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Artwork to be auctioned

The artwork is now to be auctioned by the Sincura Group - the same company which arranged the sale of Banksy's "Slave Labour" in May.

The Sincura Group claims the street graffiti has been "salvaged for renovation" and is now under their management. A statement on its website reads:

"A number of attempts have been made over the past to deface the piece...

"With extensive building works taking place in the local vicinity, and further concerns upon its safety, the piece has been removed to be sensitively restored to its former glory."

It added that it intends to sell the artwork, created by street artist Banksy in 2009, next year and in the meantime it has been "gifted" to a local charity.

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Ivor Novello Awards: the winners

Best Contemporary Song: ‘Pelican’ by The Maccabees

PRS For Music Most Performed Work: ‘Next to Me’ by Emeli Sandé

Best Television Soundtrack: Lucian Freud: Painted Life by John Harle

Ivors Inspiration Award: Marc Almond

Album Award: alt-J for ‘An Awesome Wave’

Ivors Classical Music Award: Errollyn Wallen MBE

PRS for Music Award for Outstanding Achievement: Moody Blues founder Justin Hayward

Best Original Film Score: Anna Karenina, composed by Dario Marianelli

Best Song Musically and Lyrically: ‘Next to Me’ by Emeli Sandé

International Achievement: Gavin Rossdale, lead singer with Bush

Songwriter of the Year: Calvin Harris

Outstanding Song Collection: Noel Gallagher

PRS for Music Special International Award: Randy Newman

Previous residents of the fourth plinth

"Alison Lapper Pregnant" by Marc Quinn. Credit: John Stillwell/PA

Marc Quinn's sculpture of the disabled artist Alison Lapper was displayed from September 2005 until October 2007.

Lapper, who was born with no arms and shortened legs due to a congenital disorder, posed naked for Quinn when she was eight months pregnant.

Thomas Schutte's "Model for a Hotel 2007". Credit: Ian Nicholson/PA Wire.

"Alison Lapper Pregnant" was replaced with a very different artwork - an architectural model of a 21-story building.

The coloured glass sculpture by German artist Thomas Schutte, "Model for a Hotel 2007" was unveiled in November 2007 and occupied the plinth until the end of May 2009.

Steve Pratt, 54, from London, stands on the Fourth Plinth as part of Anthony Gormley's "One & Other". Credit: John Stillwell/PA Wire

Next came Anthony Gormley's "One and Other" - a "living monument" which involved members of the public taking to the plinth.

The space was occupied by different people - chosen by ballot - every hour, 24 hours a day, for 100 days.

Yinka Shonibare's "Nelson's Ship In A Bottle". Credit: Ian Nicholson/PA Wire

From 2010 to 2012, the plinth was home to Yinka Shonibare's "Nelson's ship in a bottle" which commemorated the Battle of Trafalgar.

"Powerless Structures Fig 101" by Scandinavian duo Michael Elmgreen & Ingar Dragset. Credit: Stefan Rousseau/PA Wire

And currently in position is a giant bronze sculpture of a boy astride a rocking horse. It is called "Powerless Structures Fig 101".

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