At a private event in London hosted by Sincura, Banksy’s controversially seized London mural “Slave Labor” seems to have been sold for more than £750k or $1.1m. Though a definitive price is elusive in Scott Reyburn’s excellent story on Bloomberg:
Prospective buyers had been invited to make offers for the painting of more than 900,000 pounds in a 3½-hour silent auction that closed at 9:30 p.m. Invitees sipped Taittinger champagne and listened to house music as they admired the newly-framed mural flanked by a pair of security guards.
At the end of the event, Sincura had received three bids of more than 750,000 pounds, the London-based dealer Robin Barton, who was representing the restored mural’s owners, said in an email. […]
Barton, whose Bankrobber dealership specializes in Banksy, said in an e-mail on May 30 that a U.S.-based collector had already offered to buy the painting for $1 million and that he expected it sell for a higher price with Sincura.