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Disputed Banksy graffiti art sold for $1.1M in London

A disputed Banksy graffiti artwork removed from a gritty London neighbourhood has sold for approximately $1.1 million US at auction.

Building owners moved forward with auction of street artwork despite protest

Acclaimed British graffiti artist Banksy created the stencil Slave Labour (Bunting Boy) on the side of a north London thrift shop in May 2012. Its removal for auction in February sparked widespread protest and led to its withdrawal from sale, but it sold on Sunday at a subsequent auction. (Haringey Council/Associated Press)

A disputed Banksy graffiti artwork removed from a gritty London neighbourhood has sold for approximately $1.1 million US at auction.

The provocative Slave Labour (Bunting Boy) sold at a private auction held by concierge firm The Sincura Group at the London Film Museum on Sunday, according to Bloomberg news service.

The spray-painted, stenciled work depicts a child labourer using an antique sewing machine to create a Union Jack bunting.

The graffiti piece appeared on an outer wall of a thrift shop in London's Wood Green district in May 2012, around the time of the celebrations surrounding Queen Elizabeth II's Diamond Jubilee. Viewed as a commentary on sweatshop labour, the work drew crowds of onlookers and art-lovers to the gritty Turnpike Lane area.

The artwork garnered widespread attention in February after reports that it had vanished — apparently chiselled off the thrift shop's exterior wall, which was then plastered over. When it turned up for auction in Miami, a vocal campaign calling for the return of Slave Labour (Bunting Boy) to its original site led to the piece being withdrawn from auction.

However, the owners of the building — the legal owners of the artwork — decided to try again, despite continued objections from British politicians and street-art fans that it be returned to the site where it was created to be enjoyed by the public.