This article will discuss why does art matter to banksy and his private collectors.

His claim is that even if a work was authentic and signed by Banksy himself, that it is no better than a painted t-shirt or a postcard as it will lose value when the owner wants to sell it. Banksy has many large and top-dollar artworks for sale all over the world.

So what is it that makes these pieces so valuable? We will find out and look into the nature of art and other contributors to value in a New Perspective.

Why Banksy's haunts have spiked heavily

The man behind Banksy has been in the public eye for more than a decade now, so it is clear that his art pieces, even some that were originally thought to be fake, have almost always been real and authentic.

Moreover, an analysis of his paintings from 15 years ago will prove that they are the best of Banksy's entire career. His work have also been in huge collections for more than 10 years, so he has gained a lot of recognition and respect from the art world.

Arguably, Banksy's value doesn't come from the artists themselves but rather from the past buyers and investors. Even before the art pieces could be verified as authentic, they were purchased and valued.

Some of Banksy's most expensive works are still on the market and continue to be sold at prices that would shock people in the art world.

"He's constantly reinventing himself and the success he's had is being tied to the value of his image," Joseph Hainy, a director of Sotheby's in London, told The Independent in May 2015.

"We are dealing with a unique personality who is willing to go to extreme lengths to protect his identity. He has never made his identity public, so people see him as a modern-day Robin Hood."

So Banksy's art work may sell for millions of dollars, but the real person behind this fascinating artist may not be as valuable as the art itself.

In addition to art collectors, bankers are interested in Banksy's personal lives, as he has made sure to live very modestly, very rarely spending more than $1,000 at a time.

Banksy's underrated history

It is important to understand Banksy's true origins to understand the context of his art and life.

While many people know Banksy as an elusive, like-minded artist with a penchant for vandalism, it is important to realize that his career spans more than a decade and reveals a tale of a person who has created an unlikely career based on almost anything he feels like doing at a given moment.

From street art, politics, and even mall art, Banksy's work stretches across a vast range of his favorite interests, from music to graphic design to painting to sculpture to even self-publishing.

He has had so much success because of his unique style that gets people talking. He is known for painting a vast amount of murals in towns and cities around the world.

His art has even been translated into video games and some of his artwork even manages to translate his graffiti with different languages.

Some of Banksy's works, like 'Girl with Balloon' and 'Symbol of the October Revolution' were first given to the public in London as a gift in 2008.

In the following years, they were quickly auctioned for huge sums of money, but the artist remained anonymous. Now, over 10 years later, his identity has been revealed.

About the artist:

Jack Shepherd has been Banksy's most devoted disciple, and the curator of Banksy's first ever retrospective, 'The Girl With A Balloon' at the Royal Academy in London in 2006.

He was credited by the artist with developing Banksy's photographic techniques, developing a set of internationally recognised techniques, along with assisting in the production of the works.

It is believed that his relationship with Banksy began at an exhibition of the artist's work in Bristol in the 1990s.

"Banksy was one of the earliest artists I met," he told an interviewer for London's Evening Standard in 2005. "We clicked straight away. I found him very intelligent and very philosophical."

"Banksy was always his own PR man," Mr Shepherd said. "His first big success was running a stall selling his photographs in Bristol.

People weren't interested in Banksy and it wasn't exactly a commercial success either. I think he got embarrassed about it. He said, 'Sod it. I'll do the same thing I'm doing now and take over and make it look like it's mine.'"

Banksy would pay him for working on his pictures and the two became close friends.

Banksy told the interviewer: "I first met Jack at a stall selling my stuff in a Bristol market in the 1990s. He was basically the first person outside my family to buy my stuff and was a big supporter, so we just got to know each other over time."

Mr Shepherd denies being involved in any underhand deals to sell the work at an inflated price. "He'd get the prints printed, stick them in the front room and the kids would go, 'Why is there a big picture of a cat on your wall?'" he told the Evening Standard.

"I'd explain it and say, 'That's a Banksy.' We'd sit in there for an hour going, 'He does these terrific slogans.' That's what got me into him."