Banksy artwork Brace Yourself! sells for over $2m at auction in US | Banksy

The Banksy artwork Brace Yourself! has sold for $2,032,000 (£1.6m), more than three times its original estimate, during an auction featuring a performance from the band that inspired the piece.

The anonymous artist created the work in 2010 for the British band then known as Exit Through the Gift Shop, who shared the same name he wanted to use for his 2010 documentary film.

To avoid copyright issues, the group agreed to Banksy’s offer to create a painting for them on the condition they changed their name.

The artwork, a large-scale painting of a grim reaper figure riding in a carnival bumper car, was sold to Miguel Garcia Larios, the owner of Rcnstrct Studio in Hollywood, during an event hosted by Julien’s Auctions in Beverly Hills.

Its original estimate was $600,000 and the sale was preceded by a live performance by Brace Yourself!, fronted by the singer Natalie Zalewska.

Zalewska previously said the sale was about preserving the artwork as a “piece of history”.

The Exit Through the Gift Shop documentary tells the story of Thierry Guetta, a Los Angeles-based Frenchman who videotapes underground art escapades and later finds fame with the moniker Mr Brainwash.

A portion of the proceeds from the sale of the artwork will go to the music charity MusiCares, which provides health, financial and rehabilitation support to people working in the sector.

Also featured in the auction was an original print of Banksy’s Girl With Balloon, which sold for $195,000, and more than 70 artworks from famous names such as the painter Bob Ross, the actor Jim Carrey and the Jane’s Addiction guitarist Dave Navarro.

In early March, Brace Yourself! was displayed in the window of the Hard Rock Cafe in Piccadilly Circus, London.

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