Great Yarmouth Borough Council has already forked out £30k to remove and store the controversial piece by street artist Banksy. It was part of his 'Great British Spraycation' series View 2 Images It's thought to be the first time a council has profited from selling one of his creations (Image: Newsquest / SWNS)

A cash-strapped council hopes to coin in £2m by flogging a Banksy artwork. It is believed to be the first time a local authority has profited from selling one of the mystery artist’s creations. ‌

Great Yarmouth Borough Council has already forked out £30,000 to remove and store the controversial piece, which depicts two children clinging to an inflatable dinghy. The artwork was part of Banksy's 'Great British Spraycation' series and was daubed on a seawall in Gorlesto

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