Liverpool based Samuel Beilin and Partners has sold five pieces of wall art by street artist Banksy to an anonymous Qatari buyer for $5.2m.
The wall art, which includes the infamous “White Rat” from the White House public house in Duke Street Liverpool, was to have been loaned to North Point Global Group for display at their proposed Berry House Gallery development in the Baltic Triangle area of the City.
But North Point recently announced that this scheme, as well as their others in the City, would not be proceeding.
A spokesman for Samuel Beilin and Partners said “Whilst it is disappointing that this wall art is leaving Liverpool our client believed that it had become tainted by all of the adverse publicity being aimed at North Point Global Group by both the Liverpool Echo and Liverpool City Council.
“They have therefore completed a sale to an overseas buyer who will be exhibiting the works, along with many others, across the Middle East very soon.
The Rat was on the wall of the old White House pub in Berry Street for years before it was taken down in 2013 so the building could be restored.
THe Love Plane was removed from a wall in Rumford Street last year as the building was being refurbished.
A spokesman for North Point Global Group said “We are not surprised that these valuable and highly sought after works have been sold but with the sale of our investment and development properties ongoing we weren’t able to accommodate them and both the Liverpool Echo and Liverpool City Council have made it impossible for us to carry on business in the City.”
from Construction Enquirer http://www.constructionenquirer.com/2017/09/21/stalled-liverpool-developer-sells-3-85m-banksys/
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