Woke Up to a Banksy? Here's What To Do

Discovering a Banksy on your property is a once-in-a-lifetime event – a thrilling mix of disbelief and sudden, unexpected wealth. But before you start planning your retirement, there's a crucial process to navigate. This guide will walk you through the steps you should take if you've woken up to find a potential Banksy masterpiece on your wall.

First Reactions: Document, Secure, and Remain Calm

Your initial reaction might be pure elation (or maybe a bit of confusion!), but it's vital to stay composed and take methodical action:

• Photograph Everything: Take high-resolution photos from multiple angles, including close-ups of the artwork's details and its location on your property. Document any existing damage to the wall or surrounding area. Time-stamped photos are crucial for verification.
• Secure the Artwork: Don't touch the artwork beyond what's necessary for documentation. Avoid cleaning or attempting any repairs. Consider temporarily covering the artwork to protect it from damage or vandalism, using a breathable material like acid-free tissue paper.
• Notify the Authorities (Discreetly): You might be tempted to immediately announce your discovery to the world, but discretion is key initially. Contact your local police department, providing them with photos and details about the location. This protects the artwork from theft or damage while verifying its authenticity.

Verifying Authenticity: Experts and Specialists

While you're likely buzzing with excitement, avoid prematurely declaring it a genuine Banksy. Authenticating a Banksy requires careful examination by specialists:

• Contact Art Authentication Experts: Reach out to reputable art authentication specialists with proven experience in verifying Banksy artworks. Many specialize in street art and can provide expert opinions based on the style, techniques, and materials used. Be prepared to pay for their expertise – this is a significant investment.
• Consult Banksy Experts: There are several reputable Banksy experts and websites dedicated to his work. Their insights can offer preliminary guidance, but formal authentication always requires professional analysis.
• Document the Process: Keep detailed records of all communications, expert consultations, and any other steps you take throughout the authentication process. This documentation is invaluable for insurance purposes and potential sale.

Protecting Your Investment: Insurance and Legal Counsel

Once you've established a high probability of authenticity, it's crucial to protect your newfound asset:

• Secure Insurance: Contact your insurance provider immediately to discuss insuring the artwork. You’ll need professional appraisal documentation to determine its value and secure adequate coverage. This protects against theft, damage, or other unforeseen circumstances.
• Seek Legal Advice: An art lawyer can guide you through the legal aspects of owning a Banksy, including potential sales, tax implications, and any disputes that may arise.

Selling or Keeping: The Big Decision

Finally, you face the exciting (and potentially daunting) decision: do you sell or keep your Banksy?

• Research the Market: Understanding the current market value of Banksy artworks is crucial. Consult art market analysts and auction houses for estimates.
• Consider Your Goals: Think about your financial situation and long-term goals. Selling could provide significant financial gain, but keeping the artwork might be a better investment in the long run, considering the potential appreciation in value.

Finding a Banksy is a momentous occasion. By carefully following these steps, you can ensure the artwork is protected, its authenticity verified, and you make informed decisions about your newfound possession. Remember, patience and professional guidance are key throughout this unique and exciting journey.

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(Note: This article provides general guidance. Always consult with professionals for specific advice related to your situation.)