Er, would you buy this for €60k?

Some people have more money than sense.

Er, would you buy this for €60k?

Some people have more money than sense.

Apparently some "celebrity" antiques dealer has forked out £50,000 (€60,000) for a piece of graffiti inspired by the London riots.

The mural was sprayed on the garage door of a vegan community centre in Hackney in the aftermath of the disturbances in 2011.

The artwork, called London Riots, was painted by graffiti artist Stik who must be having a good giggle to himself at the mo.

The sucker, er art dealer, Andrew Lamberty, who claims to be an expert in 20th century design pieces (Well the world needs its experts, doesn't it?), said the mural is an important work of social commentary.

Lamberty said: “London Riots is a significant document of contemporary London life, every bit as relevant as the way Hogarth captured it in the 18th century with the Rake’s Progress.

“There’s every reason to estimate that this Stik piece to go up in value like a Banksy.

“I would expect this to fetch anything up to £10,000, and in the very near future the market could increase significantly to £50,000 and upwards.”

But wait, all is not lost as the garage door has been replaced and the proceeds from the sale will go to the not-for-profit Pogo Cafe collective.

A spokesperson for the cafe said: “As a result of the sale to Lamberty, Pogo now has a functional space and Stik’s design has given a broken garage door a second life as a piece of art.”

Lamberty stars in BBC2’s Auction Hero series, which first aired last night.

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