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Post by IggyWiggy on Oct 6, 2018 6:24:10 GMT
A Banksy painting has “self-destructed” on the auction podium at Sotheby’s in London after being sold for over £1m, in one of the most audacious art pranks thought to have been carried out by the street artist. With an estimate at £200,000-£300,000, “Girl With Balloon” was subject to brisk bidding at the Contemporary Art Evening Sale on Friday night until the hammer went down on the winning bid of £860,000, given by telephone, at around 9pm. With buyer’s premium, the sale came to £1,042,000. Shortly after sale concluded, however, the canvas was shredded by a mechanism apparently hidden within the base of the frame, with most of the work emerging from the bottom in strips. “We’ve just been Banksy’ed,” said Alex Branczik, senior director at Sotheby’s, speaking after the incident. “We have not experienced this situation in the past . . . where a painting spontaneously shredded, upon achieving a [near-]record for the artist. We are busily figuring out what this means in an auction context,” he said. The last lot of the evening, Sotheby’s described the work ahead of the sale as “authenticated by Pest Control”, the handling services organisation that acts on Banksy’s behalf. It was signed and dedicated on the reverse and had been acquired by the vendor directly from the artist in 2006, the auction house said. Depicting a girl losing or letting go of a red, heart-shaped balloon, a common subject for the activist and street artist, the spray-painted canvas was contained in the artist’s frame, which staff surmised contained a remotely activated shredding mechanism. It was not clear whether the artist had attended the auction in person to deliver the coup de grâce to his work. Where a work suffers damage while in the care of an auction house, it would not normally expect any buyer to honour the purchase and may cancel a sale. However, there was speculation after the Banksy sale as to whether the shredded painting would have risen in value, given its status as the subject of one of the greatest pranks to have been played on the art market. Sotheby’s said in a statement: “We have talked with the successful purchaser who was surprised by the story. We are in discussion about next steps.” www.ft.com/content/1c748f2e-c8ea-11e8-ba8f-ee390057b8c9
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Post by IggyWiggy on Oct 6, 2018 6:26:10 GMT
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Post by riq on Oct 6, 2018 11:24:08 GMT
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Post by riq on Oct 6, 2018 11:29:38 GMT
What a brillant stunt!! I absolutely love it! The buyer has now a very special gwrb painting ☺
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Post by sɐǝpı ɟo uoıʇɐɹǝpǝɟ on Oct 6, 2018 15:00:10 GMT
as much as i want to enjoy this, i think its kinda lame
nothing worse than hearing a room full of multi-millionaires and their stuffy laughing
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Post by dot on Oct 6, 2018 15:13:17 GMT
saw the video on instagram - looks well conceived.
then it vanished , literally.
i'm sure it'll be back.
(reminded me of the video i saw years ago of the making of the justice monument in clerkenwell).
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Post by sɐǝpı ɟo uoıʇɐɹǝpǝɟ on Oct 6, 2018 15:50:57 GMT
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Post by pingoo on Oct 6, 2018 16:20:31 GMT
- If he really wants fuck things up, he should do an open edition of the print and watch the chaos, not this kind of marketing show. Anarchist my arse.
- That's a refreshing take on the art world and a brillant reminder to all morons to keep it real.
- This piece, because of what happen, rised up in value, feeding even more greedy capitalist speculators.
I'm confused !
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Post by sɐǝpı ɟo uoıʇɐɹǝpǝɟ on Oct 6, 2018 17:03:53 GMT
highly recommend this book if anyone's looking for a refresher on how scummy the auction world is, and how many artists are extremely complicit
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Post by riq on Oct 6, 2018 22:45:48 GMT
Totally understand what you mean fed, but isn't it still a very funny and unique idea? Even if it was all scripted and nobody really got hurt, I like the interaction with the buyers like it was within the morons print. Next step is open editions of all prints for small money
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Post by sɐǝpı ɟo uoıʇɐɹǝpǝɟ on Oct 7, 2018 0:12:07 GMT
Totally understand what you mean fed, but isn't it still a very funny and unique idea? Even if it was all scripted and nobody really got hurt, I like the interaction with the buyers like it was within the morons print. Next step is open editions of all prints for small money I got a good laugh out of it for sure
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Post by smokey834 on Oct 7, 2018 15:51:52 GMT
Totally understand what you mean fed, but isn't it still a very funny and unique idea? Even if it was all scripted and nobody really got hurt, I like the interaction with the buyers like it was within the morons print. Next step is open editions of all prints for small money I got a good laugh out of it for sure Fed hope you all are well. School has kept me away far too long, and even this visit it likely short lived. Just felt compelled to pop in and tell everyone hello!
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Post by chainsaw on Oct 7, 2018 16:33:26 GMT
I want to see how they are now going to frame the whole thing
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Post by adman on Oct 7, 2018 18:47:32 GMT
I want to see how they are now going to frame the whole thing I guess it could be argued that it is now worth more? A unique intervention / spectacle / event, blah, blah, whatever... who nose, not me!
