ibusinesslines.com October 23, 2018

Banksy painting 'self-destructs' in artist's prank at auction

06 October 2018, 02:52 | Myron Mathis

$1.3M Banksy Artwork “Self-Destructs” at Auction

Sotheby’s 'Banksy-ed' as painting 'self-destructs' live at auction

The 2006 gallery version featured spray paint and acrylic on canvas, mounted on a board.

The victor bid £860,000 (€977,650) - £1,042,000 (€1,184,550) with the buyer's premium - over the phone around 9pm.

"The unexpected incident became instant art world folklore and certainly marks the first time in auction history that a work of art automatically shredded itself after coming under the hammer", the auctioneers added in the statement.

Previously in 2012, a different copy of the "Girl with Balloon" painting sold for between £15,000 - 25,000 GBP (approximately $19,680 - 32,800 USD) at a Bonhams auction. Once the bidding had come to a close on the iconic Banksy piece, the artwork started to sound an alarm and was subsequently destroyed by a shredder hidden within the frame.

Banksy posted a photograph of the moment on his official Instagram account, captioning it: "Going, going, gone..."

"It appears we just got Banksy-ed", said Alex Branczik, Sotheby's senior director and head of contemporary art in Europe.

"We are busily figuring out what this means in an auction context".

"We have not experienced this situation in the past. where a painting spontaneously shredded, upon achieving a record for the artist", Branczik said.

The price paid in London on Friday evening matched the artist's previous record at auction for his "Keep It Spotless" piece in 2008, Sotheby's said.

"Girl With Balloon", which depicts a small child reaching up toward a heart-shaped red balloon, was originally stencilled on a wall in east London and has been endlessly reproduced, becoming one of Banksy's best-known images. They are discussing the next steps to take.

Other News

Trending Now

Trump produces a new trade deal on his terms
Perrin Beatty, the president of the Canadian Chamber of Commerce, said his group was "delighted" by the apparent deal. With a satisfied smile, the president said the new name had a "good ring to it", repeating U-S-M-C-A several times.

Brighton boss Chris Hughton praises 'brave' centre-halves after West Ham win
West Ham's resurgent form came to an end on Friday, as Glenn Murray struck to give Brighton and Hove Albion all three points. Brighton won both Premier League games between the two sides last season, scoring six goals across the pair of contests.

Further cuts in Value-Added Tax on petrol, diesel in Bihar
The move by the central and state governments will cost the exchequer a significant amount but will provide relief for consumers. Jaitley said he on Wednesday met Oil Minister Dharmendra Pradhan and inter-ministerial consultations continued on Thursday.

Kim Kardashian Apologizes For Encouraging 'Insensitive' Eating Comments
And now Kim has apologised for her positive reaction to the comments on Ashley Graham's podcast, Pretty Big Deal . Kim had posted a series of controversial videos celebrating her weight loss.

First Rosmah, now Najib arrives at court too
It is the first time in Malaysia's history that the wife of a former prime minister has been charged. Najib told Reuters in an interview that his wife never received the pink diamond set.

Pompeo backs away from denuclearization goal for North Korea
Nauert said the stops in Japan, South Korea and China were meant to brief counterparts on the Pyongyang talks. On Pompeo's third visit in July, Kim stood him up and his regime issued a sharply critical statement.

Congolese physician and Yazidi human rights activist win 2018 Nobel Peace Prize
Her assaulters threatened to execute her if she did not convert to their hateful, inhuman version of Islam. Ms Murad said she had managed to leave the compound and stopped at a house to ask for help.