$1.4 Million Artwork Self-Destructs

$1.4 Million Artwork Self-Destructs

$1.4 Million Artwork Self-Destructs

The auction house says a female European collector was the successful bidder who offered 1.04 million pounds for "Girl With Balloon".

The famed anonymous artist pulled off one his most subversive stunts yet when a copy of his "Girl with Balloon" auto-shredded after being purchased at auction.

Banksy later posted a video on Instagram explaining that a few years ago he installed a shredder into the frame of the painting. InsideEdition.com's Mara Montalbano (https://twitter.com/MaraMontalbano) has more. Would its new, half-shredded form be worth less money or more, given its elevated status after the global media attention?

"We have not experienced this situation in the pastwhere a painting spontaneously shredded, upon achieving a record for the artist". Its stencil has been repeated in an edition of 150 prints and 25 numbered paintings by Banksy. "I think Banksy would find this all very amusing", she said.

Banksy is not the first artist to deconstruct his own work.

"We are busy figuring out what this means in an auction context", Branczik told the outlet. He also has a penchant for elaborate pranks.

"We strongly recommend nobody else takes valuable art and tries to cash in on what history will judge a simply brilliant stunt".

In 2005, he secretly hung on a wall at the British Museum a piece depicting a prehistoric human pushing a shopping cart.

The painting, which was auctioned off as part of Sotheby's "Frieze Week" contemporary art sale, will this weekend be on view at Sotheby's New Bond Street galleries in London.

The video then jumped to clips of Friday's auction at Sotheby's, indicating that Banksy - or someone who works with him - was there when it happened.

The buyer of a Banksy artwork partially shredded moments after the auction finished will go through with the sale.

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.

"What he did is really shocking, in a good way", Koukjian said.

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