Sotheby’s confirmed the sale of the canvas auto-destroyed Banksy

The original painting Girl With Balloon sold for a record £1.04 million- but then

Far from being torn up over the incident, the buyer of a work by street artist Banksy - that was partially shredded moments after it was sold - has gone through with the purchase.

In a video, a person purported to be the anonymous graffiti artist is shown installing a shredder inside the gilded frame "in case it was ever put up for auction".

"The new work has been granted a certificate by Pest Control, Banksy's authentication body, and has been given a new title, 'Love is in the Bin, ' " Sotheby's said in a statement Thursday. Sotheby's would not reveal the name of the buyer of the work but, according to the New York Times, confirmed that the client was a private collector who placed the winning bid with a Sotheby's staffer via the phone.

"Sharing the video on Instagram, the artist included the caption: "'The urge to destroy is also a creative urge' - Picasso".

Turns out there was a shredder built inside the frame that was activated immediately after the painting was auctioned. No sooner did the gavel come down to mark the sale of Banksy's "Girl With Balloon" for a record $1.4 million, did the picture start to slip out of its frame into shreds below.

Banksy's self-shredding'Girl With Baloon artwork caused chaos at Sotheby's
Banksy’s self-shredding ‘Girl With Baloon’ artwork caused chaos at Sotheby’s

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.

Arnaud Oliveux, an expert at the Artcurial auction house Paris suggested Banksy was careful not to destroy the whole of his painting. The said auction took place on October 5 in Sothebys where one millionaire could have laid his dirty hands on a creation of a rebel, until it got shredded.

Researchers at Queen Mary University in London concluded that Gunningham was likely to be the art legend, although the man himself denied it.

In 2006 he secretly erected a life-size replica of a hooded Guantanamo Bay detainee inside a ride in the California Disneyland theme park.

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