Auction Forfeits Banksy Mural

Miami - A Banksy mural recently removed from a London street was withdrawn from auction at the last moment yesterday, just prior to the sale's 3:00 PM start time.

Art collectors of ArtKabinett social media network have mixed emotions regarding "chiseled-out" artworks.

The sale sparked a rancorous debate on who owns street art and when it can be sold.

The work, shown in its original site above, satirized Queen Elizabeth’s Diamond Jubilee. It was removed from the wall earlier this month. It re-appeared in a sale of modern, contemporary and street art at Fine Art Auctions Miami, estimated at $500,000 to $700,000.

“There’s a sense of outrage among local people,” Claire Kober, Leader of Haringey Council, said in an interview before the planned auction. “Banksy gives these paintings to communities. They’re cultural assets that generate a huge sense of civic pride. Morally, if not legally, we act as guardians rather than owners.”

Kober wrote to Tomas Regalado, mayor of Miami, on Feb. 21, appealing to the fellow local politician to stop the auction of the painting.

As of yesterday, she hadn’t received a reply, Kober said. After the sale was cancelled, she claimed it was a success for her campaign.

Bristol-born Banksy is the world’s most famous and expensive urban artist. A canvas by him sold for a record $1.9 million at auction in February 2008. In that same year, he introduced an authentication service, Pest Control, intended to regulate the market for his paintings and street murals.

Pest Control routinely fails to authenticate site-specific pieces, citing the artist’s desire to keep his public works in their original contexts.

Sotheby’s and Christie’s International and other leading auctioneers will not offer works without this certification.

“Slave Labour” had not been endorsed by Pest Control, according to the Fine Art Auctions Miami online catalog.

In London in 2008, Edinburgh-based auctioneers Lyon & Turnbull attempted to sell five site-specific spray paint and stencil works by Banksy that Pest Control refused to endorse. Ranging in value from 30,000 pounds to 150,000 pounds, they all failed to find buyers.

“Banksy prefers street work to remain in situ, and building owners tend to become irate when their doors go missing because of a stencil,” the authentication service said in a statement at the time.

This Miami auction was also to include the 2007 Banksy street painting, “Wet Dog,” estimated at $600,000 to $800,000. This three-ton stencil on concrete, showing the outline of a dog that has shaken wet paint over a wall, had been removed from the West Bank city of Bethlehem.

It was acquired and offered for sale by the New York City and Southampton, New York, dealer Stephan Keszler in 2011, initially priced at $420,000. This lot was removed from the Miami online auction shortly before the event started and Fine Art Auctions said it had also been withdrawn.

“Pest Control has done a good job regulating the market for Banksy street works that weren’t intended for sale,” Mike Snelle, director of the London-based gallery Black Rat Press, said in an interview. “If they haven’t got certification, they’re difficult to sell. You don’t know if they’re real.”

This weekend, two new stencils appeared on either side of the re-plastered hole in the Poundland wall where “Slave Labour” had been.

To the right, a sorrowful Banksy-style rat holds a placard saying, “Why?” To the left, a sign warns “Danger Thieves.” It is not as yet known whether the artist himself made these painted in the early hours of Feb. 22.