Last week Banksy sold soup painting at Bonhams

A supermarket soup painted by Bristol-born graffiti artist Banksy topped the bill at an urban art sale that looked to have been hit by the credit crunch.

The street painter's oil canvas, entitled Tesco Value Tomato Soup, was sold at auction for £117,600 – smashing its £80,000 estimate.

It was the most expensive item at the Bonhams' sale in London on October 23, and while other Banksy pieces were also sold nearly a third of the auction's items failed to find a buyer. A total of 74 of the 122 lots were sold.

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