Banksy: I was in the room when his painting shredded – and enhanced his brand

If the aim of Banksy’s shredder stunt was to increase his brand value, he certainly succeeded, writes Stephanie Dieckvoss in this crossposting from The Conversation.

Serious collectors of contemporary art had already started to leave the room at the Sotheby’s New Bond Street auction house in London last Friday night as a successful evening sale drew to a close.

Most people seemed more interested in getting to their post-auction dinners than in the final two lots: paintings by KAWS and Banksy, who are generally perceived to be interesting for new or young buyers but not serious collectors. KAWS, the American graffiti artist also known as Brian Donnelly, is seen as too comic; Banksy as too “street”.

That doesn’t mean they are not in high demand. KAWS’ large yellow comic face, Again and Again, sold for just over £1m, making him – in the words of auctioneer Oliver Barker – the Damien Hirst of the 21st century. And the last lot of the sale was Banksy’s 2006 Girl with Balloon, which was last year named in one survey as the UK’s favourite artwork.

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