Banksy artwork shreds itself

Banksy girl with balloon self destruct Sothebys shredder

Banksy's painting 'self-destructed' after $1.4M sale

However, when Banksy does something insane like shredding his own artwork, it will naturally have a dramatic affect on values.

The owner requested to double the price after the Banksy copy was destroyed with a knife. The said auction took place on October 5 in Sothebys where one millionaire could have laid his dirty hands on a creation of a rebel, until it got shredded.

"You could argue that the work is now more valuable", he continued. In 2014 Banksy was awarded Person of the Year at the 2014 Webby awards.

A representative for Banksy, when reached, cited the artist's quotation of Picasso that "the urge to destroy is also a creative urge". English cited Robert Rauschenberg's "Erased De Kooning Drawing" - where the artist bought and obliterated the work of a peer - as somewhat of a precedent for Banksy's actions. "This is now part of art history in its shredded state and we'd estimate Banksy has added at a minimum 50 percent to its value, possibly as high as being worth £2 million plus". "I think it will be historic and people will talk for a long time about it". He called Banksy's prank "a turning point in the history of contemporary and conceptual art".

"In case it was ever put up for auction..."

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The fate of Banksy's 2006 spray-paint work has been uncertain since the United Kingdom street artist's stunt last Friday at a Sotheby's auction in London. Geneva-based artist Pierre Koukjian, who was at the auction, said the buyer was "very lucky" to own a now-historic piece.

Ultimately the much talked about moment retains a glorious ambiguity: was it a statement on the ephemeral nature of value that backfired that inadvertently pushed a subversive artist's work further into the realm of commodity?

A mystery man films the aftermath of a Banksy work shredding itself after being sold at auction.

However it was years before that rumours about Del Naja began to swirl when Banksy works popped up in cities where Massive Attack were touring at the same time. The painting had sold moments before for $1.4 million to an unidentified buyer, who purchased the painting via telephone.

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