It's become one of Glasgow's most recognisable figures.

The Duke of Wellington statue in Royal Exchange Square is nothing without his orange and white cone proudly rested upon his head.

Our Duke's hat first appeared in Banksy's 2005 book "Wall and Piece", and now the world-famous artist is set to earn a fortune with his own similar creation, as Glasgow Live reports.

Glasgow Times: Banksy's The Drinker (Sotheby's)Banksy's The Drinker (Sotheby's)

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And while it can't be said that Banksy took his inspiration from the Duke, The Drinker artwork - which also pays tribute to The Thinker -  the traffic cone feature pays a close resemblance to our very own statue.

The piece has since been listed by auction house Sotheby's - with the sale estimate of between £750,000 and £1million.

The Drinker, which is noted as "one of Banksy’s most ambitious sculptural endeavours to date", will go up for auction tomorrow at 10am.

What do you think? Is our Duke of Wellington worth £1million? Let us know in the comments.