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LONDON (AP) — Banksy’s playful take on a famous Impressionist painting has sold at auction for 7.6 million pounds ($9.8 million), the second-highest price ever paid for a work by the British ...
Immediately after the sale, technicians from Banksy's representatives, Pest Control, deactivated the shredder, but the mechanics remained in the frame. [10] After the shredding, there was a negotiation with the buyer to confirm the sale, and on 11 October it was agreed that the sale would go through at the full original price.
Sold surreptitiously, these black-market works would command far less than their price on the open market. Cotton estimates an uncertified Banksy would sell for 40% less than an authenticated work.
Banksy chronicled the surprise sale in a video posted to his website noting, "Yesterday I set up a stall in the park selling 100% authentic original signed Banksy canvases. For $60 each." [ 129 ] [ 130 ] [ 131 ] Two of the canvasses sold at a July 2014 auction for $214,000.
Art prankster Banksy has struck again. A work by the elusive street artist apparently self-destructed in front of startled auction-goers on Friday, moments after being sold for $1.4 million.
Banksy posted a video on his website chronicling the surprise sale, which revealed that a total of seven paintings were sold for $420 taking. [17] [18] A woman from New Zealand who bought two for $60 each later sold them for £125,000 at a London auction in 2014. [19] [20]