Banksy Art Buff mural to be replaced after being offered for sale in Florida

Spo Brig

Spo Brig

2016-01-25 15:24:23

A Banksy mural removed from a wall and put up for auction in Florida is to be replaced after it was discovered that the consigner was not the real owner.

The work, titled Art Buff, first appeared on the wall of a building in Folkestone in 2014.

It was flown to Florida to appear in a street art auction, but failed to sell.

At the time the lease on the building was held by Dreamland Leisure Limited, however it later transpired that the company had only a 20 year lease on the building.

A Court ruled that the work actually belonged to the freeholder of the building.

The seller working on behalf of the consigner, Robin Barton, told the BBC: "It was only months later it was discovered there was a 'larger freeholder'. I work on handshakes only, so it was a mistake on my part…

“They tend to take two or three years to sell. With the Art Buff piece itself, it's not a pretty thing so you have to have a back story which is going to make it collectable to someone."

Banksy paintings have sold for large sums at auction in recent years, with one piece (a collaboration with Damien Hirst titled Keep it Spotless) sold for $1.8m at Sotheby’s.

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