Banksy posts video saying incomplete shredding a malfunction
Updated : October 18, 2018 08:48 AM IST
The video shows the famously anonymous artist constructing the shredding mechanism inside an ornate frame and pushing a button in a black box to activate the destruction at Sotheby's in London earlier this month.
The act shocked the crowd, but the winning bidder, a European collector, went ahead and bought it anyway for $1.4 million, according to the auction house.
The partial shredding drew speculation that the act was a stunt to increase the value of the painting of a young girl reaching for a heart-shaped red balloon. The canvas was shredded to right above the girl's head, leaving the balloon intact.