Excellent work Banksy! Love it!

lokie

Well-Known Member
"Banksy painting 'self-destructs' moments after being sold for $1.4 million at auction"

https://www.cnn.com/style/article/banksy-painting-self-destructs-auction-trnd/index.html
Now what? Does the perceived value increase because the damage it is part of the artist's intions from the
start, therefore not in fact damage, or does it loose value because it is not the artifact originally purchased and
is indeed damaged goods?. Can the artist be sued for selling under false pretense?

Is it insured? Does the insurance company have to pay off if the perceived value goes up because of the artist's
hidden original designs? Does the buyer get to keep the "remains" after the insurance claim is paid off?

 

dannyboy602

Well-Known Member

WeedFreak78

Well-Known Member
Was it agreed on to never be sold? If someone remotely triggered it, and it can be proven, could they be charged with destruction of private property because they didn't have legal ownership after the purchase? What if it was remotely turned on, but ambient sounds, like a gravel hit, triggered it? I wonder how many other people with his art are carefully scrutinizing it today for devices.
 

BarnBuster

Virtually Unknown Member
“The new work has been granted a certificate by Pest Control, Banksy’s authentication body, and has been given a new title, ‘Love is in the Bin,’ ” Sotheby’s said in a statement Thursday. The winning bidder, identified only as a female European collector and long-standing Sotheby’s client, has confirmed her “decision to acquire the new work that was created that night.”

“Banksy didn’t destroy an artwork in the auction, he created one,” Alex Branczik, Sotheby’s Head of Contemporary Art, Europe, said in a statement, calling it “the first artwork in history to have been created live during an auction.”


https://fox2now.com/2018/10/12/banksys-girl-with-balloon-sale-is-confirmed-and-its-got-a-new-name/
 

420God

Well-Known Member
“The new work has been granted a certificate by Pest Control, Banksy’s authentication body, and has been given a new title, ‘Love is in the Bin,’ ” Sotheby’s said in a statement Thursday. The winning bidder, identified only as a female European collector and long-standing Sotheby’s client, has confirmed her “decision to acquire the new work that was created that night.”

“Banksy didn’t destroy an artwork in the auction, he created one,” Alex Branczik, Sotheby’s Head of Contemporary Art, Europe, said in a statement, calling it “the first artwork in history to have been created live during an auction.”


https://fox2now.com/2018/10/12/banksys-girl-with-balloon-sale-is-confirmed-and-its-got-a-new-name/
Some collectors say it could be worth millions more now that it's one if the most famous pieces of all time.
 

curious2garden

Well-Known Mod
Staff member
“The new work has been granted a certificate by Pest Control, Banksy’s authentication body, and has been given a new title, ‘Love is in the Bin,’ ” Sotheby’s said in a statement Thursday. The winning bidder, identified only as a female European collector and long-standing Sotheby’s client, has confirmed her “decision to acquire the new work that was created that night.”

“Banksy didn’t destroy an artwork in the auction, he created one,” Alex Branczik, Sotheby’s Head of Contemporary Art, Europe, said in a statement, calling it “the first artwork in history to have been created live during an auction.”


https://fox2now.com/2018/10/12/banksys-girl-with-balloon-sale-is-confirmed-and-its-got-a-new-name/
Well that's important
 
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