SOLD!” while others said, “I need Banksy’s whole new GDP shop collection.”. In order to purchase pieces, you have to jump through a few hoops. The reason to open the store is not only artistic - there is a trademark dispute between… proudly thumbs its nose at capitalism, political leaders, and even customers. Considering that Gross Domestic Product has yet to begin accepting orders, however, it could be that the store itself is nothing more than a clever, Banksy-branded social statement. The items on offer range from mugs (£10, or about $12.80), purses (£750/$960), couch cushions (£150.00, or $190, for a pair), and—particularly impressive—a T-shirt with Banksy’s Girl With Balloon (2006) screenprinted on it, its bottom half shredded into cloth tendrils just as the actual work was shredded after it sold in London at Sotheby’s last October for about $1.4 million. Opening Soon.". London's new Gross Domestic Product is no ordinary housewares outlet. , the chance of scoring anything from his “store” seems incredibly slim. Cookies help us deliver our Services. With the establishment of GDP – whose products feature the artist’s name followed by a ™ symbol – Banksy has been able to keep control of his name and sell directly to his fans, much in the way that American street artist KAWS has been operating since the opening of his Original Fake stores in 2006 and now with his website where his new toys are released. Required to release a range of branded mugs the artist got the kids to do it, then signed the result. We analyse the demand for the work in question, take into consideration previous sales and auction valuations, we assess the current gallery valuation and monitor the current deals taking place via MyArtBroker every day. While unorthodox in its approach to the art market, the project was well-received by critics and fans alike. According to news channel ITV, Banksy made the decision after taking advice from lawyer Mark Stephens, following the greeting-card company starting legal proceedings around a year ago. Each of the shop-window displays contain numerous works of art created by Banksy, including the stab vest worn by Stormzy during his headline set at Glastonbury this summer. Gross Domestic Failure – Banksy trademark portfolio “at risk” after registration ruled invalid in EU. The reason to open the store is not only artistic – there is a trademark dispute between Banksy and a greeting-cards company using the Banksy brand while selling products with Banksy motives. You will shortly receive a welcome email so please check your inbox. Dezeen Weekly is a curated newsletter that is sent every Thursday, containing highlights from Dezeen. Find out more about Banksy’s ‘Gross Domestic Product’ series, browse prints & editions for sale & view the works wanted by active buyers right now. "Banksy is in a difficult position because he doesn't produce his own range of shoddy merchandise and the law is quite clear – if the trademark holder is not using the mark, then it can be transferred to someone who will," Stephens is reported as saying. Including the ideas," continued the statement. The shirt is comparatively affordable: just £30, around $38.50. "A greetings cards company are trying to seize legal custody of the name Banksy from the artist, who has been advised the best way to prevent this is to sell his own range of branded merchandise. I got one! 13 September 2019, Banksy comments on the sale of the “Devolved Parliament” at Sotheby’s. The shop appeared a year after the famous shredding stunt at Sotheby’s London when, as the hammer came down on one of his best-known paintings, Girl With Balloon, a self-destruct device was activated and the painting appeared to fall from its frame only to be shredded as the audience looked on in horror and amusement. The centerpiece is a decaying reading lounge adorned with a shredded leather chair and a fireplace surrounded by stenciled jacquard wallpaper. A post shared by Master Prophet (@tomravenscroft_) on Oct 2, 2019 at 1:11pm PDT. Customers can only window shop. Gross Domestic Product doesn’t operate like a typical shop. “I had the legal sheet pinned up in the studio like a muse.” He adds: “John Lennon said: ‘I’m an artist, give me a tuba and I’ll get something out of it.’ I feel the same way about a trademark dispute.”, The goods on display will be sold on the website www.grossdomesticproduct.com. ... Banksy pin I bought at a art convention years ago. Unlike traditional home goods stores, the storefront is the store. Elsewhere, a headstone reads, “You have now reached your destination.”, A post shared by Banksy (@banksy) on Oct 11, 2019 at 12:07pm PDT, The store’s opening appears born of necessity. Banksy is a British street artist whose identity is unknown. Home goods stores aren’t known for making bold socio-political statements. I have bought (and sold) several works by Banksy through them over the past 5 years including, recently, a signed Love Rat. has been operating since the opening of his Original Fake stores in 2006 and now with his website where his new toys are released. I have known them for a bunch of years and have transacted on multiple pieces with them, including Bansky and Lorenzo Quinn. MyArtBroker is a curated site, meaning we feature artists that our collectors say they want. I can highly recommend My Art Broker if you decide to invest in art, especially Banksy prints. Stitched throw pillows proclaim that “Life’s too short to take advice from a cushion.” In another display hangs a disco ball repurposed from a disused police helmet and a welcome mat stitched from life jackets used by refugees in a Greek detainment camp. Notes: A small shipping charge will be added to this order. Which one did you pick and what do you plan on doing with the piece? "The showroom is for display purposes only and the doors will not open.