Flag (Silver)

Medium: Offset lithograph in black on silver metallic paper
Year: 2006
Sheet: 50×70 cm (19 3/4 x 27 1/2 inches)
Edition: 1,000 unsigned
Flag (Silver on Formica): 20 signed
Publisher: Pictures on Walls
Numbered in ink on verso with the publisher’s blindstamp
 

Flag (Gold)

Medium: Screen-print in black and gold on smooth wove metallic paper
Year: 2007
Sheet: 50×70 cm (19 1/2 x 27 1/2 inches)
Edition: 112 signed
Flag (Gold on Formica): 23 signed
Publisher: Pictures on Walls
Signed in black felt-tip pen
Artist’s Proof Edition: 20 signed AP given to the Ghetto Crew

‘Banksy’s supposed tribute to the normal people whose sacrifices help build a nation but who never get a statue made about them.
You can’t imagine they’re resting any easier in their beds now Banksy’s made a screen-print of them on shiny paper, but never mind.
This is the gold run-out done at the same time as last year’s silver and looks rather smart.’

 

Flag shows a group of children and young adults standing victoriously atop a burned-out car raising the American flag. The protagonists are portrayed as disenfranchised urban youths. With only one touch of color, represented by a large gold or silver (according to the edition) sun or moon, the scene bears a melancholic and mournful tone. Banksy’s work is a reference to the iconic photograph Raising the Flag on Iwo Jima by American photographer Joe Rosenthal, taken on 23 February 1945. The photo depicts six US Marines lifting the Stars and Stripes atop Mount Suribachi during the Battle of Iwo Jima.
 
Children are often a central motif in Banksy‘s work, used to symbolize the future as well as the severity of the issues being addressed. In Flag, as with many of Banksy‘s other works, its context is open to interpretation. One would think that those children represent America’s youth, still ambitious to achieve the American Dream. While others would suggest it might be a comment on the amount of money spent on war, leaving millions of men, women and children unsupported in ghettos, or even a nod to the moon landing.
Flag (Gold), 2006
Edition: 112 signed
Raising the Flag on Iwo Jima is an iconic photograph of six US Marines raising the U.S. flag atop Mount Suribachi during the Battle of Iwo Jima. The photograph, taken by Joe Rosenthal of the Associated Press  was first published in Sunday newspapers and reprinted in thousands of publications. It was the only photograph to win the Pulitzer Prize for Photography in the same year as its publication and was later used for the construction of the Marine Corps War Memorial in 1954, which was dedicated to honor all Marines who died in service since 1775.

The Associated Press has relinquished its copyright to the photograph, placing it in the public domain.

Flag comes into two different versions.
Flag (Silver) is the largest edition ever released by Banksy made of 1,000 unsigned prints.
Flag (Gold) was released in 2007, in a much smaller size edition of 112 signed prints.
Banksy also released, in 2008, a version of Flag (Silver) printed on Formica, in an edition of 20 signed prints, and a version of Flag (Gold) printed on Formica in an edition of 23 signed prints.
The Silver Edition was released as part of Banksy’s London Santa’s Ghetto exhibit in December 2006. 23 signed, silver prints were also printed on Formica.
The Gold Edition was released and available only to buyers in person in 2007 at Santa’s Ghetto in Bethlehem. This, too, was given a special edition of 20 that were printed on Formica.

Auction Market Overview

Flag (Silver)

2025 Sold 6 Times
Average Price: GBP 9,020 (USD 11,950)
Top Price: GBP 11,430 (USD 15,380) @ Sotheby’s online  on 24 September 2025
2024 Sold 6 Times
Average Price: GBP 9,418 (USD 12,165)
Top Price: GBP 10,200 (USD 13,575) @ Sotheby’s online  on 26 September 2024
2023 Sold 4 Times
Average Price: GBP 12,635 (USD 15,830)
Top Price: GBP 13,860 (USD 17,048) @ Christie’s online on 14 March 2023
2022 Sold 4 Times
Average Price: GBP 17,119 (USD 21,043)
Top Price: GBP 18,900 (USD 22,680) @ Sotheby’s online on 17 August 2022
2021 Sold 15 Times
Average Price: GBP 30,939 (USD 42,922)
Record Auction Price: GBP 42,880 (USD 58,746) @ Forum Auctions on 27 January 2021
2020  Sold 12 Times
Average Price: GBP 28,965 (USD 38,045)
Top Price: GBP 44,100 (USD 57,110) @ Sotheby’s online on 18 September 2020

 

Flag (Gold)

