Tuesday, 11 December, 2018

Winning bidder for shredded Banksy painting decides to keep it

The The"Girl With a Balloon Banksy print now considered worthless after it was shredded. Source Supplied
Charles Bowen | 12 October, 2018, 15:34

The anonymous buyer of a Banksy painting that was partially shredded at an auction has agreed to proceed with her payment of £1.04 million pounds ($AU1.9 million) despite the damage to the artwork, the auctioneers say.

Banksy, who has never disclosed his full identity, began his career spray-painting buildings in Bristol, England, and has become one of the world's best-known artists.

"When the hammer came down last week and the work was shredded, I was at first shocked, but gradually I began to realize that I would end up with my own piece of art history", the buyer, a long-standing client of Sotheby's, said in the release.

Moments after the hammer fell at the auction on Friday, alarms sounded and the canvas dropped through a hidden shredder built into the bottom.

Banksy himself posted an Instagram picture of shocked attendees watching the painting disintegrate last week, with the caption: "Going, going, gone".

More news: Man planned to detonate 200-pound bomb on Election Day

It still remains unclear how the shredder was activated.

The modified version has now been certified by Banksy's authentication body Pest Control as a new piece of work in its own right, entitled "Love is in the Bin".

For those who didn't get a chance to see the incident unfold last week (and are not already exhausted of reading about it), Love Is In the Bin goes on show at Sotheby's New Bond Street galleries on 13 and 14 October.

The auction house says a female European collector was the successful bidder who offered £1.04 million (NZ$2.1 million) for Girl With Balloon. "The idea of him colluding with an institution to pull off a stunt is the complete antithesis to his philosophy", Steve Lazarides, Banksy's former gallerist said, cited by the publicly listed auction house in the release.

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