The artwork was painted onto the side of Gorleston's yacht pond in 2021 as part of the artist's 'Great British Spraycation' series, which saw him create a total of 10 works in the region.

Great Yarmouth Borough Council, which owns the pond, has proposed selling off the image, which depicts two children drifting skywards in a dinghy being overinflated by an adult.

The piece on Gorleston beach wall was removed(Image: Newsquest)

It removed the artwork by cutting out a section of the wall in 2022 and it has since been in storage at a restoration firm in Lincolnshire.

Other artworks from the Spraycation series have already been sold, fetching up to £2m.

GYBC officials acknowledge selling the Banksy artwork risks "reputational damage" and said any sale would need to be undertaken in a "transparent way".

But any funds raised would be a welcome boost to the council's coffers, which has had to make a number of cuts to staffing and its........

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