Banksy’s graffiti sells: $407,000

A few days ago, via Peoples Geography, I discovered the work of graffiti artist Banksy — rather behind the curve, judging from his history. I posted a particularly provocative work of his in this post within the past week.

Today CBS Evening News and other outlets report some enterprising building owner in London who recognized Banksy’s work, preserved it, and has auctioned it away on eBay. It fetched $407,000 US. (CBS video here)

Banksy art from a London wall

The work, depicting an artist in old-fashioned clothes putting the finishing touches on the word “BANKSY” spray-painted in red, was scrawled on a wall on the Portobello Road in the west London district of Notting Hill.

It was offered for sale on the e-Bay auction site and went for 208,100 pounds after attracting 69 bids.

The winner of the auction may well get the painting and the wall it is on, but they will have to calculate how to get the whole work delivered and pay to replace the wall.

“I am selling the wall because I can’t really justify owning a piece of art worth as much as it is,” said Luti Fagbenle, the owner of the property on which the graffiti is sprayed.

A political cartoon changed the life of one London building owner.

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