Buyer of shredded Banksy artwork will go through with the sale

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

The graffiti artist Banksy published a video detailing how his now-infamous artwork destroyed itself after being sold at auction.

He shared footage of the prank online, which showed half the painting now hangs in ribbons below the frame.

He also included a quote by Pablo Picasso on his Instagram page: "The urge to destroy is also a creative urge".

Banksy later posted a video of the self-destructing painting on Instagram in which he claimed he equipped the frame with a shredder in case the painting was ever sold.

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.

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She said: "When the hammer came down last week and the work was shredded, I was at first shocked, but gradually I began to realise that I would end up with my own piece of art history".

Sotheby's auction house - where Banksy's art was sold and swiftly destroyed - has said that it is now in discussions with the buyer about what to do next. And as speculation grew that the shredded painting might increase in value, the owner of a Banksy artwork tried replicating the audacious prank to increase its value, only to fail miserably. John Brandler, director of Brandler Art Galleries has described Banksy as "the ultimate publicity artist" and said the stunt was "absolutely brilliant".

Sotheby's European head of contemporary art told the press: "We've just been Banksy'ed".

Never had we seen such a scene during an auction. Its stencil has been repeated in an edition of 150 prints and 25 numbered paintings by Banksy.

The "Girl with a Balloon" image, which first debuted in 2004, has become one of the artist's most iconic creations. Sotheby's did not make the buyer's identity public following last week's unusual auction. In 2015, the artist conceived "Dismaland" - a haunting exhibit he called a "festival of art, amusements and entry-level anarchism". "The shredding is now part of the integral artwork".

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