Banksy's 'Show Me The Monet' is the star lot of the auction on October 21. Getty Images
Banksy's 'Show Me The Monet' is the star lot of the auction on October 21. Getty Images
Banksy's 'Show Me The Monet' is the star lot of the auction on October 21. Getty Images
Banksy's 'Show Me The Monet' is the star lot of the auction on October 21. Getty Images

Banksy’s ‘Show me the Monet’ to go on sale for up to £5 million


  • English
  • Arabic

Street artist Banksy's tongue-in-cheek tribute to renowned impressionist Claude Monet will go on sale at Sotheby's in London for an estimated £3-5 million (Dh14.2-23.7m).

The oil painting, titled Show me the Monet, dates from 2005 and features the beloved French painter's lily pond strewn with jarring additions including partially submerged shopping trolleys and a floating traffic cone.

The work is due to go on sale at a livestreamed auction in London on Wednesday, October 21, where estimates suggest it could sell for up to £5 million. It was first shown as part of the elusive street artist's second gallery exhibition in the UK capital 15 years ago.

The painting was unveiled on Friday for the start of a two-day preview and will travel on to New York and Hong Kong this month.

Sotheby’s European head of contemporary art, Alex Branczik, said: “In one of his most important paintings, Banksy has taken Monet’s iconic depiction of the Japanese bridge in the impressionist master’s famous garden at Giverny and transformed it into a modern-day fly-tipping spot.

“Ever prescient as a voice of protest and social dissent, here Banksy shines a light on society’s disregard for the environment in favour of the wasteful excesses of consumerism.”

A Banksy painting depicting British members of parliament as chimpanzees sold for £9.9 million in what is believed to be a record for the artist.

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  • A graffiti by British street artist Banksy showing a dove with a bulletproof vest is seen in the Israeli occupied West Bank town of Bethlehem on March 15, 2017. AFP
    A graffiti by British street artist Banksy showing a dove with a bulletproof vest is seen in the Israeli occupied West Bank town of Bethlehem on March 15, 2017. AFP
  • Two men are sitting in front of a famous graffiti of British street artist Banksy, painted on a wall of a gas station in the West Bank city of Bethlehem on December 16, 2015. AFP
    Two men are sitting in front of a famous graffiti of British street artist Banksy, painted on a wall of a gas station in the West Bank city of Bethlehem on December 16, 2015. AFP
  • A Palestinian boy walks past a Banksy mural of children using an Israeli army watch tower as a swing ride in Beit Hanoun, Gaza, as seen on April 10, 2015. EPA
    A Palestinian boy walks past a Banksy mural of children using an Israeli army watch tower as a swing ride in Beit Hanoun, Gaza, as seen on April 10, 2015. EPA
  • 'The Flower Thrower', arguably one of the most famous works by Banksy, depicts a masked Palestinian man throwing a bouquet of flowers, seen in Bethlehem on December 12, 2018. EPA
    'The Flower Thrower', arguably one of the most famous works by Banksy, depicts a masked Palestinian man throwing a bouquet of flowers, seen in Bethlehem on December 12, 2018. EPA
  • Palestinians ride a motorcycle past words thought to be painted by British street artist Banksy on the wall of destroyed homes in Beit Hanoun town in northern Gaza. Pictured on April 10, 2015. EPA
    Palestinians ride a motorcycle past words thought to be painted by British street artist Banksy on the wall of destroyed homes in Beit Hanoun town in northern Gaza. Pictured on April 10, 2015. EPA
  • A work by Banksy, seen in Bethlehem in December 2007. The stencilled work has been interpreted to depict a small girl in a dress, thought to be Palestinian, frisking an Israeli soldier. EPA
    A work by Banksy, seen in Bethlehem in December 2007. The stencilled work has been interpreted to depict a small girl in a dress, thought to be Palestinian, frisking an Israeli soldier. EPA
  • An armed Palestinian policeman stands before 'The Armoured Dove', a graffiti painting by Banksy depicting a peace dove wearing a flak jacket with crosshairs on the bird's chest, painted on a wall at the entrance to the West Bank city of Bethlehem, as photographed on January 6, 2019. EPA
    An armed Palestinian policeman stands before 'The Armoured Dove', a graffiti painting by Banksy depicting a peace dove wearing a flak jacket with crosshairs on the bird's chest, painted on a wall at the entrance to the West Bank city of Bethlehem, as photographed on January 6, 2019. EPA
  • Banksy opened The Walled Off Hotel in Bethlehem in 2017. EPA
    Banksy opened The Walled Off Hotel in Bethlehem in 2017. EPA
  • A view through a window inside The Walled Off Hotel. EPA
    A view through a window inside The Walled Off Hotel. EPA
  • A room at The Walled Off Hotel in Bethlehem with a work by Bansky, depicting an Israeli soldier and a Palestinian protester during a pillow fight. EPA
    A room at The Walled Off Hotel in Bethlehem with a work by Bansky, depicting an Israeli soldier and a Palestinian protester during a pillow fight. EPA
  • A graffiti mural of a kitten by Banksy, on the wall of the Al Shimbari family's home, which was damaged during the 2014 conflict between Israel and Hamas, in Beit Hanoun in northern Gaza. Seen on February 27, 2015. EPA
    A graffiti mural of a kitten by Banksy, on the wall of the Al Shimbari family's home, which was damaged during the 2014 conflict between Israel and Hamas, in Beit Hanoun in northern Gaza. Seen on February 27, 2015. EPA
  • 'Scar of Bethlehem' is a modified nativity set that Banksy created for the Walled Off Hotel in Bethlehem in December 2019 . EPA
    'Scar of Bethlehem' is a modified nativity set that Banksy created for the Walled Off Hotel in Bethlehem in December 2019 . EPA
  • A rumoured work by Banksy, depicting a camel with human figures climbing up and down its legs. Seen on December 4, 2007. EPA
    A rumoured work by Banksy, depicting a camel with human figures climbing up and down its legs. Seen on December 4, 2007. EPA
  • A stencilled work by Banksy, showing an Israeli soldier asking a donkey for its identity card, seen on December 4, 2006. EPA
    A stencilled work by Banksy, showing an Israeli soldier asking a donkey for its identity card, seen on December 4, 2006. EPA
  • A mural by Banksy in Beit Hanoun, as seen in February 2015, depicts a bent figure wearing a head scarf, painted on the door of a home destroyed by the Israeli military in 2014. EPA
    A mural by Banksy in Beit Hanoun, as seen in February 2015, depicts a bent figure wearing a head scarf, painted on the door of a home destroyed by the Israeli military in 2014. EPA
  • Graffiti thought to be by Banksy, as seen in December 2007 in Bethlehem. The white donkey has what appears to be a small Palestinian village on its bac,k and the black donkey carries on its back what appears to be a modern Israeli town. The work was not signed by Banksy. EPA
    Graffiti thought to be by Banksy, as seen in December 2007 in Bethlehem. The white donkey has what appears to be a small Palestinian village on its bac,k and the black donkey carries on its back what appears to be a modern Israeli town. The work was not signed by Banksy. EPA
  • Banksy street art on the entrance to the Aida refugee camp in Bethlehem, as seen on April 18, 2019. EPA
    Banksy street art on the entrance to the Aida refugee camp in Bethlehem, as seen on April 18, 2019. EPA
  • This stencil of a tank being towed away on the wall of a house on a main street in Bethlehem is credited to Banksy, but not signed, as seen December 4, 2007. EPA
    This stencil of a tank being towed away on the wall of a house on a main street in Bethlehem is credited to Banksy, but not signed, as seen December 4, 2007. EPA
Benefits of first-time home buyers' scheme
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  • Discounts on sales price of off-plan units
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  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
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Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
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Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

