“The urge to destroy is also a creative urge,” is a quote by the artist Mikhail Bakunin, but in an Instagram video shared by Banksy along with the video, the artist misattributes it to Picasso.
“This is now part of Art History in its shredded state and we’d estimate Banksy has added at a minimum 50 percent to it’s value, possibly as high as being worth £2m+.” “Given the media attention this stunt has received, the lucky buyer would see a great return on the £1.02M they paid last night,” Joey Syer of told the media Saturday. One art world observer says the work’s value would likely increase, despite it being sliced up. The auction price was the highest-ever for a Bansky work.ĭespite the shredded work, Sotheby’s told the press on Friday they were in conversation with the winning bidder about what to do next. Can We Just Admit That Banksy’s Art-Shredding Stunt Is Actually Really Good It is OK to let yourself like this confounding bit of auction theater. A version of the work was auctioned off in 2007 as well, and it’s one of the artist’s most recognizable works and was repurposed to support the Syrian people caught in the middle of a civil war in 2014. A work by British street artist Banksy that sensationally self-shredded just after it sold at auction three years ago has fetched almost 18.6 million pounds (34.3 million) a record for the artist, and close to 20 times its pre-shredded price. It’s a good estimation for where Girl with Balloon stands today, both in the popular consciousness and that of the market: hyped, yet trenchant. This set a brand-new auction record for Banksy. “Balloon Girl” originally appeared in 2002 as a graffiti work in the United Kingdom. It sold, in its tattered form, with the new name Love is in the Bin (2018), for 25.4 million at a Sotheby’s auction in October 2021.
“It appears we just got Banksy-ed,” Sotheby’s senior director Alex Branczik said in a statement that described the incident as “the first time in auction history that a work of art automatically shredded itself after coming under the hammer.”
It wasn’t immediately clear if the half-shred was intentional or a malfunction. See also: Did a Bunch of Math Nerds Find Out Banksy’s Real Identity? (2016)Īs the video shows, the shredder only appears to cut half of the painting into ribbons, leaving the little red heart balloon intact. The video shows dozens of blades being placed inside the frame.
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