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

Saturday, February 28, 2015
A 15-year-old boy was stabbed to death on Caledonian Road Pic: Google

Teen managed to carry on riding before collapsing - murder investigation launched

Friday, February 27, 2015
CCTV footage shows when the driver loses control of the black Honda car in Hampton Road

This jaw-dropping footage shows the moment a speeding driver smashes his Honda into five parked cars in a quiet residential street before fleeing.

Friday, February 27, 2015
A teenager was stabbed near the Emirates minutes before Arsenal's Champions League game

Knife attack - just prior to Champions League game - fifth in borough this month

Friday, February 27, 2015
The Tube worker was sacked beacsue London Underground said her condition was 'too risky' (Photo by Oli Scarff/Getty Images)

London Underground has been accused of adopting 19th century values after a tube worker was sacked simply because she had epilepsy, according to MPs.

Friday, February 27, 2015
The Mayor with Nathan Bostock, Chief Executive of Santander (Photo by Steve Bardens/ Getty Images for Santander)

The Mayor of London took a new red Boris Bike out for a spin this morning as he announced Santander was taking over from Barclays as sponsor of the city’s cycle scheme.

Latest Stories from SNAP.PA

These February 29 celebrities are a lot younger than you might think, sort of.

Read more

The one-way mission to Mars has shortlisted five Britons, but for those who are less keen, look no further than Earth.

Read more

Can Harry Kane repeat his New Year’s Day magic? Will Chelsea gain revenge for their defeat in 2008?

Read more

Promoted content

A look at one of our previous Design Fairs

Chelsea Old Town Hall will be the venue for the renowned Desire Fair from 6-8 March 2015. This stunning mixed media jewellery and silversmithing event where visitors can purchase direct from contemporary designer makers selected from the best in the UK is an event not to be missed.

Take our quiz and find out!

A survey conducted last year revealed that Britain is the fourth sexiest country in the world, with the UK sex toy industry worth an estimated £250 million a year.

What is this?

Near You Now

Don't Miss...

Among the charitable causes the prince hopes to champion are wildlife conservation and justice for injured service personnel.

Although Farage may not have mentioned the fascist pre-conference entertainment, his speech showed he’s very aware of his party’s image.

Leonard Nimoy is currently dominating six of the top trend slots on Twitter. His fans, friends and co-stars should be proud.

Quirky London