Buyer of Banksy painting that self-destructed wants sale to go through

14 October, 2018, 08:31 | Author: Irvin Gilbert
  • Banksy'Girl With Balloon Painting Worth Double After Self Destructing at AuctionMore

Banksy's painting "Girl with Red Balloon" is seen shredded after its sale at Sotheby auction in London, Britain October 5, 2018 in this still image taken from a video obtained from social media on October 6, 2018.

When street artist Banksy destroyed one of his works of art last week seconds after it was sold at auction, he probably added to its value, with some experts suggesting it could now be worth double its original price.

There have been questions whether - and to what extent - Banksy may have collaborated with the auction house to pull off the elaborate stunt, which is an anti-capitalist critique of the art market.

The winning bidder for a Banksy painting that self-destructed during an auction last week has made a decision to go through with the purchase, auctioneer Sotheby's said Thursday.

His official authentication body, his company Pest Control, has recertified the work and granted it a new certificate.

In an Instagram post, the street artist posted a photo of the moment, showing shocked telephone buyers next to the canvas.

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Sotheby's, later said she now owned her own piece of art history.

Other Banksy works are due to go under the hammer and auctioneers have said they can't guarantee the items will "shred or explode".

Alex Branczik, Sotheby's head of contemporary art, Europe, told The Guardian: "Banksy didn't destroy an artwork in the auction, he created one".

Sotheby's said the buyer of the 2006 work "Balloon Girl", identified only as "a female European collector and a long-standing client of Sotheby's", had made a decision to continue with the purchase at the original price.

The Banksy work that was shredded last Friday will be on public display in London this weekend.

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