The piece first appeared on social media on 14 October. After a few days of speculations about whether it was done by a local street artist, Banksy confirmed the piece as his on Saturday morning.

The work depicts a girl hula-hooping with a tyre. The tyre once seemed part of the slaughtered bike lock chained at the lamppost beside her.
As always, there are many interpretations to be made. One goes like this: Even if you suffer from the economy and the pandemic, you can find happiness in the little things. Find new uses for obsolete materialism. A simple but powerful advice from stoicism?
According to local residents of Lenton talking to The Guardian, the bike appeared at the scene at the same time as the artwork:
“Surinder Kaur, 42, who runs the beauty salon next to the mural, said the bike had appeared at the same time as the mural. She said within hours the council had rushed to protect the piece by placing clear plastic sheeting over it. Vandals have spray-painted over the plastic two or three times already. Everyone is very excited and many, many people are coming to see the picture,” Kaur said. “Everyone was confused about whether it was real or not real but it’s an amazing picture, it’s amazing art.”
Excerpt from : https://www.theguardian.com/artanddesign/2020/oct/17/banksy-confirms-hula-hoop-girl-mural-in-nottingham-is-his