How a Banksy Mural Pushed the Value of This LA Building up to $30 Million

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How a Banksy Mural Pushed the Value of This LA Building up to $30 Million
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The famous street piece could double the value of the art nouveau landmark being auctioned off.

Tarantino and Campos reportedly dished out $4 million to purchase the lot in 2007. Over the course of a decade, the two spent $1.8 million making renovations to the original building, which was built in 1914 and made several on-screen appearances during the silent-film era. The owners ultimately ended up filing for bankruptcy in April, which is why the art nouveau mid-rise is now being auctioned off.

The public artwork portrays a stencil of a young girl swinging off the letter “A” in the word “parking.” Due to the public nature of the mural, it’s difficult to appraise the piece without factoring in the entire structure. And if you’re wondering whether the painting will be separated from the facade and resold, as was the case“We would never touch that because it’s not how the artist intended it to be sold.

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