Art prankster Banksy reveals how he shredded R19m painting

Banksy planned the artwork’s self-destruction years ago More

Alison Young, a professor of criminology at the University of Melbourne who has studied street art and Banksy for years, said this was far from a prank gone wrong.

"Girl with Balloon is one of the most iconic images of recent times".

Sotheby's European head of contemporary art Alex Branczik is still trying to get his head around the situation.

While Banksy failed to share how the shredder was set in motion, those who attended the Sotheby's event noticed a odd man inside the crowd, prompting rumors that the destruction mechanism was activated by the elusive artist himself.

The Banksy painting that self-destructed after being sold for $1.1 million has reportedly doubled in value after the controversial stunt.

The dramatic moment prompted a slew of questions - especially since Banksy claims to have installed the machinery years ago.

Is there any length to which the elusive street artist-turned-jester in the high court of fine art won't resort, in order to thumb his nose at art market values?

A shadowy figure purported to be Banksy in a scene from the film Exit Through The Gift Shop.

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The artist also published a video that states that he secretly built the shredder into the frame in case the work was ever put up for auction. "It's become worth more as a conceptual moment than as a work of art itself".

The auction house was not immediately available for comment on the whereabouts of the painting's remains, or how its value might have changed in light of its self-destruction.

Banksy's latest stunt has precedence in the art world.

The art world was caught by surprise when his most famous work shredded itself seconds after selling for £1million at auction.

In anonymous interviews, Banksy has cited Del Naja as an influence - and he is credited as being the first graffiti artist in Bristol.

Banksy works including Slave Labour are due to go under the hammer and auctioneers have promised no items will "shred or explode".

AUCTION HOUSE: Sotheby's in London auctioned the artwork shredded by Banksy recently. English cited Robert Rauschenberg's "Erased De Kooning Drawing" - where the artist bought and obliterated the work of a peer - as somewhat of a precedent for Banksy's actions.

However, he also expected that, given all the media attention on the Sotheby's stunt, Banksy probably only added to the shredded piece's allure.

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