The Neath Port Talbot Council has revealed how much it would have cost to keep Banksy in the city after it was revealed that it would be moved to England instead.
The Banksy artwork – which stunned the country when it appeared in a garage in 2018 – is set to leave Wales for a new home across the border at a street art exhibition in Peterborough in January.
Questions have always been raised about the future of the artwork since it first appeared before Christmas, 2018, on two sides of a Taibach garage.
Read more: Experience the sad story of Port Talbot Banksy here.
The council has come under fire since it confirmed yesterday that the art would be moved from its current location in Ty’r Orsaf.
But its leader has said he wants to “set the record straight on the go” and has revealed how much it would have cost to keep the rare art in the city.
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Councilor Ted Latham said it would have cost the local authority around £ 100,000 a year to borrow the plant, as well as cover the cost of its removal and installation at a new location, and continue to cover the insurance.
He said the estimated cost of removing and moving to another location (even without insurance to cover the operation to move it) of Season’s Greetings would be around £ 50,000.
Ian Lewis, owner of the garage, said at the time of its arrival there that he “did not know what to do” about the work of surprise, when thousands of people came down to the city to catch a glimpse.
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After arousing widespread interest and the Welsh Government funding round-the-clock security, the artwork was eventually snapped up by Banksy art collector John Brandler for six figures.
Brick by brick, the piece was then moved to a new location in Ty’r Orsaf, a development of commercial units in the city’s Stationsvej, where people could see it through the glass.
Sir. Brandler was told by the local authority that there were a number of potential commercial tenants for the unit and an agreement was reached that the piece could remain until January 2022.
The council has now confirmed that this deal will expire in January and Banksy will soon be leaving town and is set to appear at a street art exhibition in Peterborough to start next month.
Dozens of people flocked to see Banksy after the world-famous street artist confirmed he was behind the work that appeared in a city garage overnight three years ago.
It shows a boy looking to enjoy the snow on one wall, so just around the corner there is a commercial metal bucket with bonfire inside. What you initially think is snow is actually falling ash from the material burning in the trash.
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Councilor Latham said: “I feel that due to the series of misinformation currently circulating about the impending departure of Banksy mural Season’s Greetings, it is now appropriate to rectify the matter.
“When the council submitted inquiries about the plans for the work, as the temporary arrangement to house it in Pobl’s Ty’r Orsaf building is to be completed in January next year, the council was informed that it would now be moved to Peterborough, where an exhibition of street art to be held from next month.
“Discussions were held about future arrangements and the potential for the work to remain in Port Talbot, but the council was informed that it would have to pay the cost of its removal and installation at the new site, to continue to cover insurance and pay. a fee of around £ 100,000 per year for the loan of the work.
“It has been estimated that the cost of removal and relocation to another location (even without insurance to cover the operation to relocate it) by Season’s Greetings would be around £ 50,000.”
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