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17:34 GMT, Friday, 31 October 2008

Banksy rat boosts pub sale price

Banksy's rat on the side of the Whitehouse pub in Liverpool

A gun-toting rat painted by urban artist Banksy could mean the price of a derelict pub in Liverpool will soar, estate agents say.

The Whitehouse pub is on the market for £495,000, but the 20ft-high rat - thought to be Banksy's biggest work of art - could see the pub sell for £1m.

Jonathan Owen, commercial sales director at Sutton Kersh, said it was a "unique opportunity" for Banksy fans.

He added that many enquires about the pub had been from art dealers.

Celebrity fans

The sale price includes the freehold of two three-storey Georgian buildings and a cleared site totalling about 7,967 sq ft, but not the value of the Banksy.

Mr Owen said: "The asking price is for a vacant city centre building and land... and does not include any added value that may be attributed to the authenticated Banksy artwork.

"We have received numerous enquiries from artists as a result of the painting. Banksy is internationally recognised and has numerous A-list celebrity followers.

"Now that the artwork on the Whitehouse pub has been authenticated as a genuine Banksy work we anticipate that this may generate offers significantly above the value of the buildings themselves."




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Related to this story:
Council orders Banksy art removal (24 Oct 08 |  London )
Banksy's artworks fail to shift (29 Sep 08 |  Entertainment )
Paper 'reveals Banksy's identity' (13 Jul 08 |  Entertainment )
How to spot a Banksy (16 Jan 08 |  Magazine )
£208,100 eBay bid for Banksy wall (14 Jan 08 |  Entertainment )

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