Banksy artwork shreds itself after selling for 1 mn pound at auction

Banksy has revealed footage of him hiding a shredder in the Girl with Balloon frameMore

Syer believes that only Banksy could really pull off such a stunt with the artwork, which was originally painted by the artist on a wall in Great Eastern Street, London. After auction patrons were stunned to see it self-destruct, Banksy posted an Instagram video of the work being shredded along with a quote from Pablo Picasso: "The urge to destroy is also a creative urge".

"You could argue that the work is now more valuable", said Alex Branczik, Sotheby's head of contemporary art, Europe.

A framed version of Banksy's "Girl With Balloon," one of the artist's most iconic images, hit the auction block Friday night at Sotheby's in London.

Banksy is also theorised to not be one person - but rather a collective of artists working around Britain.

It does not show how the shredder was activated, but it is thought to have been achieved through a remotely activated mechanism within the frame.

The 12-year-old painting had just been sold for 1,042,000 pounds ($1.37 million) - matching Banksy's all-time record. "Other copies of the painting have been auctioned over the years".

Banksy in 2013 set up a stand near the city's Central Park and sold 20 signed canvases of his own work for $60 each.

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Banksy - whose identity still has yet to be confirmed - often incorporates political messaging, anti-capitalist ideas, and art world satire into his work. Presumably the frame shown in the video is the one that was holding "Girl With Balloon" on Friday, though it's worth noting that with Banksy, things are rarely exactly as they seem. "We are in discussions about next steps", the auction house said in a statement.

He said the auction house was still "busily figuring out" how the transaction for the now radically altered work will play out.

Banksy works including Slave Labour are due to go under the hammer and auctioneers have promised no items will "shred or explode".

Could this man with the camera be the anonymous artist in action?

Sotheby's said it was talking to the seller, "who was surprised about the story", about how to proceed.

Unfortunately the joke is on the art defiler; experts at MyArtBroker.com refused to accept the maimed piece, which they estimate is now worth only £1.

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