Banksy’s ‘Slave Labour’ mural sells for £561,000 to artist who plans to paint over it

He plans to to auction it off for a million pounds

Banksy’s ‘Slave Labour’ mural has been sold to a US artist for £561,000 who plans to whitewash it in protest.

‘Slave Labour’, which depicts a young child on his knees at a sewing machine, producing a string of Union Jack bunting, was painted on the side of a Poundland store in Wood Green in 2012.

Believed to be a protest against sweatshops used to manufacture souvenirs for the London Olympics, it was removed from the wall in February 2013, to the anger of local residents, reports Sky News.

Now, Ron English has bought the painting, after it was auctioned by Julien’s in Los Angeles.

“My idea for this painting is to whitewash it for my good pal Banksy, I only wish I could’ve spent more money for it,” he said.

“I’m going to paint it white again, I’m done. This is a blow for street art. It shouldn’t be bought and sold. I’m going to paint over it and just include it in one of the walls in my house. We’re tired of people stealing our stuff off the streets and re-selling it so I’m just going to buy everything I can get my hands on and whitewash it.”

English also said he plans to sell the whitewash painting for a million dollars.

It comes only a month after a print of Banksy’s iconic ‘Girl With Balloon’ painting from 2006 shredded itself only moments after selling for $1.1 million (£838,000).

In the aftermath of the incident, the artist shared a now-deleted behind-the-scenes video revealing how he installed a shredder into a picture frame. Sotheby’s were also forced to deny their involvement.