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Post by adman on Oct 7, 2018 19:16:36 GMT
A Banksy painting has “self-destructed” on the auction podium at Sotheby’s in London after being sold for over £1m, in one of the most audacious art pranks thought to have been carried out by the street artist. With an estimate at £200,000-£300,000, “Girl With Balloon” was subject to brisk bidding at the Contemporary Art Evening Sale on Friday night until the hammer went down on the winning bid of £860,000, given by telephone, at around 9pm. With buyer’s premium, the sale came to £1,042,000. Shortly after sale concluded, however, the canvas was shredded by a mechanism apparently hidden within the base of the frame, with most of the work emerging from the bottom in strips. “We’ve just been Banksy’ed,” said Alex Branczik, senior director at Sotheby’s, speaking after the incident. “We have not experienced this situation in the past . . . where a painting spontaneously shredded, upon achieving a [near-]record for the artist. We are busily figuring out what this means in an auction context,” he said. The last lot of the evening, Sotheby’s described the work ahead of the sale as “authenticated by Pest Control”, the handling services organisation that acts on Banksy’s behalf. It was signed and dedicated on the reverse and had been acquired by the vendor directly from the artist in 2006, the auction house said. Depicting a girl losing or letting go of a red, heart-shaped balloon, a common subject for the activist and street artist, the spray-painted canvas was contained in the artist’s frame, which staff surmised contained a remotely activated shredding mechanism. It was not clear whether the artist had attended the auction in person to deliver the coup de grâce to his work. Where a work suffers damage while in the care of an auction house, it would not normally expect any buyer to honour the purchase and may cancel a sale. However, there was speculation after the Banksy sale as to whether the shredded painting would have risen in value, given its status as the subject of one of the greatest pranks to have been played on the art market. Sotheby’s said in a statement: “We have talked with the successful purchaser who was surprised by the story. We are in discussion about next steps.” www.ft.com/content/1c748f2e-c8ea-11e8-ba8f-ee390057b8c9I thought it was normal practice to remove any artwork from it's frame prior to auction – condition reports etc? Certainly been the case with anything I've ever sold. Odd. Anyway, an intriguing update on Morons?
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Post by sɐǝpı ɟo uoıʇɐɹǝpǝɟ on Oct 8, 2018 1:51:53 GMT
auction houses (and art fairs) are directly responsible for the de-evolution of modern art (and decreasing prestige of fine and historic art). When was the last time a piece of art was mentioned in the media without any reference to its preceiced value? A work is now considered “important” only if sells for record amounts, elevating above-average artists of the past to “genius” status based upon the tastes of a handful of super-rich collectors or art consortiums..... New artists who’ve worked so hard to develop their craft have little incentive to experiment, develop new ideas, and push boundaries once their work hits auctions and fairs.. Instead they’re expected to lessen their output (or churn out more of the same) in order to pump prices at auction... it’s a bad cycle that rewards mediocracy over vison
while I think the Banksy stunt was funny, it feels more like blatant self-promotion than any deep social commentary. Reading articles comparing it to the work of DuChamp or the avante gardes seems like a stretch
then again, maybe we’ve just put Banksy on a pedestal for so long and expect too much from him.... I guess I’m just torn. It’s hard to enjoy what he did while knowing the hypocrisy that exists in order for these circumstances to exist in the first place
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Post by sɐǝpı ɟo uoıʇɐɹǝpǝɟ on Oct 8, 2018 1:54:00 GMT
I got a good laugh out of it for sure Fed hope you all are well. School has kept me away far too long, and even this visit it likely short lived. Just felt compelled to pop in and tell everyone hello! Hi Smokey! Great to hear from you. Hope you’re kicking ass at school Any plans to visit NY this year?
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Post by smokey834 on Oct 9, 2018 2:33:32 GMT
Fed hope you all are well. School has kept me away far too long, and even this visit it likely short lived. Just felt compelled to pop in and tell everyone hello! Hi Smokey! Great to hear from you. Hope you’re kicking ass at school Any plans to visit NY this year? Doubtful. School has me so busy with these upper level classes. Talking of a trip to Russia(via the mother in law of course) so waiting to see if that happens. Lala may be visiting in the Spring to bring a piece and to talk to my university and the Art’s Focus school where the Mrs teaches. If I do make it tho, expect a call!! Hope you’re all well sir!
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Post by clashcityrockers on Oct 9, 2018 6:25:34 GMT
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Post by elvis on Oct 9, 2018 9:03:23 GMT
The paper doesn't look right on this... I wonder whether this is just publicity for the 'undisputed Banksy expert' MyArtBroker.
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Post by tom on Oct 9, 2018 9:29:20 GMT
surely this is a WCP version?
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Post by dazarino on Oct 10, 2018 6:34:46 GMT
Sorry but this stinks of a set up, total bull crap. Banksy story is just full of shit. Just a stunt to get his name in the papers. Kim Kardashian of the artworld.
Did find it funny when a collector shredded his print though. I do have a feeling it's probably a fake.
Anyway job done, as we are all chattering about it right now.
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Post by hankpank on Oct 10, 2018 21:20:41 GMT
How many of you believe the GWRB is safe and sound inside the frame? I think there were two versions, one visible and one invisible pre-shredded. When the "shredding" started the visible one was rolled up at the bottom of the frame and the shredded one was rolled out. When you look at the films from the side it looks like there's a big distance where it disappears and where it comes out at the bottom. The shredded is a few centimeters behind. And I don't understand how those scalpels in Banksys film could have shredded anything mounted sideways as they were.
So my guess it was two for the price of one and more to be viewed as a sculpture than a painting.
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Post by riq on Oct 10, 2018 22:12:29 GMT
sounds very plausible for me too. I doubt that it is possible to build a shredder with such blades at all. even if you put them in to the right direction. can somebody wealthy with a lot of spare time please try to built one just to proof this? what i don't get is why would he fake the video and lie about his work? that does't really fit in my eyes... maybe it is part of a bigger plan we don't get yet...? prank everybody by telling them that the prank was a fake prank? don't believe what you see or something like this?
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Post by jkrx on Oct 10, 2018 22:39:19 GMT
I just think it's a lot easier to make a reliable device that rolls one pic out of sight while rolling the shredded version out underneath
The chances of a real shredder failing or not quite working properly or jamming or not having the power to do the job properly would surely be too big a risk when planning such a huge stunt
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