Banksy Pranks Auction House, Shreds $1 Million Artwork

Here is how Banksy shredded a painting worth £1million

Banksy, meanwhile, took to social media to poke yet more fun, uploading a picture of the shocked crowd inside the auction house, writing: "Going, going, gone".

He made that very clear in 2007, when he posted an image on his website of a packed auction room bidding on a framed painting of the words: "I can't believe you morons actually buy this shit".

Video footage showed two men taking the painting away shortly after the sale, bits of the image hanging down from the bottom of the frame in strips.

Banksy's spokeswoman, Jo Brooks, confirmed that the post was genuine. The work was signed in a heavy gilt frame, which, as it turned out in the end, was embedded and Schroeder.

Alex Branczik is Sotheby's head of contemporary art, Europe, who is quoted by The Art Newspaper as saying "It appears we just got Banksy-ed", after the painting was destroyed.

The buyer's identity was not revealed. While the act may have been in protest of the art market and the exorbitant prices paid for works of art at auction, experts declare that the value of the piece will most likely increase as a result of the performance.

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"We have not experienced this situation in the pastwhere a painting spontaneously shredded, upon achieving a record for the artist".

Ian Syer, co-Founder of MyArtBroker.com said: "Banksy is unique to the art world". Brooks would not say whether the artist had been at the auction.

"We had no prior knowledge of this event and were not in any way involved", he said.

However it was years before that rumours about Del Naja began to swirl when Banksy works popped up in cities where Massive Attack were touring at the same time.

While it is still being debated around the world what art really is and who it really is for, one artist laid it clear what art should not be. He frequently turns to elaborate, clandestine pranks to needle the high-end gallery and museum scene which, while making him rich, has also served as foil for his satirical work. 'Girl With Balloon, ' which depicts a child reaching upward toward a heart-shaped balloon, was first stenciled on a wall in East London.

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