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The Red Hook building’s owner sold the section of the wall to art dealer Stephan Keszler about a week after Banksy’s work appeared—and now it’ll be on the block at Fine Art Auctions Miami’s second annual street-art exhibition. Mr. Keszler declined to say how much he paid for the work.
Sebastien Laboureau, an expert on street art and principal at MoonStar Fine Arts Advisors, said he estimates the red balloon work will fetch between $400,000 and $600,000.