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Art Experts Claim Shredded Banksy Art Will Now Be Worth Double

Art Experts Claim Shredded Banksy Art Will Now Be Worth Double

Remember earlier on we told you about the Banksy print that self-destructed seconds after being sold for a huge amount of money at an auction in New York?

Well, instead of being a devastating blow for whoever ended up winning the auction, it looks as if it could be a huge advantage if they ever want to sell the thing on again in future.

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In fact, such a storm has been created around it that it could actually fetch about 50 percent more, some art experts think.

Hell, it could even now be worth twice what was paid for it.

This is because it has now become infamous and has a unique history, whereas before it went through the remotely operated shredder it was just another Banksy print.

Admittedly, it was still about to sell for up around £1.04 million ($1.36m), which isn't cheap in the first instance, but now it could be worth a damn sight more than that.

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Joey Syer, the co-founder of MyArtBroker, told the Daily Mail: "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 £1.04m they paid last night.

"This is now part of art history in its shredded state and we'd estimate Banksy has added at a minimum 50 perent increase to its value, possibly as high as being worth £2m plus ($2.6m)."

Well, there you have it. Not a bad investment to make, despite presumably causing some initial distress to whoever had decided to buy it.

Credit: PA
Credit: PA

In the immediate aftermath, Sotheby's - the auction house in London that was selling the print, entitled 'Girl With Balloon' - said that they were discussing what to do with the buyer.

At the time, Alex Branczik, Sotheby's senior director, said: "It appears we just got Banksy-ed.

"We have talked with the successful purchaser who was surprised by the story.

"We are in discussion about next steps."

Credit: PA
Credit: PA

As soon as the auction ended, the shredder attached to the bottom of the frame started up remotely and ripped some of the piece to shreds before a shocked audience.

Shortly after, the reclusive artist got on social media and posted: "Going, going, gone..."

Banksy also showed his working on Instagram shortly before deleting the post. He shared a video of him tampering with the painting's frame and said: "A few years ago I secretly built a shredder into a painting in case it was ever put up for auction."

Credit: Banksy
Credit: Banksy

However, that video has just spurred on people who want to reveal the true identity of the anonymous artist.

Whoever shot the video looks quite a bit like Robin Gunningham, who has been suggested as a possible candidate for a while now.

Surely, if you're going to enjoy the work, it's better not to know?

Featured Image Credit: Sotheby's

Topics: uk news, News, Art, Banksy

Tom Wood

Tom Wood is a freelance journalist and LADbible contributor. He graduated from University of London with a BA in Philosophy before studying for a Masters in Journalism at the University of Salford. He has previously written for the M.E.N Group as well as working for several top professional sports clubs. Contact him on [email protected]

 

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