Banksy’s Crude Oil Fetches £4.3 Million Following Vettriano’s Death

Banksy’s Crude Oil (Vettriano) sold for £4.3 million in London. The piece reinterprets Vettriano’s The Singing Butler, incorporating themes of environmental crisis. The auction occurred shortly after Vettriano’s death, with proceeds benefiting youth artists. Mark Hoppus previously owned the painting and plans to assist charitable causes with the funds.

A rare Banksy painting, Crude Oil (Vettriano), sold for £4.3 million (S$7.4 million) at a London auction on March 4, shortly after the announcement of Scottish artist Jack Vettriano’s death. This piece is a reinterpretation of Vettriano’s iconic The Singing Butler, which shows a couple dancing on a beach with staff holding umbrellas, making it the UK’s best-selling print.

The successful auction of Banksy’s Crude Oil highlights the artist’s ability to address contemporary issues through satire. The sale follows the death of Vettriano, further connecting the historic art scene with modern commentary. Mark Hoppus plans to support younger artists with the proceeds, indicating a shift in focus towards upcoming talent in the art community.

Original Source: www.straitstimes.com