British graffiti artist Banksy has unveiled his latest artwork as New York police continue to track him down for "defacing" public property.
The artist sold work worth £20,000 for £38 from a stall in Central Park in the latest stunt in his month long 'live exhibition' in the city.
Locals in Harringay have been protesting against the sale of a Banksy which was taken from the wall of Poundland in Wood Green.
New York police officers are investigating Banksy's real identity - so they can arrest the mysterious British artist for defacing public property, according to the New York Post.
Law enforcement sources will charge the elusive graffiti maestro with vandalism if they catch him painting public walls during his month long residency, the newspaper reports.
Banksy responded to the paper's claims on his website, which showed a copy of the front page with the caption: "I don't read what I believe in the papers."
Earlier this week, Mayor Michael Bloomberg said Banksy is a vandal, not an artist, telling reporters: “You running up to somebody’s property or public property and defacing it is not my definition of art."
Elusive graffiti artist Banksy has revealed his plans to escape his own commercial success with a month long "tag tour" of New York in a rare interview with New York's The Village Voice.
The artist said he visited New York a "couple of months ago" to scout locations for the show, which will see him produce some kind of work for every day of October.
"There is absolutely no reason for doing this show at all. I know street art can feel increasingly like the marketing wing of an art career, so I wanted to make some art without the price tag attached. There's no gallery show or book or film. It's pointless. Which hopefully means something."
Each piece of art will be accompanied by a free number that dials an "audio guide" created by the artist to confirm the authenticity of the piece.
Banksy's work has been sold for hundreds of thousands of pounds, making him one of the most important artists working at the moment, however he says he views his financial success as problematic as society rewards "so many of the wrong people." He said:
"Commercial success is a mark of failure for a graffiti artist. We're not supposed to be embraced in that way. When you look at how society rewards so many of the wrong people, it's hard not to view financial reimbursement as a badge of self-serving mediocrity."
A Banksy mural recently removed from the side of a shop in north London is to be sold – only months after another piece by the artist was controversially auctioned.
The ‘No Ball Games’ artwork, which depicts two children playing with a sign, was removed from the side of a shop in Turnpike Lane and will be sold next year by the Sincura Group.
The same company arranged the selling of the ‘Slave Labour’ piece, which was controversially removed from the side of a Poundland shop in February and reportedly sold for £750,000.
A Banksy artwork has been removed from a wall in north London - the second piece to be taken from the area this year.
The piece, called 'No Ball Games', had been on the wall in Tottenham for four years.
'Slave Labour' was removed from a wall in Wood Green in February and sold for around £750,000.
A Banksy mural which was removed from the outside wall of a shop in north London in February is up for auction in Covent Garden today.
The work, entitled 'Slave Labour', was withdrawn from auction in Miami after protests from Haringey Council shortly after it disappeared from the Poundland wall.
It was later bought in a private sale in the US but could return to Britain if a bidder can match that price, which is not publicly known.
A representative from Sincura Group, which is responsible for tonight's auction, said law enforcement officials from Britain and the US had confirmed the mural was legally owned by the group selling it.
The local Trades Union Congress in Haringey has attacked plans for a Banksy mural which first appeared on a wall in the borough to go up for auction in Covent Garden next month.
– Haringey TUC secretary Keith Flett
The Slave Labour Banksy belongs to the people of Haringey not to a wealthy private client. We want the sale stopped and the Banksy back where it belongs in London N22.
Auctioneers Sincura said the mural has "been sensitively restored under a cloak of secrecy", and will go on show alongside pieces by Damien Hirst, Andy Warhol, Mario Testino and Russell Young.
A Banksy mural which was withdrawn at the last minute from a controversial auction in Miami earlier this year is set to go under the hammer in London next month.
Slave Labour, which shows a young boy hunched over a sewing machine making Union Jack bunting, was originally sprayed on a north London wall last May, ahead of the Diamond Jubilee celebrations.
The sought-after street artwork disappeared from the side of the Poundland store in February and soon appeared at the US auction, but was withdrawn at the 11th hour after Haringey Council protested.
To the dismay of local campaigners, the work is now up for sale at an auction at the London Film Museum in Covent Garden on June 2 by the Sincura Group.
A spokesman for Fine Art Auctions (FAA) has confirmed that the Banksy piece Slave Labour and Wet Dog has been removed from the sale.
Although there are no legal issues whatsoever regarding the sale of lots six and seven by Banksy, Fine Art Auctions Miami convinced its consignors to withdraw these lots from the auction and take back the power of authority of these works.
The FAA website still featured the mural as lot six in its Modern, Contemporary and Street Art sale tonight.
It appeared that a starting bid of 400,000 dollars (£262,450) had been made before the auction of the art work was halted.
Wood Green councillor Alan Strickland said he was delighted to receive a call from a journalist at the auction who told him that Slave Labour and Wet Dog, a second Banksy painting listed in the FAA catalogue, had been withdrawn from sale.
To have the mural withdrawn from sale at the 11th hour is a wonderful surprise for the community here in Wood Green. It suggests the level of international media attention has had a real impact.
Mr Strickland emailed FAA owner Frederic Thut tonight to ask why the sale of Slave Labour had not gone ahead and if there were any plans to auction it in the future.