Sale on for Banksy painting that self-destructed at auction

The artwork was shredded moment after going under the hammer for $1.7m

Speculation is growing that Banksy, the world-famous guerrilla artist whose identity remains unknown, was sitting in the Sotheby's auction in London on Saturday.

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

The artist posted the moment on his Instagram with a comment reading "Going, going, gone".

The video does not show how the shredder was activated, but it is thought to have been set off using some sort of remote control.

So when one of his famous paintings got resold into an auction for $1.4 million, he devised a devious frame that shredded the painting automatically after it got sold to the highest bidder.

As the original incident involving the Banksy painting garnered attention worldwide, many experts and an auction agency warned owners not to try anything similar. Right after the piece was sold, the work of art self-destructed.

It opened with the caption: "A few years ago, I secretly built a shredder into a painting".

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On Friday night, Banksy's "Girl With Balloon" sold for $1.37 million at a Sotheby's auction in London.

He made that very clear in 2007, when he posted an image on his website of a packed auction room bidding on a framed painting of the words: "I can't believe you morons actually buy this shit".

"We are busy figuring out what this means in an auction context", Branczik told the outlet.

Banksy fans have matched this up to Gunningham - Rob, short for Robin - or potentially Robert Del Naja, better known as 3D. "The shredding is now part of the integral artwork".

The famed anonymous artist pulled off one his most subversive stunts yet when a copy of his "Girl with Balloon" auto-shredded after being purchased at auction.

The proponent of the latter view, Professor of Philosophy Bence Nanay, noted that the work was not fully destroyed when a hidden device started to shred it after being sold but stopped halfway to produce a Banksy work like no other.

Banksy rose to prominence through a series of graffiti pieces that appeared on buildings across the country, marked by deeply satirical undertones.

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