Banksy Art Exits Through the Auction Block

A mural called “Slave Labor,” created by anonymous street artist Banksy, was spray-painted onto the side of a bargain store in London last May.  The mural was chiseled from the wall and appeared in a Fine Art Auctions Miami online catalogue with an estimated sale of $500,000 to $700,000.

The artwork was set to go on sale Saturday Feb. 23, but a spokesman from the Fine Art Auctions Miami confirmed that the sale has been halted.  Members of the London community believe their protests helped stop the sale.  A new mural appeared to replace the missing artwork, but it is unknown if it is work by Banksy.

Banksy’s work first gained global fame with the Oscar-nominated 2010 documentary “Exit Through the Gift Shop.”  Will Ellsworth-Jones released a biography “Banksy: The Man Behind the Wall” on Feb. 12, which discusses the artist’s struggles with anonymity and success.

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