“Mediterranean Sea View” sold for 2,235,000 GBP at Sotheby’s. 28 July 2020

Banksy’s take on the refugee crisis went for 2,235,000 GBP including buyer’s premium at Sotheby’s “Rembrandt to Richter” auction, which was more than double the initial estimate. The selling party was ABCD Bethlehem – a Palestinian charity, after receiving the piece as a donation from Banksy. The information sheet for the lot continues:  “All proceeds will go towards building a new acute stroke unit and purchasing children’s rehabilitation equipment for BASR hospital in Bethlehem.” 

The triptych has been on display at Walled Off Hotel since the opening in March 2017. Due to the corona situation, the hotel remains closed until further notice. The question is whether the hotel will open again or if the sale marks the beginning of the end for the iconic hotel. Hopefully not. See previous post: The Walled Off Hotel. Palestine, March 2017.

2017 UP Mediterranean seaview

Photograph: Sotheby’s