Bidder to keep shredded Banksy painting

14 October, 2018, 08:30 | Author: Donna Miller
  • Banksy painting self-shreds after selling at auction for $1.4 million

Just after the painting was sold on October 5 for $1.37 million, an alarm sounded and then the canvas began sliding through the bottom of the frame, emerging in shreds as those in attendance watched in disbelief. The buyer is a female collector from Europe, the auction house said.

Apparently unfazed by the self-destruction of a Banksy painting she had paid over $1 million to buy at a Sotheby's auction, the winning bidder has said she she will nonetheless go ahead with the purchase.

A post on Banksy's official Instagram account showed the moment with the words "Going, going, gone".

But seconds after the hammer fell, a shredder secretly built into the work's frame cut the bottom half of the painting into pieces.

It might now be worth "more than two million euros", he suggested.

The European woman who bought the piece, who does not want to be named, said: "At first I was shocked, but I realised I would end up with my own piece of art history".

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Today, October 11, Sotheby's fueled the continued, gripping saga of Banksy's recent stunt, where he deployed the self-destruction of a 2006 painting of his, just as the gavel banged down on its $1.3 million sale.

The buyer said the creation of the work was a seminal event.

Sotheby's claimed to have been surprised by Friday's auction prank, but some art experts have questioned how it was possible to pull it off without their knowledge, especially seeing how post-auction they have willingly embraced the act of destruction.

The auction house has not revealed the identity of the new owner, saying only that she is a "long-standing client of Sotheby's".

The artwork's name has changed from "Girl with Balloon" to "Love is in the Bin", Sotheby's auction said in a statement Thursday.

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