Banksy Delivers the Ultimate Prank at Sotheby's Auction
(Bloomberg) -- It's looks like the ever-mischievous Banksy has pulled off the ultimate art prank.
Hours after his “Girl With Balloon” was destroyed at a Sotheby's auction in London following its sale to a phone bidder, an Instagram account tagged to Banksy suggested he was behind the incident.
“A few years ago I secretly built a shredder into a painting,” according to a post on the account. It then cited a quotation from Pablo Picasso that: “The urge to destroy is also a creative urge.”
A video on the same account shows a delighted auctioneer bringing the gavel down on the sale for 1.04 million pounds ($1.2 million). The camera then turns to the painting -- the canvas slides through the bottom of the frame, is half-shredded and is hurriedly removed from the room by two attendants. Cue footage of amazement and outrage.
Sotheby's said it's discussing what do next with the anonymous buyer, who was bidding by phone. The U.K.'s Press Association suggested that Banksy might even have been involved in the bidding process, while some observers posited the idea that whole event wasn't quite as unexpected as Sotheby's made out.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
-
Everything, Everywhere, All At Once: Dalal Street's Week To Forget | Joining The Dots
Visa curbs, a Starlink spat and cancer drug caps: what connects this week's shocks for Indian markets
-
India Is Going Abroad For Critical Minerals. But It May Take Years To Pay Off | The Reason Why
Although India's steps are in the right direction, they remain modest compared with India's growing dependence.