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World 'Stolen' Banksy statue could fetch $1.3m at auction

13:25  18 november  2019
13:25  18 november  2019 Source:   cnn.com

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LONDON — The British street artist Banksy pulled off one of his most spectacular pranks on Friday night, when one of his trademark paintings appeared to self-destruct at Sotheby’s in London after selling for $ 1 .4 million at auction .

‘ Stolen ’ Banksy may fetch £ 1 m after reappearing at auction house. British artist Andy Link claims The Drinker was stolen from him. A " stolen " artwork left by Banksy in central London is expected to fetch up to £ 1 m at auction – despite an ongoing dispute over the rightful ownership.

A British artist is contesting the sale of a "stolen" Banksy statue, which could sell at auction for £1m.

a statue of a cat sitting on top of a building: A statue deposited overnight without authorisation at the junction of Shaftesbury avenue and St. Giles high street in London February 27, 2004. The sculpture 'The Drinker' which has a traffic cone permanently attached to its head is a parody of Rodin's famous 'The Thinker', and a comment on binge-drinking and behaving badly in public by graffiti artist Banksy. REUTERS/HO/Steve Lazarides  PN© Steve Lazarides/Reuters A statue deposited overnight without authorisation at the junction of Shaftesbury avenue and St. Giles high street in London February 27, 2004. The sculpture 'The Drinker' which has a traffic cone permanently attached to its head is a parody of Rodin's famous 'The Thinker', and a comment on binge-drinking and behaving badly in public by graffiti artist Banksy. REUTERS/HO/Steve Lazarides PN

Banksy's "The Drinker" is described by auction house Sotheby's as a "subversive recreation" of Auguste Rodin's "The Thinker" -- a pensive nude bronze sculpture.

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The statue reappeared this autumn in the Sotheby’s auction catalogue for the 19 November Representatives for Banksy declined to comment. Link said that, as the statue had been But he said he could not afford to challenge the sale. “Lawyers are asking from £18,000 up just to take the case

The elusive world-famous British street artist Banksy has reportedly pulled off one of the greatest art heists Balloon girl self-destructs on fetching $ 1 . 3 mn at Sotheby’s auction (VIDEOS). “You could argue that the work is now more valuable,” Branczik said. “It’s certainly the first piece to be

Adorned with a traffic cone as a hat, "The Drinker" -- made of industrial materials -- was originally erected near Shaftesbury Avenue in 2004, before it was "stolen" by artist Andy Link, the leader of the art group Art Keida, according to Sotheby's.

Link, also known by the moniker AK47, told CNN that the statue had been "abandoned and dumped" by Banksy.

"I did it as a bit of a stunt, a bit of a prank," Link said in a phone interview, adding that he made efforts to return the statue to the artist, and had contacted the police to see if it had been reported as lost or stolen.

The statue remained unclaimed, and so Link said he kept it until 2007, when it was taken from his garden. Link said he reported the theft to police, and registered the loss on an art theft registry.

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A Banksy statue titled, ‘The Drinker’ is predicted to fetch the highest price at a Sotheby’s auction on Tuesday The statue is now listed for auction with an estimated sale price of £750,000 to £ 1 m “ I did the right thing, and reported it to the police,” he said, “ I do not understand how Sotheby’s can sell

“You could argue that the work is now more valuable,” Branczik said. “It’s certainly the first piece to be spontaneously shredded as an auction ends.” “ Banksy did it again to the art market that he so despises,” he said about the latest prank by an artist who continues to mess with the conventions of

a statue of a man: Banksy's © Chesnot/Getty Images Banksy's "The Drinker" is a "subversive recreation" of "The Thinker" by Auguste Rodin.

The sculpture will be auctioned by Sotheby's in London on Tuesday. It is expected to fetch between £750,000 and £1 million ($970,000 to $1.3 million).

According to Sotheby's, the work was "mysteriously retrieved" from Art Kieda in an "anonymous heist," and was later acquired by its present owner in 2014.

"We are satisfied that the consignor has the right to sell the work and as part of our pre-sale due diligence we consulted both the Metropolitan Police and the Art Loss Register," the auction house told CNN in a statement.

But Link argues that the statue still belongs to him, and claims he has original police documents proving his ownership.

The artist said he has made Sotheby's aware that the ownership of the art is contested.

The feud between the two artists made headlines and in 2016, the film "The Banksy Job," followed how the saga of the sculpture unfolded.

London's Metropolitan police told CNN on Sunday there is no active criminal investigation into the matter.

CNN has reached out to representatives for Banksy for comment.

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