See Banksy Reveal How He Made Shredder Frame for Infamous Art Stunt
12 October, 2018, 03:43 | Author: Donna Miller
Although he is one of the world's best-known contemporary artists, Banksy has always had a mixed relationship with fame, even anonymously. His name is Banksy and he thinks thatart should not be prostituted by capitalism.
The work was shredded by a mechanism placed at the bottom of the frame of the canvas.
Of course, the auction house is already trying to spin this in their favour: "We are busy figuring out what this means in an auction context", Branczik told The Art Newspaper.
Branczik says the new work is "the first in history to have been created live during an auction".
The spray-painted canvas "Girl With Balloon" went under the hammer at Sotheby's in London, fetching more than three times its pre-sale estimate and equaling a record price for the artist.
The elusive artist also uploaded a now-deleted Instagram post showing him installing the shredder into the frame, according to the Daily Mail.
"You could argue that the work is now more valuable", he continued.
"We've been Banksy-ed", he added.
Art experts attempted to warn and dissuade people on social media against damaging their Banksy pieces after receiving initial enquiries who wanted to increase their value.
The auction house identified the buyer - who will keep the piece - as a female European collector and long-standing client of Sotheby's.
Conspiracy theories abound: who was in on the jaw-dropping stunt?
Professor Young also suspects thatSotheby's and potentially both the buyer and seller were in on the joke.
On Oct. 5 in London, seconds after the Sotheby's hammer came down on the sale of a Banksypainting for the equivalent of $1.4 million, the crowd heard a repeated beeping, nearly as though a tiny truck were backing up, and as Girl with Balloon slipped through the bottom, now shredded, onlookers gasped.
Ultimately the much talked about moment retains a glorious ambiguity: was it a statement on the ephemeral nature of valuethat backfired that inadvertently pushed a subversive artist's work further into the realm of commodity? "If he was a lesser artist, he would have destroyed the art's value".
Despite the theories however, Banksy's cloak of mystique remains intact for the public.
The original paintingGirl With Balloon sold for a record £1.04 million - but then.
"However, when Banksy does something insane like shredding his own artwork, it will naturally have a dramatic affect on values". However, as noted, the broker estimated it was worth just one pound in its shredded condition.
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