The Huffington Post reports this afternoon that Banksy’s ‘Slave Labour’ mural sold at a private London auction last night for £750,000 (see our feature below).
 
The auctioneers had received three bids of more than £750,000, the London-based dealer Robin Barton, who was representing the restored mural’s owners, said in an email to Bloomberg.
 
The 2012 work ‘Slave Labour, depicting a child in a sweatshop sewing Union Jack bunting, was hacked off the wall of the Poundland, and appeared at Fine Art Auctions in Miami, to [a] wave of protests from Haringey Council, Lynne Featherstone MP and thousands on social media.
 
The freeholder of the building where the piece was painted is Wood Green Investments, a property firm owned by Essex-based businessmen Robert Davies, 60, and Leslie Gilbert, 49. Speaking to The Sunday Times, the pair refused to confirm or deny whether they were involved in removing the work or even whether they owned the building. “We’re businessmen, so our primary concern is making money, and I can’t see the benefit for us of setting the record straight about this at the moment,” said Gilbert.
 
Turner Prize winning artist Grayson Perry said the work had been “destroyed” when it was removed from the wall of the Poundland. Speaking at an event to celebrate 100 years of conservation at Historic Royal Palaces, Perry said: “The most interesting thing about it for me was that Banksy said the minute they dug it off the wall it wasn’t a Banksy any more.”
 
Full article here.