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Cabinet received and considered the report from the Project Manager, Property & Assets.
Councillor Plant reported that this report sets out recommendations relating to two pieces of Banksy artwork created in August 2021 that are in Council ownership.
The Beach Shelter artwork is currently protected by Perspex sheets, offering short-term safeguard but not a sustainable conservation solution, as ongoing exposure to moisture and debris may cause deterioration, this report proposes that we engage a conservation expert to provide options for it’s future protection to safeguard it.
In January 2022, Hirst Conservation extracted the Yacht Pond artwork from the sea wall at a cost of £14,105, with additional repairs to the wall costing £7,623. The artwork is now securely stored, incurring monthly storage and insurance fees of £246.60 (ex VAT). Attempts to find a permanent local display have been unsuccessful due to sensitivities around the artwork’s depiction and its similarity to actual events, particularly in venues frequented by children.
Alternative options considered include asset disposal, with proceeds potentially allocated to a community fund for Gorleston.
The primary market for Banksy’s work is Sotheby’s, but the lack of formal Pest Control authentication rules out this route. Other auctioneers, including Richard Hessink, John Brandler, and Julien’s Auctioneers, have been consulted and further details on the outcomes of these consultations can be found within the report.
Auction sales could generate more public interest, but are subject to market fluctuations and additional PR costs, while private sales offer discretion, quicker transactions, and lower fees but may require constitutional justification.
Cabinet are therefore, as detailed on page 22 of the agenda, RECOMMENDED to :
1. Note the costs and advice set out in paragraphs 2.1 to 2.7 and agrees the retention and long-term protection strategy for the Beach Shelter Banksy.
2. Note the costs and advice set out in paragraphs 2.8 to 2.17 and formally engages Richard Hessink to set out a disposal strategy for the Yacht Pond Banksy currently in secure storage in Lincolnshire;
3. Agree the allocation of any remaining funds for a ringfenced community fund for initiatives and projects in the Gorleston area.
Councillor Plant reiterated the sensitive issue surrounding the Banksy but that he was pleased that the proceeds of the sale would be ringfenced to benefit the residents of Gorleston.
Councillor Candon & Flaxman-Taylor reported that they endorsed Councillor Plant's sentiments.
Councillor Wells reported that he thought that the sale was a "no-brainer" and that he was pleased that the proceeds would benefit the residents of Gorleston.
The Leader reported that it had been muted to put the work on display at the Time & Tide Museum but that this was deemed to be inappropriate.
Councillor Wainwright asked if the money would be able to be used in the Magdalen and Claydon Wards. The Leader confirmed that these wards would be eligible.
RESOLVED:-
That Cabinet:-
(1) Note the costs and advice set out in paragraphs 2.1 to 2.7 and agrees the retention and long-term protection strategy for the Beach Shelter Banksy,
(2) Note the costs and advice set out in paragraphs 2.8 to 2.17 and formally engages Richard Hessink to set out a disposal strategy for the Yacht Pond Banksy currently in secure storage in Lincolnshire; and
(3) Agree the allocation of any remaining funds for a ringfenced community fund for initiatives and projects in the Gorleston area.