Banksy Doubles Price of PubFriday, October 31, 2008
A bizarre bidding frenzy has broken out over a derelict pub… because it is adorned with Britain’s most valuable piece of Banksy graffiti.
The Whitehouse pub is on the market for just £495,000, but art experts say the huge image of a rat holding a machine gun that covers the building could be worth £1 million.
Despite the housing market slump, with average prices in Liverpool falling by 16 per cent, estate agents Sutton Kersh have been inundated with offers above the asking price.
But the majority of bids have been from canny investors wanting to buy the graffiti at a bargain basement price.
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