The artist says he was contacted by someone claiming to be Kanye's management offering a five figure sum to paint over the mural.
"I asked for six figures and a lifetime supply of Yeezy Boosts," Marsh told Life Without Andy.
The artist wrote on his website he would "buff the mural" and "buff a one-off limited edition oversized print" for $100,000.
Marsh added an 11 by 17 inch signed print of the mural would also be available at a more affordable price of $40 for Yeezy fans until April 11.
While he didn't reveal who bought the six-figure edition, Marsh posted a photo on social media confirming the purchase and said: "so this just happened".
"If anyone needs me I'll be at the #lordgladstone drinking from the topshelf..." he said.
The artist later shared a photo of the process of painting over the Chippendale mural, but said he left Kanye's little pinky in memory of the work.
"Its been real yeezy #kanyeloveskanye #kanyewest #yeezy #kanye #zigis #scottmarsh."
News of the mural's sale comes only weeks after Aussie artist Mark Walls painted a rendition of Kanye's wife Kim Kardashian West's nude selfie on the back wall of a Melbourne picture framing business.
The mural caused a stir on the eve of International Women's Day after it was tarnished in the early hours of the morning with the word 'slut' written in white and brown paint.
- AAP
