The Banksy street art piece called "Slave Labour" which was removed from the wall of Wood Green's Poundland earlier this year has now re-emerged for sale in an exclusive London art auction.

Organisers, The Sincura Group, will be selling the Banksy alongside work by Damien Hirst, Andy Warhol, Mario Testino and others at an exclusive event where you can "join celebrities and special guests ... for the VIP showing". However if you are not on the guest list you can buy a ticket for £50 via the Sincura website.

A florid Press Release refers to the recent history of the piece: "The Banksy mural 'Slave Labour',  mysteriously disappeared from a north London wall amid wild speculation and intrigue" - which makes chiseling a section of plastered brickwork into the back of a van sound far more exciting than the sordid reality.

After leading a "Bring back our Banksy" campaign at the time of the removal Haringey Council have agreed with the owners of the Poundland building that a new artwork will be commissioned.

Now that the original has re-emerged in London will the calls to restore it to its original location once again be made?

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In a response to this news Haringey Councillor for Noel Park Ward, Alan Strickland, commented via Twitter that it was: "unbelievable that art freely enjoyed by the public for so long can now only be seen for a £50 ticket!"

He has criticised Sincura for selling the artwork, and called on people to e-mail the organisers of the sale demanding the return of the Wood Green Banksy.

What I find really unbelievable is that there is so much fuss, and so much money, circling around what, in the final analysis is nothing more than a simple posterised stencil.

Yes - that's all it is.   Same as picasso's simple drawing of a dove or a nazi swastika.  When you look at them all you see is a white squiggle or a sort of square thing - isn't it?

Now, everybody's an artist EXCEPT people who can actually competently draw, paint, or sculpt.

What I see is a crudely-executed satirical cartoon, the conceptual content of which I happen to agree with - but the idea that this should be worth £0.7M is beyond ludicrous.

I have to agree with Kathleen - whilst the work itself may be simple and replicable it is what it represents that is important.

Firstly as a piece of site-specific public art placed on the wall of Poundland by the artist.

But also in terms of its message or comment, since the last failed auction, over 1,000 Dhaka textile workers have died in unsafe conditions whilst creating cheap clothes for sale all along Wood Green High street. To sell this piece at a "celeb and vip"champagne auction for private profit is scandalous.

The price gained at auction should not be a measure of the work - and none of it will be going to the artist.

and none of it will be going to the artist.

Actually, that's not quite true, as although Banksy would not get anything from this sale, the secondary-market prices achieved at auction do help set primary-market prices for a living artist.

But also in terms of its message or comment, since the last failed auction, over 1,000 Dhaka textile workers have died in unsafe conditions whilst creating cheap clothes for sale all along Wood Green High street.

By that criterion, Steve Bell's daily cartoons in the Guardian should all be selling for millions, as he comments in a no-holds-barred manner on the many injustices of our corruptly-run society.

To sell this piece at a "celeb and vip"champagne auction for private profit is scandalous.

Agreed.

The saga continues with more twists and turns:

statement by the organisers of the London auction, the Sincura Group, makes it clear that the Banksy Work "Slave Labour" will not be sold at the London auction and art show event - it will be available to view at the Covent Garden Flower Cellars as the "centerpiece" of the £50 per head celeb and vip event.

Tony Baxter head of the secretive "fixers" organisation Sincura has stated in a hastily produced statement, rushed out on a weekend evening, that his organisation has offered Londoners a chance to see the work "again its home city before it disappears forever" ...omitting of course that residents of Haringey and local visitors had the chance to view it for free on the streets of Wood Green before it was unceremoniously chopped from the wall of Poundland.

Unlike every other piece in this, or any of the other art shows they organise, Mr Baxter of Sincura feels the need to point out in his statement that neither Scotland Yard nor the FBI have identified this as stolen.

It appears that the likely final destination of the public artwork created in Wood Green will be a private collector in the USA.

I like the way they try to push the wrongdoing back on to the artist, calling it an "illegally painted mural"

Just in case anyone missed the depressing conclusion to this story the Banksy artwork was sold to a "Mystery private buyer" for thee quarters of a million pounds at an exclusive champagne reception last week - The Huffington Post carries the full story - including this instructive exchange from the owners of the Poundland Building:

The freeholder of the building where the piece was painted is Wood Green Investments, a property firm owned by Essex-based businessmen Robert Davies, 60, and Leslie Gilbert, 49.

Speaking to The Sunday Times(£), the pair refused to confirm or deny whether they were involved in removing the work or even whether they owned the building.

“We’re businessmen, so our primary concern is making money, and I can’t see the benefit for us of setting the record straight about this at the moment,” said Gilbert.

Ars gratia artis?

Ars gratia artis?

Ars pro emolumentum :

Ars gratia artis?

Ars pro emolumentum

Pecuniam propter Deum!    :)

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