Winning Bidder Defaults on Banksy Charity Auction

November 14th, 2013

Banksy at Housing Works, via New York TimesThe Banksy painting donated to benefit Housing Works several weeks ago has caused a small storm of disagreements and controversy over its sale.  The winning bid, which took the painting for $615,000, has already defaulted on his payment, and a number of top bidders are complaining over the way the sale was handled.  Even so, the painting has found a buyer.  “We were happy with the sale,” says Matthew Bernardo, chief operating officer of Housing Works, “we were happy with the process which we closed with, and it’s at a very good home.”Read more at New York Times