The shredding follows the stunt that Banksy pulled at Sotheby’s Auction House in London last week (October 5). One of his most iconic paintings was put up to auction and sold for $1.1 million, only to self-destruct via a shredding mechanism in the frame moments later.

The copycat used a Stanley knife to copy the shredding prank on his $80,000 print, of which there were only 600 copies in the world. He had hoped that mimicking Banksy’s stunt would double the painting’s value, only experts have described the copy as “opportunistic vandalism” and have re-valued the painting at $1.

The co-founder of MyArtBroker.com, Ian Syer, spoke about the event to the Daily Mail: “When Banksy does something crazy like shredding his own artwork, it will naturally have a dramatic effect on values.

“What this person today seems to have done is needlessly ruin a print worth around $80,000 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.”

The post Copy Cat Shreds Banksy Painting and Reduces Value to $1 appeared first on My Daily Magazine - Art, Design, DIY, Fashion and Beauty !.

The enigmatic graffiti artist Banksy pranked the elite at Sotheby’s Auction House in London this weekend (October 5). One of his most iconic paintings was put up for auction and sold for a whopping $1.1 million. Moments later, however, the painting self-destructed.

An alarm immediately sounded following the startling bid and the painting was shredded beyond repair from the bottom of the frame.

Seemingly unaware that this was going to happen, Alex Branczik, the head of contemporary art simply said: “It appears we just got Banksy-ed.”

He then declared: “He is arguably the greatest British street artist, and tonight we saw a little piece of Banksy genius.”

“The shredding is now part of the integral artwork. We have not experienced a situation where a painting has spontaneously shredded, upon achieving a record for the artist.”

After the incident happened, the anonymous Banksy posted a video of the event on his Instagram.

The post Banksy Painting Self-destructs After Selling for $1.1 Million appeared first on My Daily Magazine - Art, Design, DIY, Fashion and Beauty !.

The shredding follows the stunt that Banksy pulled at Sotheby’s Auction House in London last week (October 5). One of his most iconic paintings was put up to auction and sold for $1.1 million, only to self-destruct via a shredding mechanism in the frame moments later.

The copycat used a Stanley knife to copy the shredding prank on his $80,000 print, of which there were only 600 copies in the world. He had hoped that mimicking Banksy’s stunt would double the painting’s value, only experts have described the copy as “opportunistic vandalism” and have re-valued the painting at $1.

The co-founder of MyArtBroker.com, Ian Syer, spoke about the event to the Daily Mail: “When Banksy does something crazy like shredding his own artwork, it will naturally have a dramatic effect on values.

“What this person today seems to have done is needlessly ruin a print worth around $80,000 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.”

The post Copy Cat Shreds Banksy Painting and Reduces Value to $1 appeared first on My Daily Magazine - Art, Design, DIY, Fashion and Beauty !.

The enigmatic graffiti artist Banksy pranked the elite at Sotheby’s Auction House in London this weekend (October 5). One of his most iconic paintings was put up for auction and sold for a whopping $1.1 million. Moments later, however, the painting self-destructed.

An alarm immediately sounded following the startling bid and the painting was shredded beyond repair from the bottom of the frame.

Seemingly unaware that this was going to happen, Alex Branczik, the head of contemporary art simply said: “It appears we just got Banksy-ed.”

He then declared: “He is arguably the greatest British street artist, and tonight we saw a little piece of Banksy genius.”

“The shredding is now part of the integral artwork. We have not experienced a situation where a painting has spontaneously shredded, upon achieving a record for the artist.”

After the incident happened, the anonymous Banksy posted a video of the event on his Instagram.

The post Banksy Painting Self-destructs After Selling for $1.1 Million appeared first on My Daily Magazine - Art, Design, DIY, Fashion and Beauty !.