It was one of those classic “you really had to be there” moments. Last Sunday, on a New York pavement in Central Park, an unremarkable, elderly street vendor was selling dozens of what appeared to be “spray art” canvas prints for US$60 (Dh220) a pop. Buyers, unaware of what they’d just handed over their money for, walked away carrying under their arms signed Banksy originals that are actually worth up to 330 times what they paid for them.
It was 3.30pm before the first sale was made to a woman who bought two small canvases for her children, but not before negotiating a 50 per cent discount. One man from Chicago, who said that he was decorating his house and needed “something for the walls”, bought four. The total takings for the day? Four hundred and twenty dollars. In true Banksy fashion, the establishment was once again rocked by a mysterious man who continues to make the art world real, visceral, exciting. The man is on a mission all right, but he attracts as many despisers as he does fanatical followers, dividing opinion on whether he’s a guerrilla artist or simply a talented vandal.
Currently on a month’s unofficial residence in New York, the urban anarchist, book author and Oscar-nominated filmmaker is in the process of producing a work per day, with his trademark spray-paint graffiti art popping up all over the city, as well as some more left-field affairs, such as the “Sirens of the Lambs” – a slaughterhouse truck driving around the streets of the Meatpacking District with cuddly toy animals poking their heads through its tight, heavily stained slats. The term “genius” is often misapplied when referring to artists, but anyone who’s seen what Banksy is up to Stateside right now would struggle to think of a more apt way of describing him.
Part of Banksy’s genius is his self-imposed permanent anonymity. Nobody, apart from his agent and one journalist who interviewed him face-to-face in 2003, can say for sure who he is or what he looks like – he once said that his parents still think that he’s just a really successful painter and decorator, and even the UK’s Mail on Sunday newspaper, after a year-long investigation, was unable to positively identify him. When Time magazine selected him as one of the 100 most influential people in the world in 2010, he supplied for publication a photograph of him with a (recycled, naturally) paper bag covering his head.
One of his works while in New York is another truck, decked out inside like a botanical garden, and somebody snuck a tracking device onto it, something that Banksy found and, according to his website, fitted to “a car service in Queens”. Necessity is the mother of invention and, it would appear, some people need to know who Banksy really is.
He isn’t remotely original in what he does, if you listen to his fiercest critics who claim his work is derivative. They say that he’s copying others, such as the French artists Blek le Rat and Jef Aérosol, who were busying themselves with his particular art form in the early 1980s, when the Brit was probably still getting to grips with crayons in school. Banksy dismisses this, only admitting to having been inspired by 3D, who went on to become part of the trip-hop trio Massive Attack, but if you see the works of Le Rat and Aerosol, you’ll know what people are saying. Because, while the use of previously formed stencils in street art is something that Banksy has made world famous, he was certainly not the first to use this method of image creation.
He once claimed that he took too long when producing his graffiti works, often getting caught before finishing, and that using stencils was the only way around this. But those who take this craft seriously think that the use of preformed stencils is akin to cheating, and Banksy definitely doesn’t take himself or his work seriously. On his website a few years ago, he put up a photograph of some of his work being auctioned, along with a caption that read: “I can’t believe you morons buy this s***.” But buy it they do, and his originals often fetch millions of dollars, collected by high-profile celebrities such as Brad Pitt and Angelina Jolie. Someone once sold a property that Banksy had painted on, through a dealer, as one of his pieces but with a free house attached. It’s perhaps unsurprising, then, that his identity is such a contentious subject.
What we do know about him from the various (usually email) interviews that he has given over the years, is that he was raised in the British city of Bristol, a cultural melting pot from where Massive Attack, Portishead, Tricky and other trip-hop acts started to emerge in the late 1980s. He’s believed to be in his 40s and to have started painting on public property when in his early teens. Apart from the fact that his permanent residency since 1999 has been London, that’s about it. And his fans appreciate this anonymity as part of his magic, railing against the media’s attempts to expose him.
His notoriety has pushed him into the mainstream – something that his critics say makes him a sell-out – but while he’s obviously become extremely wealthy as a result, he still says that he’s given away thousands of paintings for free and he’s not averse to raising money for good causes, having auctioned many pieces to swell the coffers of charities close to his heart.
Still, he seems able to remain a renegade rather than a celebrity in the traditional sense. According to the art critic and Turner Prize judge Louisa Buck: “Banksy needs the art establishment in an inverted way, because if it didn’t exist, he wouldn’t have something not to care about; like a naughty boy who needs a parent to rebel against. But he’s a genuine artist who lives in the real world.”
His real world knows no international boundaries, having been touring the globe over the past decade, producing work in Australia, all over the US and Europe, as well as the Middle East. And his pieces have not always been stencilled graffiti, either. For instance, after checking with animal health experts, as part of an exhibition in Los Angeles in 2006, he painted a live elephant in red with a fleur-de-lis pattern. LA’s animal-rights advocates were incandescent and the authorities demanded that the paint be washed off, but flyers distributed to the gathered crowd of wealthy onlookers made the point that: “There’s an elephant in the room ... 20 billion (sic) people live below the poverty line.”
Before he became a household name, Banksy showed his mischievous streak by invading major museums, including the Louvre in Paris, where he managed to install an image of the Mona Lisa, plastered with a smiley-face sticker. And during a previous visit to New York, he attached a small portrait of a woman – which he had found and modified to depict her wearing a gas mask – to a wall in the Metropolitan Museum of Art.
But it wasn’t until 2005 that Banksy became an international superstar. In August that year, he painted a series of images on a concrete wall in the West Bank: a girl clutching balloons as she’s transported to the top of the wall, stencilled children with bucket and spade dreaming of a beach and a boy with a ladder – each one a moving observation on the theme of escape.
