One art expert said the price showed Banksy was becoming more of a household name.
BBC: NEWS | Entertainment | Record price for Banksy bomb art
Mr Rickards claims to have photographed Banksy at work while he was in Kingston.
An original work by the artist Banksy has been recovered by police investigating a suspected fraud.
Ditching the museum-gallery complex has boundless advantages, most conspicuously exploited by street artists such as Banksy.
An ironic, art world twist sure to be appreciated by Banksy, but probably not by his fans.
Fine Art Auctions Miami (FAAM) confirmed to the BBC that the Banksy mural had been withdrawn from sale.
BBC: Banksy artwork taken in north London withdrawn from sale
In 2004, Banksy smuggled his painting into the Louvre, illicitly attaching it to the wall with double-sided tape.
FORBES: If Every Artist Were As Good As Andy Warhol, Forgery Would Be Unnecessary [Book Excerpt]
Few people had heard of Banksy before 2004 and to this day his real identity remains a mystery.
In April 2010, a valuable Banksy work in Hosier Lane was painted over by a council cleaning crew.
The best documentary prize sees UK graffiti artist Banksy nominated for his anarchic film Exit Through the Gift Shop.
"We will continue to explore all options to bring back Banksy to the community where it belongs, " she said.
BBC: Banksy artwork taken in north London withdrawn from sale
But in the case of the newer Banksy, not much can be done.
FORBES: Banksy Mural Chiseled Off Building, About To Be Sold At Auction For $700,000
One of the most notorious, known only by the pseudonym Banksy, has puckishly taken up where Warhol left off.
FORBES: If Every Artist Were As Good As Andy Warhol, Forgery Would Be Unnecessary [Book Excerpt]
Banksy, whose true identity has never officially been revealed, became famous for creating politicised stencils on the walls of public buildings.
BBC: NEWS | Entertainment | Record price for Banksy bomb art
Violating military regulations to spread messages of peace in a universal visual language, Banksy animates painting as both image and action.
Banksy's first show in the United States held in September 2006 in a Los Angeles warehouse attracted more than 30, 000 visitors.
But in Tower Hamlets a decision has been made to treat all of Banksy's stencilled artwork as graffiti to be painted over.
The chain said it was not responsible for "either selling or removing the Banksy mural, " saying it did not own the building.
And these days, Banksy's artwork can go for major money, Lee said.
The Banksy mural, depicting a boy hunched over a sewing machine making Union Jack bunting, disappeared from Whymark Avenue earlier this month.
BBC: Banksy artwork taken in north London withdrawn from sale
Banksy is thought to have painted it in Jamaica's capital in 2004.
The current number one rental on the UK YouTube service is the movie "Exit Through the Gift Shop" by well-known street artist Banksy.
In 2003, the then-little known Banksy sneaked a painting into Tate Britain and managed to evade guards to hang it on a wall.
Obviously there are people who know who Banksy is, and "at this point he's not the only one protecting his identity, " Harrington said.
Last May, the enigmatic graffiti artist Banksy spray-painted a mural on the side of a bargain store in Wood Green, north London.
FORBES: Banksy Mural Chiseled Off Building, About To Be Sold At Auction For $700,000
The Jamaican artist who created the installation claims to have been the first person to reveal Banksy's identity, by photographing him in 2004.
The outdoor space is also an unofficial graffiti exhibition with two works by British street artist Banksy and local artists working on walls around the market.
Three more Banksy paintings go on sale in Sotheby's on Thursday in one of the biggest weeks for art auctions the UK has ever seen.
BBC: NEWS | Entertainment | Record price for Banksy bomb art
The Metropolitan Police began an investigation when, in the meantime, the suspect contacted the art dealer again in an effort to buy more Banksy artwork.
Earlier this month officials in East London said that they will be painting over Banksy murals on walls in their area, as they consider them vandalism.
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