InvestorsHub Logo
Replies to #6996 on Auri Inc (AURI)
icon url

Ramiel

05/29/15 6:14 AM

#6997 RE: Ramiel #6996

On 18 February, BBC News reported that a recent Banksy mural, known as the Slave Labour mural portraying a young child sewing Union Flag bunting (created around the time of the Diamond Jubilee of Elizabeth II) had been removed from the side of a Poundland store in Wood Green, north London, and soon appeared for sale in Fine Art Auctions Miami's catalogue (a US auction site based in Florida). News of this has reportedly caused "lots of anger" in the local community and is considered by some to be a theft. Fine Art Auctions Miami has rejected claims of theft, saying it had signed a contract with a "well-known collector" and that "everything was above board"; despite this, the local Councillor for Wood Green is campaigning for the work's return.[86]

On the scheduled day of the auction, Fine Art Auctions Miami announced that it had withdrawn the work of art from the sale.[87]

On 11 May, BBC News reports that the same Banksy mural is up for auction again in Covent Garden by the Sincura Group. The auction is scheduled to take place in June. It is expected to fetch up to £450,000.[88] On 24 September, after over a year since his previous piece, a new Banksy mural went up on his website along with the subtitle 'Better Out Than In'.