Five years later, Banksy’s first feature film, Exit Through the Gift Shop, premiered at the Sundance Film Festival. It told the story of a French immigrant who lives in Los Angeles and is obsessed with street art, and with Banksy in particular. It went on to be nominated for an Academy Award and debate still rages as to whether it was a genuine documentary or simply a made-up story. Banksy has, however, consistently stated that it was real, but it would have made for a more interesting Oscars ceremony if he’d actually won on the night.
The Middle East market has proved as receptive to his work as anywhere else, with a gallery in Dubai offering 10 of Banksy’s lithograph prints for sale in June 2011, and several pieces were displayed at last year’s Legends of Street Art exhibition in Abu Dhabi’s Yas Viceroy hotel.
To coincide with his current US tenure, he was interviewed via email by New York’s Village Voice (a publication he said he can relate to, as it provides quality content for free) and said: “I started painting on the street because it was the only venue that would give me a show. Now, I have to keep painting on the street to prove to myself it wasn’t a cynical plan. Plus, it saves money on having to buy canvases.
“But there’s no way round it – commercial success is a mark of failure for a graffiti artist. We’re not supposed to be embraced in that way. When you look at how society rewards so many of the wrong people, it’s hard not to view financial reimbursement as a badge of self-serving mediocrity.”
New Yorkers are not sure what to do about the work that Banksy is leaving behind. Some city officials have arranged for his work to be painted over, often within hours of it being completed, while others are adamant that it should be left alone. Other “street artists” have been defacing the pieces, moves seen by the majority as straightforward jealousy. But Banksy appears to be unfazed and, while risking his anonymity, he’s pressing on with his piece-a-day mission.
“New York calls to graffiti writers like a dirty old lighthouse. We all want to prove ourselves here,” he told the Village Voice. “I chose it for the high foot traffic and the amount of hiding places. Maybe I should be somewhere more relevant, like Beijing or Moscow, but the pizza isn’t as good.”
As for the stall selling his originals, Banksy says on his website: “Please note: This was a one-off. The stall will not be there again today.” Yes, you really had to be there.
khackett@thenational.ae
Follow us @LifeNationalUAE
Follow us on Facebook for discussions, entertainment, reviews, wellness and news.
The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
The specs
Engine: Four electric motors, one at each wheel
Power: 579hp
Torque: 859Nm
Transmission: Single-speed automatic
Price: From Dh825,900
On sale: Now
Volvo ES90 Specs
Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)
Power: 333hp, 449hp, 680hp
Torque: 480Nm, 670Nm, 870Nm
On sale: Later in 2025 or early 2026, depending on region
Price: Exact regional pricing TBA
COMPANY PROFILE
Company name: SimpliFi
Started: August 2021
Founder: Ali Sattar
Based: UAE
Industry: Finance, technology
Investors: 4DX, Rally Cap, Raed, Global Founders, Sukna and individuals
Emergency phone numbers in the UAE
Estijaba – 8001717 – number to call to request coronavirus testing
Ministry of Health and Prevention – 80011111
Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre
Emirates airline – 600555555
Etihad Airways – 600555666
Ambulance – 998
Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries
UAE's role in anti-extremism recognised
General John Allen, President of the Brookings Institution research group, commended the role the UAE has played in the fight against terrorism and violent extremism.
He told a Globsec debate of the UAE’s "hugely outsized" role in the fight against Isis.
"It’s trite these days to say that any country punches above its weight, but in every possible way the Emirates did, both militarily, and very importantly, the UAE was extraordinarily helpful on getting to the issue of violent extremism," he said.
He also noted the impact that Hedayah, among others in the UAE, has played in addressing violent extremism.
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
At a glance
Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.
Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year
Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month
Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30
Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse
Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth
Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances
Company profile
Date started: Founded in May 2017 and operational since April 2018
Founders: co-founder and chief executive, Doaa Aref; Dr Rasha Rady, co-founder and chief operating officer.
Based: Cairo, Egypt
Sector: Health-tech
Size: 22 employees
Funding: Seed funding
Investors: Flat6labs, 500 Falcons, three angel investors
A MINECRAFT MOVIE
Director: Jared Hess
Starring: Jack Black, Jennifer Coolidge, Jason Momoa
Rating: 3/5
List of alleged parties
May 15 2020: PM and Carrie attend 'work meeting' with at
least 17 staff members
May 20 2020: PM and Carrie attend 'bring your own booze'
party
Nov 27 2020: PM gives speech at leaving do for his staff
Dec 10 2020: Staff party held by then-education secretary
Gavin Williamson
Dec 13 2020: PM and Carrie throw a flat party
Dec 14 2020: London mayor candidate Shaun Bailey holds staff party at Conservative
Party headquarters
Dec 15 2020: PM takes part in a staff quiz
Dec 18 2020: Downing Street Christmas party
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EQureos%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EUAE%0D%3Cbr%3E%3Cstrong%3ELaunch%20year%3A%20%3C%2Fstrong%3E2021%0D%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%20%3C%2Fstrong%3E33%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3ESoftware%20and%20technology%0D%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3E%243%20million%0D%3Cbr%3E%3C%2Fp%3E%0A
The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
Sunday's fixtures
- Bournemouth v Southampton, 5.30pm
- Manchester City v West Ham United, 8pm
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
UAE currency: the story behind the money in your pockets
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
The specs
AT4 Ultimate, as tested
Engine: 6.2-litre V8
Power: 420hp
Torque: 623Nm
Transmission: 10-speed automatic
Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)
On sale: Now
Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
Available: Now
The specs
Engine: 4.0-litre flat-six
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Test
Director: S Sashikanth
Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan
Star rating: 2/5