Banksy street art appears on American auction site

12:19 18 February 2013

Banksy

Banksy's 'Slave Labour' piece was stolen from the side of the Poundland store in Wood Green

Archant

A piece of street art by Banksy which disappeared from the side of a shop in Wood Green has now appeared for sale on an American auction website.

The work, thought to be that of the famous street artist, appeared on the side of the Poundland store in May. Known as Slave Labour (Bunting Boy), the piece shows a young boy hunched over s sewing machine sewing Union Jack bunting.

It has been interpreted as a reaction to the Queen’s Diamond Jubilee, the riots of 2011 and the London Olympics.

It has now been listed on Fine Art Auctions Miami site as one of the 118 pieces in a Modern, Contemporary and Street Art sale happening on Saturday. It has an estimate of $500,000-700,000 (£322,000-£450,000), and is the second Banksy piece in the sale, alongside 2007 work Wet Dog, which appeared in Bethlehem.

Fine Art Auctions Miami owner Frederic Thut said the work had been listed by a “well-known collector” had followed normal procedure, and had signed a contract to say “everything was above board.” The collector, who Thut refused to name, is not British and Slave Labour is in storage in Europe.

In 2011 a piece known as Sperm Alarm was taken from outside a hotel in central London ands appeared on eBay for £17,000. A gang of thieves, disguised as workmen, were caught trying to steal a piece from a derelict building in Liverpool in 2006.

Sign up for our news alerts today!

Our editors' picks for the day's top news delivered to your inbox or phone.

Sign up for email alerts Sign up for mobile alerts
1
2 3 4 5 6
7

Latest London news

Thursday, September 3, 2015
Police want to speak to this man (Photo: Metropolitan Police)

Detectives want to speak to this man after a woman was sexually assaulted as she waited for a bus on Wick Lane - at 1.30pm.

Thursday, September 3, 2015
A paramilitary police officer carries the lifeless body of Aylan Kurdi, 3, after a number of migrants died and a smaller number were reported missing after boats carrying them to the Greek island of Kos capsized. Picture: AP Photo/DHA/PA Images

A tweet from the account of UKIP candidate Peter Bucklitsch caused outrage today by stating Aylan Kurdi ‘died because his parents were greedy for the good life in Europe’.

Thursday, September 3, 2015
Natalia Czekaj was stabbed seven times

A plumber who sawed off his girlfriend’s head with a breadknife in north London has managed to escape a murder trial - because he is an alcoholic.

Thursday, September 3, 2015
Scotland Yard would like to identify this man (Picture: Met Police)

A predator followed a young woman off the number 12 bus and sexually assaulted her in East Dulwich, and police are now appealing for help to find him.

Thursday, September 3, 2015
Charlie the parrot

A parrot owner is suffering “off the scale” stress after losing his pet of 22 years in Islington on Saturday evening.

What is this?

Near You Now

Don't Miss...

Competitions

Happy viewing!

MyOffers are giving you that chance to win an amazing Samsung 55” Curve HD TV.

Read more
Get ready to take in the beautiful sights of London from above!

Are you always seeking unique ways to see your favourite city? This one is for you.

Read more
Shop till you drop!

Home to top name brands at great prices, TK Maxx is more like a treasure hunt than a shop. Perfect for grabbing a bargain or some hidden gems, you arm yourself with a trolley and go wild.

Read more