Last week, mysterious street artist Banksy pulled the greatest, well, most expensive, prank of all time by causing one of his own pieces to self-destruct at an auction via a paper shredder inserted into the painting’s frame.
Onlookers at the event may have been horrified from what happened, especially considering it was purchased at an astounding $1.2 million, but it appears that the shredded piece of art hasn’t lost any of its value, or the buyer for that matter.
With the painting’s destruction, many were curious about what happens next, which is kind of a fair question. Today, the Sotheby’s released a statement on the matter, where they shared that the painting was being revived.
Per the statement, the shredded piece of work is getting another makeover, and the piece that was once known as “Girl With Balloon” by Banksy is getting renamed and recertified as “Love Is In The Bin.”
The buyer, who is described as “a female European collector” and “a long-standing client of Sotheby’s,” is set to still purchase the destroyed piece of art for the same price she originally bid.
According to Sotheby’s, the buyer commented: “When the hammer came down last week and the work was shredded, I was at first shocked, but gradually I began to realize that I would end up with my own piece of art history.”
Well, at least the art buyer has kept herself pretty positive after the pricey prank.
You can see the video of the piece’s destruction below:
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Of course, her decision to keep the new piece of art might pay off in the long run. Art experts have since commented on the stunt, saying that Banksy’s prank could have raised the price of the piece.
Offer Waterman, a 20th-century British art dealer, recently sat with the New York Times where he shared: “It’s become worth more as a conceptual moment than as a work of art itself.”
What do you think of Banksy’s expensive prank? What about the remake of the piece? Sound off in the comments below!
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