When the eBay auction for Banksy’s latest mural closed, the winning bid was a whopping £208,100 (approx. $400,000).
The wall in question, located on Portobello Road in West London, belonged to Luti Fagbenle. He was quoted as having said that he couldn’t “really justify owning a piece of art worth as much as it is,” so he sold it
. The price did not include the removal of the piece, or the replacement of a graffiti-free wall.
This event falls only weeks before the world’s first ever Urban Art auction at Bonhams Fine Art Auctioneers on February 5th.