Owner Of Banksy Copy Shreds Artwork Thinking Value Would Double

Owner Of Banksy Copy Shreds Artwork Thinking Value Would Double

Owner Of Banksy Copy Shreds Artwork Thinking Value Would Double

Banksy later posted a video to Instagram that showed footage of a shredding mechanism being built into the frame for, presumably, Girl with Balloon.

The statement added: "In case it was ever put up for auction".

The artwork has since been renamed "Love is in the Bin" and certificated by Pest Control, a company run by Banksy, who keeps his identity secret, London-based auctioneers Sotheby's said.

Now, the piece, spray paint and acrylic on canvas and mounted (obviously) in the artist's own frame, has doubled in value according to the Evening Standard.

People stared open-mouthed as the painting was shredded and Banksy himself caught the moment as a photo, which he shared on his Instagram account.

Art prankster Banksy has struck again.

He made that very clear in 2007, when he posted an image on his website of a packed auction room bidding on a framed painting of the words: "I can't believe you morons actually buy this shit". On the Sotheby's website, the work was still listed as having sold at £1.04 million at the time this story was published.

By the year 2000, Banksy had adopted his now-signature style of stencilling and his works became widely known in Bristol and London.

Ron English, the New York-based street artist whose surreal work frequently comments on capitalism, said that Banksy's antagonism toward his own work is like "Duchamp on steroids".

Girl With Balloon is not the first piece of art to selfdestruct.

"We've had a number of #Banksy print owners contact us today asking if they shred their artwork will it be worth more".

Either way, it is not the first time Banksy has flipped notions of value on their head.

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.

This begs the question: is shredded art now all the rage?

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