Banksy Work Sells for $77,400 But Delivers a 74% Negative Return
3 min read · 17 Oct 2025
People Who Enjoy Waving Flags Don't Deserve To Have One. Image courtesy of Bonhams
Banksy, People Who Enjoy Waving Flags Don't Deserve To Have One (2003) sold for $77,400 (GBP57,500), more than the low estimate at Bonhams in London on October 17.
The sale was below the previous auction result by $228,000, realizing a 74% negative return. It last sold at auction in 2021 for $305,400 at Forum Auctions.
Spray paint on found st. george's cross flag, 132.0 x 95.0cm. The work has been traded 3 times in the past.
Sale Date | Price | Price Increase | Venue | City |
|---|---|---|---|---|
October 17, 2025 | $77,400 | -75 % | Bonhams | London |
March 21, 2024 | - | - | Bonhams | London |
April 23, 2021 | $305,400 | - | Forum Auctions | London |
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