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Elusive British street artist Banksy has sold several original works of art for just $60 (£38) each from a stall in New York's Central Park.

The anarchic painter, who loves nothing more than taking the mickey out of the art world, released a video last night of an elderly man selling what look like knock-offs of the artist's work from a market stall on Sunday.

But the 'knock-offs' were actually original pieces painted and signed by the artist who is currently exhibiting in the city.

The two and-a-half minute video, covering from 11.15am to 6pm, shows just eight of his paintings being sold - four to one man from Chicago, two to a mum (who shrewdly negotiates buying two small canvases for the price of one) for her children and two to a young woman tourist from New Zealand.

The day's takings were $420, but the likely valuation of the small to medium sized canvases is probably about £140,000 - up to £20,000 each.

In the video the innocuous-looking white-haired street vendor, wearing a baseball cap and woollen vest, is seen sitting for long periods of time with nothing to do and yawning occasionally.

It's not until 3.30pm that he makes his first sale and few passersby even glance at the contents of the stall, which had been made to look like the stereotypical low-quality Banksy copies found in many street markets around the world.

But with each purchase the man hugs or kisses the buyer gratefully and in a way that hints perhaps they are leaving with an incredible bargain.

The buyer from Chicago, who walked away with an £80,000 windfall, tells the man he is redecorating his house and "just needs something for the walls".

At 6pm the vendor is seen packing up his stall with most of the works - about 18 - still unsold.

The canvases were mostly in black and white, but with a couple carrying Banksy's trademark red balloon heart.

Many of the images will be familiar to fans of the artist. They included his bouquet-throwing protester and his sandwich board-adorned chimp.

Even the spray-painted sign that read '$60' and another stating "This is not a photo opportunity" would be worth several thousands of pounds after the stunt.

Banksy has been erecting street art in New York over the past fortnight and spray painted an elaborate work onto an abandoned car and van in the Lower East Side neighbourhood four days ago.

The painting showing horses in night-vision goggles and a wrecked car with targets across it is accompanied by a soundtrack of explosions from the Iraq war.

Entitled Better Out Than In: An Artist Residency on the Streets of New York, Banksy's 'live' exhibition will last for a month, with him creating a different work every day.

He has so far produced over a dozen art pieces and 'events' in the city, including a cattle truck full of shrieking soft toys, which was driven around the city.

Despite a number of his works having already been defaced by other street artists, who feel he has encroached on their territory, the sudden glut of Banksys has mostly been received well by New Yorkers.