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Price: From Dh117,059

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Group A
Kyrgyzstan v Qatar, 5.45pm
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N Korea v UAE, 10.15pm
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Engine: 2.0-litre turbocharged inline four-cylinder (X2); 3.0-litre twin-turbo inline six-cylinder (X3)

Power 192hp @ 5,000rpm (X2); 355hp @ 5,500rpm (X3)

Torque: 280Nm @ 1,350rpm (X2); 500Nm @ 1,520rpm (X3)

Transmission: Seven-speed automatic (X2); Eight-speed automatic (X3)

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Build an emergency fund: Make sure you have enough cash to cover six months of expenses as a buffer against unexpected problems before you begin investing, advises Steve Cronin, the founder of DeadSimpleSaving.com.

Think long-term: When you invest, you need to have a long-term mindset, so don’t worry about momentary ups and downs in the stock market.

Invest worldwide: Diversify your investments globally, ideally by way of a global stock index fund.

Is your money tied up: Avoid anything where you cannot get your money back in full within a month at any time without any penalty.

Skip past the promises: “If an investment product is offering more than 10 per cent return per year, it is either extremely risky or a scam,” Mr Cronin says.

Choose plans with low fees: Make sure that any funds you buy do not charge more than 1 per cent in fees, Mr Cronin says. “If you invest by yourself, you can easily stay below this figure.” Managed funds and commissionable investments often come with higher fees.

Be sceptical about recommendations: If someone suggests an investment to you, ask if they stand to gain, advises Mr Cronin. “If they are receiving commission, they are unlikely to recommend an investment that’s best for you.”

Get financially independent: Mr Cronin advises UAE residents to pursue financial independence. Start with a Google search and improve your knowledge via expat investing websites or Facebook groups such as SimplyFI. 

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1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

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Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

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Sun jukebox

Rufus Thomas, Bear Cat (The Answer to Hound Dog) (1953)

This rip-off of Leiber/Stoller’s early rock stomper brought a lawsuit against Phillips and necessitated Presley’s premature sale to RCA.

Elvis Presley, Mystery Train (1955)

The B-side of Presley’s final single for Sun bops with a drummer-less groove.

Johnny Cash and the Tennessee Two, Folsom Prison Blues (1955)

Originally recorded for Sun, Cash’s signature tune was performed for inmates of the titular prison 13 years later.

Carl Perkins, Blue Suede Shoes (1956)

Within a month of Sun’s February release Elvis had his version out on RCA.

Roy Orbison, Ooby Dooby (1956)

An essential piece of irreverent juvenilia from Orbison.

Jerry Lee Lewis, Great Balls of Fire (1957)

Lee’s trademark anthem is one of the era’s best-remembered – and best-selling – songs.