![]() ![]() ![]() Works of art and picture frames are usually studied with care and attention prior to sales, they say. Banksy artwork plummets from £40,000 to £1 after owner mimics auction stunt and shreds it ON PURPOSE The bungling owner was trying to imitate the famous street artists prank when he sliced the. Sotheby's claimed to have been surprised by Friday's auction prank, but some art experts have questioned how it was possible to pull it off without their knowledge. Banksy on Saturday posted a video to Instagram that showed footage of a shredding mechanism being built into a frame for, presumably, Girl with Red Balloon. As the saying goes, a fool and his money are soon partedand one fool just parted with 1.4 million thinking they were buying a rare and valuable Banksy painting at auction. It also says Banksy installed the shredded years ago, in case it was ever put up for auction. No sooner did the gavel come down to mark the sale of Banks. It shows Banksy fitting a shredder into the ornate frame, placing a backing on it, and nailing it together. Art connoisseurs could only watch in horror as an expensive piece was shredded before their eyes. Amid a pandemic art sale boom, in March, a Banksy painting honoring health care. This will not be the only piece by the elusive British artist to fetch an eye-watering sum this year. Because it is only partially shredded, "it becomes something else, egged on by the social media buzz" and acquires the aura of "an iconic work of art," he said.Īrtcurial will shortly auction three Banksy paintings, along with a resin-crafted figure of a rat holding a paintbrush signed by the artist. The video gives a behind-the-scenes look at how the painting was able to shred itself. Sothebys is setting a price estimate between 4 and 6 million pounds (5.5-8.3 million, or 4.6-7 million) for the October 14 auction. "Banksy reminds people that, even in a prominent auction, all his art is fleeting," he added.Īrnaud Oliveux, an expert at the Artcurial auction house Paris, suggested Banksy was careful not to destroy the whole of his painting. It shows hands and a hooded figure (Banksy is fond of. The nearly three-minute long video is titled Shred the Love, the Director’s cut. "It's a performance in the line of Marcel Duchamp's 'Ready Made'," he said speaking of a term coined by the French artist in 1915 to describe a sometimes modified, but always common object, not usually thought of as a work of art. A complete shredding of the same design is then shown. It might now be worth "more than two million euros," he suggested. ![]()
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