Repeating Banksy trick resulted in a failure.
On October 5, at the Sotheby’s auction, Banksy sold The Balloon Girl for about a million pounds. Immediately after hitting the hammer, the picture self-destructed with the help of a schredder built into the frame, which the artist installed. According to experts, because of the caused damage, the cost of the spoiled “Balloon Girl” has only increased.
A few days later, MyArtBroker website staff involved in the valuation and resale of works of art (including Banksy’s works), said that an anonymous artist had followers. Collectors with pictures of Banksy became interested, whether their property would become more expensive if it was cut too. Experts advised not to do so.
We've had a number of #Banksy print owners contact us today asking if they shred their artwork will it be worth more. Please, Please DON'T. The events of the last 24hrs are a very unique piece of art history. #GirlWithBalloon
— MyArtBroker (@myartbroker) October 6, 2018
Later, the staff of MyArtBroker told that the collector, who had cut the Banksy picture, turned to them. It was about the unsigned print of “Balloon Girl”: there are only 600 such copies, and they cost an average of 40 thousand pounds. The collector asked to set the price of work at 80 thousand pounds, but art historians refused to place the lot and said that the price for it now was a maximum of one pound.
“Banksy is unique to the art world. No other artist captures the hearts and minds of the public like he does. However, when Banksy does something crazy like shredding his own artwork, it will naturally have a dramatic affect on values. What this person today seems to have done is needlessly ruin a print worth around £40k and reduce its value to almost nothing. We strongly recommend nobody else takes valuable art and tries to cash in on what history will judge a simply brilliant stunt. There are limited numbers of Girl With Balloon prints in the world, today, we lost one and it’s a crying shame.”
Co-Founder of MyArtBroker