Sale on for Banksy painting that self-destructed at auction

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Far from being torn up over the incident, the buyer of a work by street artist Banksy - that was partially shredded moments after it was sold - has gone through with the purchase.

Art dealer company, Sotheby's said, "Love In The Bin is the first artwork ever to have been created live during an auction".

Sotheby's said it will display the work Saturday and Sunday from noon until 5 p.m.in London.

Auction house Sotheby's said that they were "Banksy-ed" when a canvas of Girl With Balloon self-destructed the second it sold for £1.04 million on Friday night.

Sotheby's has described the painting as a "framed work, spray paint and acrylic on canvas", and notes that it's "the first time in auction history that a work of art automatically shredded itself".

"The post was captioned: "'The urge to destroy is also a creative urge' - Picasso".

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"A few years ago I secretly built a shredder into a painting", text on the screen in the short clip explains. The Sotheby's head of contemporary art, Alex Branczik, told The Art Newspaper that he was "not in on the ruse", but ahead of the auction, apparently, a couple staff members had commented on the hefty weight of the frame surrounding the piece.

Despite going through the shredder, art experts believe that Banksy may have actually increased the value of the iconic work.

The painting sold for £860,000 but with the buyer's premium on the painting, the price shot up to £1.04million.

BanksyAccording to Wikipedia: "Banksy is an anonymous England-based street artist, vandal, political activist, and film director.[1] His satirical street art and subversive epigrams combine dark humour with graffiti executed in a distinctive stenciling technique".

Artcurial will shortly auction three Banksy paintings, along with a resin-crafted figure of a rat holding a paintbrush signed by the artist. In 2006, he released an inflatable doll dressed as a Guantánamo Bay prisoner at Disneyland in California.

The angle from which the man was filming could also correspond to the angle used in Banksy's video version of events.

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