Banksy artwork removed from wall could have been flogged for staggering £2m

A Banksy mural that was ripped from the wall of an old electrical shop in Suffolk could have been sold for as much as £2 million.

Back in November, the mural, known as 'Crowbar Girl', was cut from the wall of the old Lowestoft Electrical shop in the Suffolk town and carefully loaded onto the back of a lorry.

The piece was spray-painted onto the side of the shop by world-famous graffiti artist Banksy last August as part of his 'Great British Spraycation' series.

Its removal sparked disappointment from the town in general, as many hoped that this and the other Banksys in Lowestoft would bring more tourism to the town.

When the art was ripped from the wall two months ago, it was rumoured that it would be shipped to the US and auctioned in California, but that prediction is now thought to be incorrect.

As the Mirror reports, it's now believed that the piece never actually left the UK.

Darren Julien, chief executive of Julien's Auctions in California, confirmed last week that the piece had been sold privately.

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He said: "The owner sold the piece out from under us so we will not be offering it. He’s been flakey."

Banksy collector John Brandler said the mural could have sold for £1.5 million – £2 million a buyer in the UK and believes that Julien's low guide price – apparently £200,000-£400,000 – had deterred the seller.

Mr Brandler said: "Julien's published such a low estimate that it just wasn't worth the guy's while.

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"It didn't go to the US. It's still in the UK in storage."

The decision to remove the work was slammed by Lowestoft residents, who hoped that it'd attract tourism to the town.

The disused electrical shop, which was listed on the market for £300,000 prior to Banksy's trip to Suffolk, was then re-listed for £500,000 before being removed from the market.

Gary and Nadine Schwartz, who own the building, declined to comment on the sale of 'Crowbar Girl'.

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