The Art Newspaper has reported that employees of the company that authenticates and publishes Banksy prints “Pictures on Walls” (POW), have been selling unauthorized Banksy prints on eBay. Not only have the Banksy prints been forged with a replica POW stamp and fake Banksy signature, but they have also used shill bidding, where the bids are artificially inflated by friends of the seller.
A whistelblower that was involved with the scam alerted the Art Newspaper to the eBay auctions. There were anything from 25 to 100 fake Banksy prints sold.
Revealed: the eBay Banksy print fraud
In a statement Banksy, his dealer Steve Lazarides, and the directors of POW, confirmed that unauthorised prints “have been sold on eBay” and stressed that they along with members of the public “have been victims of criminal behaviour”. The company has launched a full-scale investigation and is inviting concerned collectors wanting to reauthenticate their Banksy prints to come forward.” The Art Newspaper