How To: Make A Profit Off Destroyed Art
Step 1) Become a world famous artist
Step 2) Sell work at auctions
Step 3) Destroy original, but leave enough of it intact so one can recognize what it was.
Step 4) Profit
That is what happened this past week with the secret artist, Banksy. While his intentions may have been to show that you shouldn’t put a price on art, it may have backfired. The piece, “Girl with a Balloon” sold at Southeby’s in London for $1.4 million and shortly after put through a shredder hidden in the frame. Banksy later put out this video explaining how it happened.
While his purpose was to devalue the artwork, most art critics say instead he doubled the cost due to this phenomenon. Watch the action unfold in the video below: