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Banksy’s identity may have been revealed, but does this mean the ‘magic’ is over?

As fans slam a Reuters report sharing the street artist’s suspected identity, some art dealers say his value isn’t driven by anonymity alone

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A suspected Banksy piece seen in Venice, Italy, in 2019, depicting a migrant child holding a pink flare. Fans of the guerilla street artist have mourned the apparent revelation of his identity, but art experts say his true magic is in his message rather than his anonymity. Photo: Reuters
Associated Press

Years before the rise of Instagram, Banksy figured out that the key to real influence lay not in being famous, but in anonymity.

The mystery of his identity has long been part of the value of his art, which, whether stencilled on public walls or self-shredded on the auction block, has defied authority across continents for decades.

Now, Banksy’s apparent unmasking by Reuters has generated talk about whether the works themselves retain their cultural and financial value.

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It also raises the question: why pop the red balloon of his mystique in the first place? Many Banksy fans mourned the loss of the mystery and lashed out at the news outlet. One said it was like being told without warning that Santa Claus does not exist.

A woman takes a picture of a suspected Banksy piece on a destroyed building in the Ukrainian town of Borodyanka, in November 2022. Photo: AP
A woman takes a picture of a suspected Banksy piece on a destroyed building in the Ukrainian town of Borodyanka, in November 2022. Photo: AP

“I feel like they are telling me how a magic trick is done,” says Thomas Evans, an artist based in Denver, in the US state of Colorado. “Sometimes I just want to enjoy the magic trick.”

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