Published: Fri, October 12, 2018
Entertaiment | By Minnie Bishop

Owner Of Banksy Copy Shreds Artwork Thinking Value Would Double

Owner Of Banksy Copy Shreds Artwork Thinking Value Would Double

So it's not entirely surprising that one of his most famous paintings, Girl With Balloon, selfdestructed after selling for more than $1.86 million at a Sotheby's auction in London.

A video shows auction-goers shocked at what they saw, with cell phones out as they saw the half-shredded painting being taken down to be given to the winning bidder.

It is unclear whether this was part of a grand plan or whether the shredding was interrupted when alarmed auction house staff removed it from the wall.

The art world is in still in a frenzy over the shocking prank pulled by mysterious artist, Banksy at an auction held in the prestigious Sotheby's on Friday 5 October 2018.

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

The iconic Banksy painting that self-destructed at auction last week has been authenticated by Pest Control, the elusive street artist's authentication body. And as speculation grew that the shredded painting might increase in value, the owner of a Banksy artwork tried replicating the audacious prank to increase its value, only to fail miserably.

The artist posted the moment on his Instagram with a comment reading "Going, going, gone". The buyer has no longer a print, one of many, of the "Girl with Balloon" but a unique Banksy performance piece. But some viewers think it reveals his identity.

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A shadowy figure purported to be Banksy in a scene from the film Exit Through The Gift Shop.

Sotheby's European chairman and the auctioneer at the time of the incident, Oliver Barker, told the ABC that this was a "brilliant Banksy moment".

"We've been Banksy-ed", said Alex Branczik, the head of contemporary art at Sotheby's in Europe, at a news conference following the event.

Despite the theories however, Banksy's cloak of mystique remains intact for the public.

Art experts are saying that the "damaged" artwork could now be double in value.

The artist Banksy is known for elaborate hijinks, from masking his (or her) identity to his latest destructive, headline-grabbing stunt that's now driving up the price of an already expensive artwork.

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