Culture&Arts

Banksy painting self-shreds after selling at auction for $1.4 million

Banksy painting self-shreds after selling at auction for $1.4 million

Alison Young, a professor of criminology at the University of Melbourne who has studied street art and Banksy for years, said this was far from a prank gone wrong.

"The framed work, spray paint and acrylic on canvas, mounted on board depicted a girl reaching out toward a bright red, heart shaped balloon - one of Banksy's most iconic images - began to pass through a shredder hidden in the frame", the statement said.

Banksy, that ghostly, creative, and amazingly talented graffiti artist has done it again.

The painting sold for £860,000 but with the buyer's premium on the painting, the price shot up to £1.04million.

Whether the Banksy painting's final bidder is expected to pay "as is" for the painting is unclear.

Contemporary Art marketplace MyArtBroker.com polled over 1,400 members of the British public to measure the popularity of the anonymous England-based street artist.

Banksy in 2013 set up a stand near the city's Central Park and sold 20 signed canvases of his own work for $60 each.




A video on his official Instagram page shows the device being installed, and says: "A few years ago I secretly built a shredder into a painting..."

Banksy's works have often commented on the ridiculous nature of the contemporary art world, and the increasingly high values of his own works. The auction house stated that it is "currently in discussions about next steps".

"We are busy figuring out what this means in an auction context. We have not experienced a situation where a painting has spontaneously shredded upon achieving a record for the artist". But perhaps the most improbable notion of all is that anyone truly feels that this most rote and replicated Bansky image is worth either a million dollars or a great deal of kerfuffle about its sensational destruction.

A famous Banksy painting self-destructing at an auction left art lovers around the world stunned.

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.

Fairey likens Banksy's "Girl With Balloon" prank to performance art: ephemeral but everlasting, regardless of how the auction house ultimately proceeds regarding the work's new buyer.

"The big question is - was Sotheby's complicit", asks Anny Shaw, correspondent for the Art Newspaper, who was in the room for the sale.


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