Banksy Painting Self Destructs Following Its $1.4 Million Sale

Here is how Banksy shredded a painting worth £1million

Here is how Banksy shredded a painting worth £1million

A famous Banksy painting self-destructing at an auction left art lovers around the world stunned.

But the artwork was granted certification by Pest Control, Banksy's authentication body, and has been given the new title Love Is In The Bin. In 2013, he established a booth in a NY market where he sold his original works for $60 (N21,810).

"Following his surprise intervention on the night, we are pleased to confirm the sale of the artist's newly-titled Love Is In The Bin, the first artwork in history to have been created live during an auction".

The buyer said she came to terms with the shredded painting after realizing she would "own a piece of art history".

Yesterday, Banksy posted a video on his Instagram account explaining how he installed the shredder in the frame without anyone knowing.

Value of the art may have doubled As the shredding was an intentional decision by Banksy, the shredded print may be worth twice what it sold for.

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The 12-year-old painting had just been sold for 1,042,000 pounds ($1.37 million) - matching Banksy's all-time record.

Auctioneers have promised no more stunts as they look to sell off Slave Labour, which features a young boy creating bunting at a sewing machine.

It's not known whether Sotheby's had any prior knowledge of the prank, but the painting was conspicuously the final lot of the auction - which meant it marked a spectacular end to the company's Contemporary Art Evening Sale.

"I wouldn't put it past Banksy to have staged the whole thing, and I wouldn't put it past him to have pulled this off without anyone being on it", Brooklyn-based street art curator RJ Rushmore told CNN.

Shortly after, a man is seen being escorted out of the room. His screen is visible and that angle is similar to one in footage in Banksy's video.

However, some auction flipping experts claimed that Banksy's stunt would only cause the value of the shredded painting to increase by about 50 percent more, meaning Banksy might have accidentally increased the value of said painting, despite its state. In 2006 he had built a life-size image of a hooded Guantanamo Bay detainee inside a ride in Disneyland themed park in California.

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