2025 Sold Once
Top Price: USD 28,160 (GBP 21,270) @ Bonhams New-York on 25 November 2025
2024 No Sale at Auction in 2024
2023 Sold Once
Top Price: GBP 27,720 (USD 33,640) @ Christie’s online on 28 September 2023
2022 Sold Twice
Average Price: GBP 43,575 (USD 53,802)
Top Price: GBP 50,400 (USD 63,505) @ Sotheby’s online on 26 April 2022
2021 Sold 4 Times
Average Price: GBP 60,898 (USD 84,195)
Record Auction HKD 756,000 (USD 97,400 / GBP 70,070)
@ Sotheby’s Hong-Kong on 20 April 2021
2020  Sold 4 Times
Average Price: GBP 47,676 (USD 63,137)
Top Price: GBP 72,560 (USD 95,780) @ Bonhams London on 8 October 2020

 

 

Flag (Silver)

2026 Auction Results

Heritage Auctions: 29 January 2026
No Estimates Received – No Reserve
USD 11,875

BANKSY (b. 1974)
Flag (Silver), 2006
Screenprint in colors on wove paper
Edition: 487/1000
Numbered in ink verso
Published by Pictures on Walls, London

2025 Auction Results

Forum Auctions: 10 December 2025
Estimated: GBP 5,000 – 7,000
GBP 4,800 (Hammer)
GBP 6,355 / USD 8,495

BANKSY (b.1974)
Silver Flag, 2006
Screenprint on silver Chromolux paper
Numbered from the edition of 1000 in black ink verso
Printed and published by Pictures on Walls, London, with their blindstamp

Sotheby’s London: 24 September 2025
Estimated: GBP 7,000 – 9,000
GBP 11,430 / USD 15,380

BANKSY (b. 1974)
Flag (Silver), 2006
Screenprint in black and silver on chromolux paper
Numbered 838/1000 in black felt-tip pen verso with the publisher’s blindstamp

Tate Ward: 13 August 2025
Estimated: GBP 6,000 – 8,000
GBP 7,280 / USD 9,885

BANKSY (British 1974-)
Flag (Silver), 2006
Screenprint on silver chromalux paper
Numbered from an edition of 1000 in black pen verso

Tate Ward Auctions: 15 May 2025
Estimated: GBP 7,000 – 9,000
GBP 9,600 / USD 12,770

BANKSY (British 1974-)
‘Flag (Silver)’, 2006
Screenprint on silver cheomalux paper
Numbered from an edition of 1000 in black pen verso

Christie’s online: 1 April 2025
Estimated: GBP 8,000 – 12,000
GBP 10,080 / USD 13,023

BANKSY
Flag (Silver), 2006
Screenprint in black on silver Chromolux paper
Numbered 289/1000 in black felt-tip pen on the reverse, with the publisher’s blindstamp

Tate Ward Auctions: 19 March 2025
Estimated: GBP 7,000 – 9,000
GBP 9,375 / USD 12,150

BANKSY (British 1974-)
‘Flag (Silver)’, 2006
Screenprint on silver chromalux paper
Numbered from an edition of 1000 in black pen verso

2024 Auction Results

Forum Auctions: 29 October 2024
Estimated: GBP 7,000 – 9,000
Hammer: GBP 7,500
GBP 10,050 / USD 13,045

BANKSY (b.1974)
Silver Flag, 2006
Screenprint on silver Chromolux paper
Numbered from the edition of 1000 in black ink verso, with the publisher’s blindstamp

Sotheby’s online: 26 September 2024
Estimated: GBP 7,000 – 9,000
GBP 10,200 / USD 13,576

BANKSY (b. 1974)
Flag (Silver), 2006
Screenprint in black and silver on chromolux paper
Numbered 884/1000 in black felt-tip pen verso, with the publisher’s blindstamp

Tate Ward: 18 September 2024
Estimated: GBP 6,000 – 8,000
GBP 8,750 / USD 11,366

BANKSY (British 1974-)
Flag (Silver), 2006
Screenprint on silver chromalux paper
Numbered from an edition of 1000 in black pen verso

Tate Ward: 19 June 2024
Estimated: GBP 7,000 – 9,000
GBP 8,750 / USD 11,156

BANKSY (British 1974-)
Flag (Silver), 2006
Screenprint on silver chromalux paper
Numbered from an edition of 1000 in black pen verso

Forum Auctions: 11 June 2024
Estimated: GBP 6,000 – 8,000
GBP 7,000 (Hammer)
GBP 9,380 / USD 11,9,60

