The brazen theft of Banksy's Howling Wolf, immediately documented in the smartphone age, raises questions about the market value and ethics of stolen street art.
As with any artwork, it is worth what someone will pay for it, but offered on the black market it holds no intrinsic value, due to reputational risks.
Unlike secured museum artworks, Banksy’s street art is unprotected, making it an easier target for theft, despite the immediate consequences.
The uniqueness of the Banksy theft lies not in the act itself, but in its public execution and the unlikelihood of future sales for stolen works.
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