Wednesday, 21 November, 2018

Banksy Painting - Who Knew It Was 'Self Destruct'?

Here is how Banksy shredded a painting worth £1million Here is how Banksy shredded a painting worth £1million
Julia Gonzales | 10 October, 2018, 10:45

A few years back he published an image on his website mocking an auction house and their clients for bidding for the framed words "I can't believe you morons actually buy this sh*t".

Banksy, the elusive British street artist, stunned the art world on Friday, October 5, with one of his most elaborate and shocking pranks.

Girl With Balloon appeared on a wall in Great Eastern Street, London.

On Friday, a Banksy painting titled Girl with Balloon was being auctioned at Sotheby's in London.

Speculation is growing that Banksy, the world-famous guerrilla artist whose identity remains unknown, was sitting in the Sotheby's auction in London on Saturday.

The Art Newspaper's correspondent Anny Shaw, who was in the auction room, said that while the shredding may have been an "inside job" it certainly looked like a surprise.

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However, some auction flipping experts claimed that Banksy's stunt would only cause the value of the shredded painting to increase by about 50 percent more, meaning Banksy might have accidentally increased the value of said painting, despite its state. Many questioned the location where it was installed during the auction, raised suspicions over the size of the frame, and pointed out that it was convenient that the piece was slated to be the last to go under the hammer. He said the auction house was still "busily figuring out" how the transaction for the now radically altered work will play out.

Posting a picture of the moment on Instagram, Banksy wrote: "Going, going, gone".

The secretive icon had once made clear that he does not like his paintings to be sold to the highest bidder.

If that were the case, wouldn't the battery in the shredder have had to be replaced at some point?

Banksy has previously been named as Robin Gunningham - a former pupil at Bristol Cathedral School. Another man, who was seen activating a remote-control mechanism, was pictured in a post on the private Instagram page of Caroline Lang, chairwoman of Sotheby's Switzerland.

Those who witnessed the incident said that afterward, Sotheby's security staff escorted a noisily protesting man off the premises. If people with mountains of cash are buying art to have a ridiculously rare conversation piece that they hope others recognize, this one just rocketed up the list.

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