Banksy Opens Gross Domestic Product Online Store After Pop-Up Closure
Banksy has launched an e-commerce site called Gross Domestic Product (GDP) following a brief pop-up shop in Croydon, South London. The store sells handmade, recycled items referencing his iconic works, such as a brick clutch bag and a riot shield disco ball. The move is partly a legal strategy to retain trademark rights against greeting card company Full Color Black, which reproduces his graffiti on cards. Under EU law, a brand must be actively used commercially to maintain trademark protection. The pop-up, which opened during Frieze Week, displayed items behind a locked door before closing after ten days. The online store operates via a registration system until October 28, with random selection for buyers; sales are limited to low-income individuals, excluding wealthy collectors. Prices start at £10. Banksy's auction record at Sotheby's in London, where 'Devolved Parliament' fetched nearly £2 million, preceded this venture. The site warns that products may be disappointing upon delivery.
Key facts
- Banksy opened a pop-up shop in Croydon, South London during Frieze Week.
- The pop-up was open for about ten days and displayed items behind a locked door.
- The online store is called Gross Domestic Product (GDP).
- Products are handmade from recycled materials and reference Banksy's works.
- The store operates via a registration system until October 28 with random buyer selection.
- Sales are limited to low-income individuals; prices start at £10.
- The venture is partly a legal strategy against Full Color Black, which sells Banksy graffiti cards.
- EU law requires active commercial use to maintain trademark rights.
- Banksy's 'Devolved Parliament' sold for nearly £2 million at Sotheby's during Frieze Week.
- The site warns that products may be disappointing upon delivery.
Entities
Artists
- Banksy
Institutions
- Full Color Black
- Sotheby's
Locations
- Croydon
- London
- United Kingdom