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Art Owner Shreds £40,000 Banksy Piece To Increase Its Value – It’s Now Worth £1

The owner of an original Banksy piece worth £40,000 shredded it in order to copy the artist’s infamous stunt, although it backfired on them as it is now worth just £1.

The owner of the “Girl With a Balloon” print used a Stanley knife to slice strips into the famous artwork. He then attempted to sell it for £80,000, which is double what he paid for it.

It was a print of just 600 mint condition copies, although experts refused to accept it saying it was a “crazy” decision and an act of “opportunistic vandalism.

The ill-informed stunt came back to bite the art owner as the piece is now worth less than £1.

This follows the headline grabbing stunt by the artist, where the framed stencil sprayed original was to be sold at a record price of £1.04 million.

However, in a shocking twist, the art work was shredded by its own frame as soon as the hammer fell, leaving the 2006 piece in tatters.

Banksy then revealed that he had placed the shredder in the frame several years previously, in case it was ever sold at auction.

Although the new owner was undoubtedly shocked by the stunt, they will be pleased to know that the artwork has now doubled in value.

However, art experts from My Art Broker have warned people not to shred their Banksy pieces.

‘We’ve had a number of Banksy print owners contact us today asking if they shred their artwork will it be worth more. Please, Please DON’T. The events of the last 24hrs are a very unique piece of art history.’

When Banksy does something crazy like shredding his own artwork, it will naturally have a dramatic affect on values. ‘What this person today seems to have done is needlessly ruin a print worth around £40,000 and reduce its value to almost nothing. ‘We strongly recommend nobody else takes valuable art and tries to cash in on what history will judge a simply brilliant stunt.’

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