Pest Control was set up in 2008 and is run by Banksy to authenticate genuine works by the artist. In There is always half of a fake tenner bill stapled to the Certificate of Authenticity. Pest control keeps the other as a match to further ensure no forgery can be made, and verifies the provenance by writing the same set of numbers on each half of the ripped bill.
Read the below article for more background on it, it’s fascinating how this idea came about.
That is such a wonderful, rudiemtary way of proving authenticity of the certificate that shows how sometimes simplicity works. I must admit I do wish provenance and authencitiy was more widely documented on some standarized chain used accross the art ecosystem –similarily to watches. The concept of everyone looking for watches on the secondary market with “box and papers” is ludicrous!
Thank you for sharing the documents. Nothing out of the ordinary from my point of view. I would think we could probably insure the LIITA for the market cap at mint ($15m) though fair market value for the phsyical is probably more around the $6m-$7m mark I would think.