Buyer of shredded Banksy work goes through with deal


To mark the fact that the work, after its transformation, is now an entirely new piece, Banksy has renamed the painting.

The painting "Girl with Balloon" was passed through a shredder hidden in the frame just after it went under the hammer last week for £1,042,000 ($1.4 million, 1.2 million euros).

Darren Julien, president of Julien's Auctions, said: "We can't guarantee that our four Banksy's will automatically shred or explode but they will sell to the highest bidder".

On October 5, anonymous street artist and art-world prankster Banksy shocked onlookers at Sotheby's (and subsequently the world) when the artist's beloved "Girl with Balloon" was sold at its London auction for the equivalent of over $1.2 million then proceeded to "self-destruct".

Banksy himself posted an Instagram picture of shocked attendees watching the painting disintegrate last week, with the caption: "Going, going, gone".

It might now be worth "more than two million euros", he suggested.

After a week of negotiations, the winning telephone bidder - which the auction house described in an Instagram post as a "long-standing client" who is a "female European collector" - is going through with her purchase at its original price.

The buyer said the creation of the work was a seminal event.

Banksy's painting Girl with Red Balloon was shredded after its sale at a Sotheby's auction in London.

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

Sotheby's, which boasts that the new work "was created in our salesroom", is now calling the piece "the first work in history ever created during a live auction".

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