Banksy art collector bankrupted by ‘associated removal and structural costs’
A naive collector who bid on a piece of Banksy art has been left bankrupt after underestimating the attendant costs of having the work knocked out from the building it is on, transported and then installed in his own home.
Mr Julian Scrivens, 48, from Portsmouth, arrived to collect the lot only to discover that its ‘canvas’ was the supporting wall of a two-bedroom end-of-terrace in Bristol.
Although Mr Scrivens was sure he could afford his £73,000 winning bid for the piece, the cost of removing the wall, underpinning the house and replacing it is estimated to be in the region of £200,000.
With transportation adding a further £50,000 to the final bill, Mr Scrivens has had to sell his house just to get the wall back there; where it now can’t be installed as the new owners don’t want it.
‘I’m devastated,’ said Mr Scrivens. ‘I’m sleeping under the wall now, which I got the delivery people to angle up against a disused skip on some waste ground in front of my old house.’
‘Still,’ he continued, ‘at least the new owners of my old place seem happy. Apparently they used to live in some shitty terraced house in Bristol.’
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Posted: Apr 2nd, 2012 by Guest
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