many new collectors coming from the financial industry and from emerging markets, Hans Neuendorf, the Chief Executive Officer of Artnet, said in an interview in Berlin. The company’s new product is designed to help investors compare value.

A recent auction by Bonhams saw record prices obtained for a collection of Banksy prints, with the whole lot selling for almost three times its estimated price.