The 8-foot, 1,500-pound Banksy painting taken from the abandoned Packard Plant in 2010 sold for $137,500 at an auction Wednesday night in Beverly Hills, Calif.
Bidding began at $50,000 and was expected to fetch between $200,000 and $400,000.
The slab of wall featured a stencil of a boy with a can of red paint and the words, “I remember when all this was trees.”
Artists from 555 Gallery and Studios removed the cinderblock mural from the plant amid controversy and reached a settlement with the owner of the Packard Plant to gain rights to the mural.
Bidding at Julien’s Auctions ended at 11 p.m.
The nonprofit gallery plans to use money from the auction to increase programming and opportunities for local artists.
Steve Neavling lives and works in Detroit as an investigative journalist. His stories have uncovered corruption, led to arrests and reforms and prompted FBI investigations.