BANKSY (b.1974)
Silver Flag, 2006
Screenprint on silver Chromolux paper
Numbered from the edition of 1000 in black ink verso with the publisher’s blindstamp

Tate Ward: 20 March 2024
Estimated: GBP 7,500 – 9,500
GBP 9,375 / USD 11,890

BANKSY (British 1974-)
Flag (Silver), 2006
Screenprint on silver chromalux paper
Numbered from an edition of 1000 in black pen verso

2023 Auction Results

Christie’s online: 28 September 2023
Estimated: GBP 10,000 – 15,000
GBP 12,600 / USD 15,397

BANKSY
Flag (Silver)
screenprint in black, 2006, on silver Chromolux paper, numbered 289/1000 in black felt pen on the reverse, published by Pictures on Walls, London, with their blindstamp

SBI Art Auction: 15 July 2023
Estimated: JPY 1,200,000 – 1,800,000
JPY 2,530,000 / USD 18,228 / GBP 13,921

BANKSY
Flag (Silver), 2006
Screenprint
Embossed on the lower left, Numbered on the reverse
From the edition of 1,000

Sotheby’s online: 20 April 2023
Estimated: GBP 10,000 – 15,000
GBP 10,160 / USD 12,648

BANKSY
Flag (Silver), 2006
Screenprint on silver chromalux paper
Numbered 993/1000 verso, with the publisher’s blindstamp

Christie’s online: 14 March 2023
Estimated: GBP 10,000 – 15,000
GBP 13,860 / USD 17,048

BANKSY
Flag (Silver), 2006
Screenprint on silver chromalux paper
Numbered 648/1000 in black felt pen on the reverse with the publisher’s blindstamp

2022 Auction Results

Flag (Silver) sold 4 times at auction in 2022, at an average price of GBP 17,119 (USD 21,043). Its highest price for 2022 of GBP 18,900 (USD 22,680) was achieved at Sotheby’s online on 17 August 2022.

Sotheby’s online: 17 August 2022
Estimated: GBP 8,000 – 12,000
GBP 18,900 / USD 22,680

BANKSY (b. 1974)
Flag (Silver), 2006
Screenprint on Chromolux paper
Numbered 610/1000 verso, with the publisher’s blindstamp

Heritage Auctions: 28 July 2022
Estimated: USD 10,000 – 15,000
USD 22,500

BANKSY
Flag (Silver), 2006
Screenprint on silver chromalux paper
Numbered 454/1000 in ink on reverse

2021 Auction Results

Tate Ward London: 7 December 2021
Estimated: GBP 15,000 – 18,000
GBP 18,000 / USD 25,125


BANKSY (British 1974-)
‘Flag (Silver)’, 2006
Screenprint on silver chromalux paper
Numbered from an edition of 1000 in black pen verso
Published by Pictures On Walls

Bonhams London: 22 September 2021
Estimated: GBP 18,000 – 25,000
GBP 21,500 / USD 29,885

BANKSY (British, born 1974)
Flag (Silver), 2006
Screenprint in colors, 2006 on chromolux paper
Numbered 505/1000 in black felt-tip pen verso
Published by Pictures on Walls, London, with their blindstamp

Forum Auctions: 10 June 2021
Estimated: GBP 20,000 – 30,000
GBP 22,000 (Hammer)
GBP 29,480 / USD 41,860


BANKSY (b.1974)
Silver Flag, 2006
Screenprint on silver Chromolux paper
Numbered from the edition of 1000 in black ink verso
Printed and published by Pictures on Walls, London, with their blindstamp

Christie’s London: 1 April 2021
Estimated: GBP 15,000 – 25,000
GBP 32,500 / USD 44,850
BANKSY (B. 1974)
Flag (Silver), 2006
Screenprint in black on Chromolux paper
Numbered 690/1000 in black pen on the reverse
Published by Pictures on Walls, London, with their blindstamp

Sotheby’s online: 18 March 2021
Estimated: GBP 7,000 – 9,000
GBP 32,760 / USD 45,536
BANKSY
Flag (Silver), 2006
Screenprint on silver chromalux paper
Numbered 322/1000 in black ink on verso with the publisher’s blindstamp
Forum Auctions: 5 March 2021
Estimated: GBP 10,000 – 15,000
GBP 20,000 (Hammer)
GBP 26,800 / USD 37,250
BANKSY (b.1974)
Silver Flag, 2006
Screenprint in colors on wove paper
Numbered from the edition of 1000 in black ink verso
Printed and published by Pictures on Walls, London, with their blindstamp
Bonhams London: 25 February 2021
Estimated: GBP 18,000 – 25,000
GBP 37,750 / USD 53,295
BANKSY (British, born 1975)
Flag (Silver), 2006
Screenprint in colors on chromolux paper
Numbered ‘578/1000’ in black felt-tip pen verso
Published by Pictures on Walls, London, with their blindstamp
Heritage Auctions: 10 February 2021
USD 45,000
BANKSY (b. 1974)
Flag (Silver), 2006
Screenprint in colors on paper
Edition: 16/1000
Published by Pictures on Walls, London

