A painting by Rolling Stones guitarist Ronnie Wood has failed to sell at auction, it's been revealed.

The picture, a limited edition portrait of Wood and his former Faces bandmate Rod Stewart, fell short of its reserve after it was put up for sale on eBay.

In order to attract bids, Wood advertised the painting on his social networking site, describing it as a “chance to snap up a real Ronnie print framed and ready to be hung, featuring your favourite rocker and pal Rod."

But the auction only attracted five bidders, with the maximum offer of Ј511 less than twice the reserve price of £1300.

According to reports, Wood has now withdrawn the item and its online description.

(by Jason Gregory)