As of now, the future of "Girl With Balloon" appears to be up in the air, but it's safe to say that Banky's prank might just go down as the PR stunt of the year. The website MyArtBroker.com, which resells Banksy pieces, said Girl with Balloon had enjoyed annual increases in value of about 20% in recent years. Elite Daily reached out to Sotheby's of London to inquire if the auction house was aware of the stunt before it happened and if there were any changes in the purchase of the piece, but did not hear back by the time of publication. He said, “It’s certainly the first piece to be spontaneously shredded as an auction ends.” Plus, as many users have noted, it was symbolic that the balloon heart was not a part of the spontaneous destruction. According to The Guardian, the gallery ‘Girl with Balloon’ is now “part of art history” and has exploded in value according to one broker’s estimate. The enigmatic artist’s “Girl With Balloon” sold for $1.4 million before being shredded by a rigged frame at Sotheby’s auction house in London on Friday. This is Banksy’s deal: He doesn’t like his works being monetized and has avoided charging people to view his works, many of which pop up in public places. Banksy’s 'Girl With Balloon' was shredded. Banksy's latest performance piece -- which saw him remotely shred his $1.1 million Girl with Balloon canvas seconds after it sold at auction -- … “Some people think the auction house were in on it, they weren’t,” Banksy said in an Instagram post on Thursday alerting people to the YouTube clip. About halfway through, the shredding suddenly stopped, and the top portion of “Girl With Balloon” seemed to have been saved. 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Just moments after it was auctioned off for $1.4 million to an undisclosed bidder at Sotheby’s in London, Banksy’s “Girl With Balloon” appeared to self-destruct.. The buyer of the artwork has kept the piece. "We have not experienced this situation in the past ...where a painting spontaneously shredded, upon achieving a [near-]record for the artist," Branczik further explained in an interview with the Financial Times. What Does The Rest Of 2020 — And The Decade — Have In Store For Kendrick Lamar? Joanna Brooks, the director of JBPR, who answers media enquiries on behalf of Banksy, did not respond to phone calls or to an email asking whether the rehearsals had indeed been conducted on paper copies. LONDON — As the $1.4 million artwork began passing through a shredder hidden in its frame, gasps were heard in the auction room. 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On October 5, 2018, a 2006 frame print of Girl with Balloon was auctioned at Sotheby’s. As for the mysterious Banksy, he celebrated the successful prank with the fitting caption "Going going gone" on his Instagram. What happens to his art, whether it appears somewhere overnight or is destroyed in what amounts to a public relations campaign against capitalism in the art world, is noteworthy because it will get people talking. And knockoff artists will try to turn a quick buck. Unsurprisingly, the art world is still reeling from the (maybe) destruction of one of the world's most iconic pieces and trying to figure out what comes next. Girl with Balloon, 2006, shredded at auction. Those who stumble upon his works in their neighborhood will cover them up and charge a cover to take a peek. "You could argue that the work is now more valuable,” Branczik remarked in Sotheby's blog post, calling it "instant art world folklore." This video may reveal the true identity of Banksy as Girl With Balloon painting gets shredded. But that reprieve, according to Banksy, the street artist who created the work — and who organized the prank to destroy it — wasn’t planned. That's right, Banksy’s 'Girl With Balloon' was shredded after being sold at auction for over $1 million, and people can't handle it. The problem is that according to some art experts his act of destruction may actually make the piece more valuable. He’s feigned helplessness about such things in the past, but this stunt was a clearly planned and carefully orchestrated by the artist himself. “The auction result will only propel this further and given the media attention this stunt has received, the lucky buyer would see a great return on the £1.02m they paid last night. It’s also certainly not the first time an artist has tried to destroy his own art to make a point about popularity and capitalism in the industry. In the most Banksy-esque of Banksy pranks, the enigmatic graffiti artist's 'Girl With Balloon' — which depicts a young girl reaching towards a red heart-shaped ballon — decided to self-destruct just moments after a buyer made the move to purchase it for about $1.4 million, according to a blog post shared by Sotheby's. The piece, which sold for more than $1 million, now hangs halfway out of its frame in ribbons, with the girl partially obscured by the frame that destroyed the work in the first place. In an interview with The Art Newspaper published on Wednesday, he said that Sotheby’s had asked Pest Control, Banksy’s official authentication body, if the gaudy frame could be removed before the auction. The frame shredded half of the iconic painting, but the buyer who paid more than $1 million for it is probably very lucky indeed. Banksy reveals how shredding stunt was REALLY supposed to … Once the gavel hit the hardwood, however, the piece was partially shredded with a device hidden in the painting’s frame. he made coffee and said he put something inside that would "REALLY wake me up" pic.twitter.com/DRD0uCneHU, — demi adejuyigbe (@electrolemon) July 15, 2014. But the stunt itself might only make the pieces he “ruins” more valuable. Some in the art world will literally move cinder blocks and other structures he’s created on to put them in galleries or private collections. https://twitter.com/mikkipedia/status/1048642745135456256/photo/1. 3. “It does look like paper coming out, but there is a chance it could be a fine linen,” said Danielle Howe, who works at John Jones, a London-based canvas supplier. After the hammer went down and it was sold, an alarm sounded and the drawing suddenly started lowering through its frame before a hidden shredder cut it into strips, shocking and dismaying attendees. Banksy has been a mysterious man, or woman. “This is now part of art history in its shredded state and we’d estimate Banksy has added at a minimum 50% to its value, possibly as high as being worth £2m plus.”. "In its shredded state, we'd estimate Banksy has added at a minimum 50 per cent to its value, possibly as high as being worth 2 million pounds." I mean Banksy is the pop artist we deserve, since he is a fake deep white guy with no clue about art history who profited immensely off the back of POC art forms without actually engaging with that community. “In rehearsals it worked every time,” a caption says. Some Twitter users are speculating that Sotheby's was previously aware of the planned stunt, although several officials rushed to try and save the piece when it first started shredding. According to Sotheby's, the mysterious bidder was "surprised by the story" and they are currently holding discussions about what will come next. Banksy’s commentary here is very reminiscent of comedian and writer Demi Adejuyigbe’s old bit about having Banksy as a roommate, which he ran on Twitter years ago. began passing through a shredder hidden in its frame. Banksy’s newest bit of artistic rebellion came to fruition on Friday night, when a framed painting of one of his signature designs was sold at auction. The conservator did not take apart the frame, he added. That Banksy’s brand of Deep Thinking can be so easily parodied is telling: It’s an interesting cultural touchpoint, but it’s not all that revelatory. The bit expanded into him writing about his pretend roommate Banksy on Medium, chronicling the various antics of the wacky anti-establishment roommate constantly annoying you with his art projects. The canvas — bearing one of the mysterious artist’s most famous pieces — slid down its thick frame, shredding half of the piece, much to the shock of auction attendees. The image, which was voted the U.K.'s favorite piece of artwork back in 2017, was the final piece up for auction. It ended up fetching £1,043,000 4, which was also the highest amount any of his work has ever sold for. October 18, 2018. The art world is in shock today after a priceless item up for auction was "going, going, gone" — quite literally. In a blog post shared by Sotheby's, Alex Branczik, Sotheby's senior director and head of contemporary art in Europe, said the future of the piece is still up in the air, noting "it appears we just got Banksy-ed." On the evening of Friday, Oct. 5, elusive artist Banksy's arguably most iconic art piece was in the market for a buyer at Sotheby's of London when the unthinkable happened. Many are taking the prank to be a social resistance move mixed with a dose of performance art, and public opinion on Twitter is split on whether the publicity stunt ruined the piece or if it has in fact, as some users are saying, increased its value.