Forum Auctions: 25 January 2021
Estimated: GBP 25,000 – 35,000
GBP 32,000 (Hammer)
GBP 42,880 / USD 58,745
AUCTION RECORD FOR FLAG (SILVER)

BANKSY (b.1974)
Silver Flag, 2006
Screenprint on wove paper
Numbered from the edition of 1000
Printed and published by Pictures on Walls, London, with their blindstamp

 

 

Flag (Gold)

Bonhams online: 25 November 2025
Estimated: USD 24,000 – 34,000
USD 28,160


BANKSY (born 1974)
Gold Flag, 2007
Screenprint in colors on gold foil coated Chromolux paper
Signed in felt-tip pen and numbered 21/112 on the reverse
With the blindstamp of the publisher Pictures on Walls, London

Christie’s online: 28 September 2023
Estimated: GBP 20,000 – 30,000
GBP 27,720 / USD 33,640

BANKSY
Gold Flag, 2008
Screenprint in colors on Gold foil coated Chromolux paper
Signed in black ink, numbered 55/112 on the reverse, with the publisher’s blindstamp

Sotheby’s New-York: 3 October 2022
Estimated: USD 40,000 – 60,000
USD 44,100

BANKSY
Gold Flag, 2007
Screenprint on gold foil coated Chromalux paper
Signed in felt-tip pen (lower right)
Numbered 40/112 with the blindstamp of the publisher (on the verso)

Sotheby’s online: 26 April 2022
Estimated: GBP 40,000 – 60,000
GBP 50,400 / USD 63,504

BANKSY
Flag (Gold), 2007
Screenprint on gold foil coated Chromalux paper
Signed in black pen, lower left

Numbered 60/112 in black pen on verso with the publisher’s blindstamp, lower left

Sotheby’s Hong-Kong: 20 April 2021
Estimated: HKD 200,000 – 400,000
HKD 756,000 / USD 97,400 / GBP 70,070
AUCTION RECORD FOR FLAG (GOLD)

BANKSY (b. 1974)
Gold Flag, 2007
Screenprint
Signed, numbered 29/112 and marked with publisher’s blind stamp

Sotheby’s London: 18 March 2021
Estimated: GBP 15,000 – 20,000
GBP 56,700 / USD 78,815

BANKSY (b. 1974)
Gold Flag, 2007
Screenprint on gold foil-coated Chromalux paper
Signed in black felt-tip pen
Numbered 47/112 verso
With the publisher’s blindstamp, Pictures on Walls, London

Forum Auctions: 25 January 2021
Estimated: GBP 50,000 – 70,000
GBP 48,000 (Hammer)
GBP 64,320 / USD 88,120

BANKSY (b.1974)
Gold Flag, 2008
Screenprint in colors on Gold foil coated Chromalux paper
Signed in black ink, numbered from the edition of 112 verso
Printed and published by Pictures on Walls, London, with their blindstamp

Flag (Formica)

Bonhams London: 29 March 2023
Estimated: GBP 30,000 – 50,000
GBP 38,100 / USD 46,905

BANKSY (born 1974)
Formica Flag – Silver, 2007
Screenprint in colors on formica
Incised with the artist’s signature, numbered 10/20 in ink on the lower left corner (verso)

Bonhams London: 3 March 2022
Estimated: GBP 40,000 – 60,000
GBP 69,000 / USD 93,840

BANKSY
Formica Flag (Silver), 2006
Screenprint in colors on formica
Incised with the artist’s signature and inscribed ‘4 Mat, Banksy AP’
An Artist’s Proof aside from the edition of 20
Sotheby’s online: 18 March 2021
Estimated: GBP 50,000 – 70,000
GBP 81,900 / USD 113,841

BANKSY
Flag (Formica – Gold), 2008
Incised with the artist’s signature
Numbered 15 (from the edition of 23)
Sotheby’s online: 18 March 2021
Estimated: GBP 50,000 – 70,000
GBP 75,600 / USD 105,084
BANKSY
Flag (Formica – Silver), 2008
Incised with the artist’s signature
Numbered 15 (from the edition of 20)