Aerosol spray on particle board. This work is unique. provenance is Banksys first business partner Jon Swinstead who was the original investor that set up Pictures on Walls with Banksy. They worked together for several years and shared office/studio. The work is accompanied with a note from Jon Swinstaed confirming the above. This seller bought in person from Jon Swinstead in London at his house.
In Lyon & Turnbull´s sale , Saturday 27th September 2008 there is another "Drill Rat" from the exact same stencil. In the same catalogue is also the "Photographer Rat" from Jon Swinstead that we have in our collection. See photos.
On June 8th 2018 Digard Auctions in Paris hammered 188.000 euro for a similar piece. Exactly same stencil and same size. But studio works are so boring.
The e-mail basicaly goes "Hi Peter, As I think you know I worked with Banksy for several years. I was the original investor that set up Pictures On Walls. When we parted company he left these test sprays in his office, he didn´t want them. They were by him and not others. The bollard (Photographer Rat) I´ve had for a long time. He painted that Bolard right outside my house and eft it there. He knows I have it as we discussed it at the time - but as it is street PCO won´t formaly authenticate...
This work is featured on Flickr Banksy Pool.
Exhibeted at Læsø Kunsthal - Summer 2019 - "The Political Art" - full page in the catalogue.