Banksy artwork sells for £1m at Newcastle auction house after worldwide interest

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An original Banksy artwork has sold at a North East auction house for £1million after the piece went on display in the area earlier this month.

The Merrivale Stable, a small fiberglass model, which was secretly added to the Merrivale Model Village in Great Yarmouth last summer by the anonymous British street artist, was part of Banksy’s ‘Great British Spraycation’ tour.

This unique piece was offered to market for the first time today (January 27) as part of the modern art and design auction at Anderson & Garland Auctioneers in Newcastle, and comes after going on public display Monday and Wednesday of this week.

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Anderson & Garland Managing Director Julian Thomson said: “We were delighted to have been chosen by the owners to sell the piece on their behalf.

“Although they are now based in East Anglia, they have strong ties to the North East and their parents used to frequent our auction room.

“From the moment this beautiful story hit the press, it captured the attention of collectors around the world. Interest was high and it eventually produced many bidders that day. There was fantastic buzz in the auction room and after a bidding battle the hammer finally fell, achieving a great result for the client”.

Here are some photos of Banksy’s work:

Echo of the North:

Echo of the North:

Owners Frank and Frances Newsome decided to auction the piece to secure the future of the tourist attraction, with the Merrivale stable eventually being sold to a private British collector.

Speaking about the artwork, Mr. Newsome said, “My family and I are absolutely thrilled with the outcome today. This is a fantastic result for the park. We were thrilled to be able to sell the model in the North East. We enjoyed the whole auction experience and Anderson & Garland were a pleasure to work with.

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