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Banksy rat painting on property sold, but to be removed by developer

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During the 2004 biennial in Liverpool, Banksy put up a large scale mural painting of his infamous rat on the exterior wall of a run down pub in Liverpool.

In December 2008, when the pub owner decided to put the property up for sale, it was valuated by real estate agents to have it’s original estimated sale value doubled (from £495,000 to approximately £1 million) due to the Banksy Rat painting on the exterior wall  (view our post on this here). Two years later, this building has finally been sold to a property developer for £114,000. With no interest in art, the property developer now intends to remove the large scale mural.

Source: Slam X Hype

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